CIT Expands Industrial Sales Team for Equipment Finance Division

JACKSONVILLE, Fla., Aug. 7, 2017 /PRNewswire/ -- CIT Group Inc. CIT a leading provider of commercial lending and leasing services, today announced two key appointments to their Equipment Finance division to support the growth of its industrial market segments.

Maurice Smith will cover the Eastern territory and Susan Taldone will cover the Midwest territory of the U.S. Both Smith and Taldone are responsible for originating and managing dealer and distributor relationships in the construction, agriculture, material handling and transportation industries.

"With these hires, we continue our expansion plans to add resources throughout the country to better serve our manufacturer and dealer clients," said Harold Ray, industrial commercial leader of CIT's Equipment Finance business. "Their experience and long-standing relationships in the industrial sector provide them with the expertise to structure commercial customer finance programs for manufacturers and distributors." 

Maurice Smith joins CIT from PNC Bank. He has more than 10 years of experience in industrial financing for small to middle ticket construction and transportation businesses.  Susan Taldone joins from Bank of the West and has over two decades of experience in commercial client financing of construction, material handling, and transportation assets.

About CIT

Founded in 1908, CIT CIT is a financial holding company with more than $50 billion in assets as of June 30, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.

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CIT MEDIA RELATIONS:               
Olivia Weiss                                       
212-771-9657                         
Olivia.Weiss@cit.com

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SOURCE CIT Group Inc.