CIT Group

Meridian Capital Group Names Brian Brooks as Chairman & CEO; Ralph Herzka Assumes New Role as Founder & Senior Chairman

Retrieved on: 
Tuesday, March 26, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, Credit Suisse First Boston, Growth, CIT Group, Goldman Sachs, Goodman, Sale, OneWest Bank, Credit Suisse, Private sector, Senior, Federal Deposit Insurance Corporation, Multimedia, Currency, Government, Fannie Mae, Capital Group Companies, Security (finance)

View the full release here: https://www.businesswire.com/news/home/20240326196476/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240326196476/en/
    Mr. Herzka, 62, co-founded Meridian in 1991 and rose to become one of the foremost leaders and innovators in commercial mortgage origination.
  • He will continue to play a key role in the business as Founder and Senior Chairman, focusing on expanding customer, lender and broker relationships and generating additional revenue growth.
  • Mr. Brooks, 54, is a recognized authority on financial services, with decades of government and private sector experience.
  • Under Mr. Herzka’s leadership, Meridian has arranged more than $550 billion in commercial real estate financing for more than 11,000 customers since its founding.

Rush Enterprises announces retirements of Michael McRoberts, Chief Operating Officer and Scott Anderson, Senior Vice President of Finance, Insurance and Leasing

Retrieved on: 
Friday, March 8, 2024
SAN, Senior, CIT Group, Growth, Retirement, RUSHA, Navistar, Region, PACCAR, Wilder, Knowledge, Management

He joined the Company in 2011 and served as Regional Manager for Rush Truck Centers in California until he was appointed Senior Vice President – Dealer Operations in March 2013.

Key Points: 
  • He joined the Company in 2011 and served as Regional Manager for Rush Truck Centers in California until he was appointed Senior Vice President – Dealer Operations in March 2013.
  • Prior to joining Rush Enterprises, McRoberts served as the Vice President – General Manager and Chief Operating Officer for the Scully Companies, a regional full-service leasing and dedicated contract carriage organization.
  • Anderson served as Vice President – Finance and Insurance of the Company from 2005 until his promotion to Senior Vice President – Finance and Insurance, and he assumed responsibility for Rush Truck Leasing in 2007.
  • He joined the Company in 2015 as General Manager of Rush Truck Leasing – Fort Worth, after serving in numerous management roles with PACCAR Leasing Company.

THE CENTER FOR DISCOVERY'S 24TH ANNUAL EVENING OF DISCOVERY GALA TO HONOR TCFD BOARD CHAIR EDWARD C. SWEENEY

Retrieved on: 
Tuesday, February 20, 2024
Bear Stearns, Catholic Church, Autism spectrum, TCFD, CIT Group, SVP, National Retail Systems, Music therapy, Transport, Rockville Centre, New York, ASD, Hofstra University, Chairperson, Cipriani S.A., Morgan Stanley, Recreation, Improper integral, Barclays, NRS, Education, Nursing

HARRIS, N.Y., Feb. 20, 2024 /PRNewswire/ -- The Center for Discovery (TCFD, The Center) announced today that TCFD Board Chair, Edward C. Sweeney, will be honored at its upcoming Evening of Discovery Gala. The annual event will be held on Tuesday, May 7th, 2024 at Cipriani 42nd street in New York City.

Key Points: 
  • The NYC Event is set for May 7th, 2024
    HARRIS, N.Y., Feb. 20, 2024 /PRNewswire/ -- The Center for Discovery (TCFD, The Center) announced today that TCFD Board Chair, Edward C. Sweeney, will be honored at its upcoming Evening of Discovery Gala.
  • "We are thrilled to celebrate Ed Sweeney as our 2024 Evening of Discovery Honoree," said Dr. Terry Hamlin , President and CEO of The Center.
  • The Center for Discovery's last in-person Evening of Discovery Gala was held in 2019.
  • Co-chairs of the Evening of Discovery Gala are Monica Belag Forman, Terry Manzione, Elizabeth Bracco Quinn, Maura Robinson, and Emily Gerson Saines.

CIT Bank Savings Products Named Best Online Savings Account and Best High-Yield Savings Account by The Ascent, a Motley Fool Service

Retrieved on: 
Monday, February 5, 2024
Online, FDIC, Ascent, Compact disc, Connect, The Motley Fool, First Citizens BancShares, APY, CIT Group, Insurance, Platinum, Bank

PASADENA, Calif., Feb. 5, 2024 /PRNewswire/ -- CIT Bank , a division of First Citizens Bank, today announced that its Savings Connect account and Platinum Savings account were named the Best Online Savings Account and Best High-Yield Savings Account by The Ascent, a service of The Motley Fool, as part of its 2024 Best Bank and Bank Account Awards .

Key Points: 
  • PASADENA, Calif., Feb. 5, 2024 /PRNewswire/ -- CIT Bank , a division of First Citizens Bank, today announced that its Savings Connect account and Platinum Savings account were named the Best Online Savings Account and Best High-Yield Savings Account by The Ascent, a service of The Motley Fool, as part of its 2024 Best Bank and Bank Account Awards .
  • The Ascent recognized CIT Savings Connect for its competitive annual percentage yield (APY), no account fees and no minimum balance requirement after initial deposit.
  • "These awards are a testament to the innovation, design-forward thinking and customer-centric approach executed by our CIT Bank team on a daily basis."
  • To learn more about the award-winning Savings Connect and Platinum Savings accounts, as well as other CIT Bank offerings including options for personal savings, CDs, eChecking accounts and more, visit cit.com .

Balance Point Announces Investment Team Promotions and Two New Hires Across Investment and Investor Relations Teams

Retrieved on: 
Wednesday, January 31, 2024
Business administration, Growth, Grant, Senior, Bucknell University, CIT Group, Southern Methodist University, Duke University, Consumer, CIT, Corporate services, Georgetown University, ICR, Investment, HSBC, LBO, Anadarko Petroleum, Tudor Investment Corporation, University, Assistant, Methodist University, Health care, Associate, Credit Suisse, CFA

The firm is also pleased to announce the addition of two new associates on the investment and investor relations teams, Wills Danielsen and Nina Lorusso, respectively.

Key Points: 
  • The firm is also pleased to announce the addition of two new associates on the investment and investor relations teams, Wills Danielsen and Nina Lorusso, respectively.
  • Seth Alvord, Managing Partner said, "We are very pleased to promote Grant, Dan, and James, each of whom have added significant value to Balance Point.
  • Their expertise and dedication to our firm and portfolio companies has greatly contributed to the success of our investment platform.
  • Grant joined Balance Point in 2017 as a Senior Associate and most recently was a Senior Vice President.

CIT Bank Unveils Redesigned Mobile App and Web Interface to Improve Customer Experience

Retrieved on: 
Wednesday, December 20, 2023
Mobile banking, FIS, Privacy, CIT Group, Google Play, First Citizens BancShares, Digital One, Apple, Mobile phone

Mobile app upgrades include easier management of accounts, enhanced balance and transfer functionality, and increased access to information and assistance.

Key Points: 
  • Mobile app upgrades include easier management of accounts, enhanced balance and transfer functionality, and increased access to information and assistance.
  • Now, CIT Bank customers can access all of CIT Bank's online banking features from the convenience of their mobile devices.
  • "Consumers expect a seamless digital experience, and with these enhancements to the CIT Bank mobile app, we've empowered them with unparalleled banking convenience," said Ravi Kumar, head of CIT Bank.
  • Visit CIT Bank's Mobile Banking webpage to learn more about the new features and digital convenience of the CIT Bank app.

Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-month period ended September 30, 2023

Retrieved on: 
Thursday, November 16, 2023
Diamond, Sale, CIT Group, Negotiation, Policy, Employment, SOFR, Average, Security (finance), Cover, CME, Recovery, Charter, Compensation, CIT, Uncertainty, Movement, Documentation, Health, Instability, Insurance, Shipbuilding, Cryptocurrency, Globus, Vessel

We are pleased that today it stands at a much healthier level, and we hope the upward trend continues.

Key Points: 
  • We are pleased that today it stands at a much healthier level, and we hope the upward trend continues.
  • We are confident that the high quality of these vessels will be appreciated by a healthy market and that they will enjoy decent employment.
  • On August 18, 2023, the Company signed two contracts for the construction and purchase of two fuel efficient bulk carrier of about 64,000 dwt each.
  • In August 2023, the Company reached an agreement with First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.)

Eastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M. Williams To Its Board Of Directors

Retrieved on: 
Monday, October 30, 2023
Banking, Asset Management, Professional Services, Finance, Linda, Johns Hopkins University, Goodwill Industries, BS, EBC, MBA, Credit Suisse, Credit Suisse First Boston, First Citizens Bank (Trinidad and Tobago), CIT Group, SmileDirectClub, Risk management, Corus Bankshares, New York University Stern School of Business, Business, JPMorgan Chase, New York University, Blue Cross Blue Shield Association, Audit, Fordham, Management, Eastern Bank

Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of Marisa J. Harney and Linda M. Williams to its Board of Directors effective immediately.

Key Points: 
  • Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of Marisa J. Harney and Linda M. Williams to its Board of Directors effective immediately.
  • They have also each been appointed to the Audit and Risk Management Committees of the Board effective January 1, 2024.
  • They will also serve on the Board of Directors of the Company’s banking subsidiary, Eastern Bank.
  • “We are extremely pleased to welcome Marisa Harney and Linda Williams to our Board,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank.

DailyPay Appoints Seasoned Finance Executive Ken Brause as Chief Financial Officer

Retrieved on: 
Wednesday, November 1, 2023
Federal Reserve Bank of New York, Fintech, OneWest Bank, Bankers Trust, NYSE, Bank, OnDeck Capital, University of Chicago Booth School of Business, Head, Burford Capital, American International Group, Acquisition, DailyPay, MBA, Guido Georg Wilhelm Brause, Economics, Wharton School of the University of Pennsylvania, Growth, Trust, Pan American Bank, Small business, Business, University, Small Business Lending Index, CFO, Senior advisor, CIT Group, Management

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- DailyPay, a leading financial technology company, today announced that Ken Brause joins the company as Chief Financial Officer, reporting to CEO Kevin Coop. Brause will advance DailyPay's financial strategy and capabilities to accelerate company growth. Brause brings more than 35 years of financial services and fintech experience at companies of various sizes and stages of ownership and growth, and has extensive expertise overseeing companies through complicated capital markets transactions and transformations.

Key Points: 
  • NEW YORK, Nov. 1, 2023 /PRNewswire/ -- DailyPay , a leading financial technology company, today announced that Ken Brause joins the company as Chief Financial Officer, reporting to CEO Kevin Coop.
  • "Ken is an exceptional finance leader with a breadth of experience across strategy, financial and operational roles," said DailyPay CEO Kevin Coop.
  • Prior to joining DailyPay, Brause was Senior Advisor and Chief Financial Officer of NYSE- and AIM-listed Burford Capital, a leading global finance and asset management firm.
  • "I'm thrilled to be joining DailyPay at this pivotal time in the company's evolution, as it continues to grow rapidly and improve profitability," said Ken Brause.

First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals

Retrieved on: 
Monday, October 2, 2023
First Citizens BancShares, Agility, CIT, First Citizens Bank of South Carolina, Commercial property, Commercial finance, Government, Hudák, CIT Group, Bank, Financial services, Telecommunications, Energy

RALEIGH, N.C., Oct. 2, 2023 /PRNewswire/ -- First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division.

Key Points: 
  • RALEIGH, N.C., Oct. 2, 2023 /PRNewswire/ -- First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division.
  • This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger.
  • "Over many years, First Citizens Bank has built substantial nationwide recognition for its strength, stability, and banking expertise, combined with deep, long-lasting client relationships," said Jim Hudak, president of the Commercial Finance group.
  • The CIT abbreviation, which stood for Commercial Investment Trust, will remain in use in some corners of First Citizens, such as the CIT Rail division, CIT Commercial Services and the CIT Bank online bank.