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WASHINGTON (dpa-AFX) - First Citizens BancShares Inc. (FCNCA), the parent company of First-Citizens Bank & Trust Co., and CIT Group Inc. (CIT), the parent company of CIT Bank, N.A., jointly announ…
(RTTNews) - First Citizens BancShares Inc. (FCNCA), the parent company of First-Citizens Bank & Trust Co., and CIT Group Inc. (CIT), the parent company of CIT Bank, N.A., jointly announced Wednesday that the proposal to merge the two companies has received regulatory approval from the Federal Deposit Insurance Corporation or FDIC.
RALEIGH, N.C. and NEW YORK, July 14, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (NASDAQ: FCNCA) (First Citizens), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) (CIT), the parent company of CIT Bank, N.A., jointly announced that the proposal to merge the two companies has received regulatory approval from the Federal Deposit Insurance Corporation (FDIC).
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NEW YORK, June 24, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to
NEW YORK, June 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $30 million credit facility to an online retailer of luxury accessories. The asset-based financing
NEW YORK CITY CIT Group Inc. has provided a $33.2 million acquisition loan for an eight-story medical office building located at 902 Quentin Road in Brooklyn. The property was built in 2013 and also features academic space. Tenants include NYU Langone Health and Touro College School of Health Sciences. Occupancy was 100 percent at  The post CIT Group Provides $33.2M Acquisition Loan for Medical Office Building in Brooklyn appeared first on REBusinessOnline .
NEW YORK , June 17, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT ) today announced that its Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apartment complex in Tampa, Florida . Full story available on Benzinga.com
NEW YORK , June 15, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT ) today announced that its Healthcare Finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of a medical office building in Brooklyn, New York . The class A medical office building is located at 902 Quentin Road, Brooklyn . Built in 2013, it features eight stories Full story available on Benzinga.com
CIT Group Inc (DEL) with ticker code (CIT) have now 5 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 62 and 50 calculating the mean target price we have 55. Given that the stocks previous close was at 52.9 this would imply there is a potential upside of 4.0%. The 50 day moving average now sits at 52.85 while the 200 day moving average is 46.29. The market cap for the company is $5,079m. Find out more information at: /> [stock_market_widget type="chart" symbol="CIT" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies.
To support the launch, KKR and AV AirFinance have agreed to buy a portfolio of aviation loans from CIT Group.
(RTTNews) - CIT Group Inc. (CIT) Friday announced sale of its aviation loan portfolio to KKR, a global investment firm. This is related to a previously announced agreement for a loan portfolio of nearly $800 million balance across more than 50 loans for about 60 commercial aircraft. CIT said it has transferred the majority of loans and
Global private equity major KKR has agreed to buy an almost $800m-strong aviation loan portfolio from CIT Group. The post KKR launches aviation lending business with $800m loan portfolio purchase first appeared on AltAssets Private Equity News .
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