About CITFounded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. 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. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. 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. cit.com
CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Equipment Finance made two key appointments designed to further grow CIT's Office Imaging dealer relationships in the Southeast and Midwest regions of the United States. The new executives will report to David Gerrard, Vice President, Office Imaging Dealer Sales. "We're excited by these new hires as both managers have demonstrated the proven ability to lead and motivate people to drive growth and profitability and have long-standing experience in the Office Imaging sector," said Mike Jones, Managing Director, CIT Equipment Finance. "These strategic appointments further demonstrate our commitment to assisting manufacturer branches and independent dealers to grow their businesses by providing easily accessible financial sales resources." The new appointments include: Mark McCabe, Regional Sales Manager: McCabe is responsible for business activities in the Midwest territory. He joins CIT from Red Custom Soils, where he was director of sales. He has over two decades of experience in business development and sales in the equipment leasing industry, including previous experience with CIT in sales and sales management roles in the office imaging market. He earned a BS degree from Norwich University. Preston Porter, Regional Sales Manager: Porter is responsible for business activities in the Southeast. Preston joins CIT from Wells Fargo where he was senior regional sales manager of Equipment Finance. He began his career with AT&T Capital and has over 20 years of experience in equipment financing working with office imaging dealers, including 13 years with CIT. He earned a BS degree from Florida State University. CIT Equipment Finance offers finance programs designed specifically for the unique needs of Office Imaging and Technology manufacturers, their distribution channels and their end users. EDITOR'S NOTE: CIT thought leadership content can be found at View from the Middle™ ( cit.com/viewfromthemiddle) and our CIT Point of View blog ( cit.com/pov). View our corporate video ( cit.com/corporatevideo) and follow us on Twitter, LinkedIn, YouTube and Facebook. Register to receive press releases at cit.com/newsalerts. About CIT Equipment Finance CIT Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies in a wide range of industries. CIT Equipment Finance US assists manufacturers, distributors, franchisees and franchisors in growing sales, profitability and customer loyalty by providing customized, value-added finance solutions.