CIT Names Business Development Officer in Capital Equipment Finance for the West Region


NEW YORK, April 14, 2022 /PRNewswire/ — CIT, a division of First Citizens Lender, today introduced that its Funds Products Finance enterprise has named Eric Smith as a company development officer serving the West location.

(PRNewsfoto/CIT, a division of First Citizens Bank)

(PRNewsfoto/CIT, a division of First Citizens Lender)

Smith, who is centered in Bigger Seattle, will be responsible for producing, preserving, and growing shopper and prospect interactions in just the area, which incorporates California, Oregon, Washington, Alaska and Hawaii.

“CIT has extensive taken care of a status for excellence in capital machines financing,” explained Kevin Ronan, senior vice president overseeing business development for both the immediate and indirect gross sales channels in Cash Equipment Finance. “I am self-confident Eric will support us increase on that legacy by supporting our purchasers and their ongoing expansion in this significant market sector.”

Smith is a economic revenue professional with above 25 years of working experience producing machines-dependent fiscal methods across a vast variety of industries. Prior to joining CIT, Smith expended 5 several years in tools finance at Wells Fargo and 15 years in advance of that at GE Cash. He is a graduate of the College of Oregon with a degree in company and finance.

Capital Tools Finance, part of CIT’s Business Finance business enterprise, is a major service provider of equipment financing options to middle market and large-cap firms. The unit specializes in furnishing tools loans and leases with flexible conditions and rates personalized to the products demands and credit score power of the borrower.

About CIT

CIT is a division of Initially Citizens Lender, the premier spouse and children-managed bank in the United States, continuing a exclusive legacy of power, steadiness and prolonged-expression contemplating that has spanned generations. Mother or father firm, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a prime 20 U.S. money establishment with much more than $100 billion in belongings. The company’s professional banking phase brings a broad array of most effective-in-course lending, leasing and banking services to center-industry corporations and compact firms from coast to coastline. First Citizens also operates a nationwide immediate financial institution and a community of additional than 600 branches in 22 states, a lot of in superior-development markets. Market professionals provide a depth of knowledge that can help companies and folks meet their particular objectives at every phase of their fiscal journey. Uncover much more at

John M. Moran
[email protected]



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