Tag: First Citizens Bank

A growing number of brokers are looking to seize the opportunity to capitalize on growing demand in the equipment and equipment finance industry.

First Citizens Bank Equipment Finance and Merlo America have entered into a new vendor finance agreement aimed at providing Merlo customers ...

Midland, Banc of California shrink equipment finance portfolios in 2024

Brookline, Banc of California pull back equipment lending in Q1

byQuinn Donoghue

May 2, 2025

Brookline Bancorp and Banc of California shrank their equipment finance businesses in the first quarter, while First Citizens BancShares’ revved ...

A First Citizens Bank branch in Alpharetta, Georgia, US, on Thursday, March 23, 2023. First Citizens BancShares Inc., one of the biggest buyers of failed US lenders, is still hoping to strike a deal for all of Silicon Valley Bank, according to people familiar with the matter.

First Citizens, Sixth Street launch equipment finance venture

byJohnnie Martinez II

February 10, 2025

First Citizens Bank and Sixth Street are launching Sixty-First Commercial Finance, an equipment finance joint venture targeting middle- to large-ticket ...

Old mining equipment that belonged to Wismut, a Soviet-East German company that supplied Moscows nuclear weapons program, outside the Uranium Mining Museum in Aue/Bad Schlema, Germany, on Wednesday, Sept. 25, 2025. The spa town where discoveries of uranium ore were first made by the Soviet military in 1946, are on a Chemnitz's European Capital of Culture 2025 sculpture trail.

First Citizens, Sixth Street form equipment finance JV

byEquipment Finance News, AI Assisted

February 5, 2025

First Citizens Bank and global investment firm Sixth Street launched Sixty-First Commercial Finance to provide flexible capital equipment financing solutions for middle-market ...

First Citizens Bank Equipment Finance eyes $750M in industrial originations in 2023

byJoey Pizzolato

March 1, 2023

CHARLOTTE — First Citizens Bank Equipment Finance has its eye toward growth in its industrial portfolio this year as the ...

Expanded Equipment Finance Connect agenda focuses on best practices for finance operations

byJohnnie Martinez II

January 30, 2023

Royal Media’s newly expanded agenda for the 2023 Equipment Finance Connect emphasizes educational sessions on best practices for finance operations. ...

CIT supplies Utopia Deals with $35M revolving credit facility

byJohnnie Martinez II

December 9, 2022

CIT’s asset-based lending business has inked an agreement with global retailer Utopia Deals to supply the company with a $35 ...

Pedestrians walk outside the former headquarters building of CIT Group Inc., in New York, U.S., on Monday, Feb. 8, 2010. John Thain, the ousted chief of Merrill Lynch & Co., was named to lead CIT Group Inc., the commercial lender that emerged from bankruptcy in December, after almost a four-month search for a replacement

CIT director Harold Ray to join fireside chat at Equipment Finance Connect

byJoey Pizzolato

December 1, 2022

Harold Ray, director of industrial finance, CIT Harold Ray, director of the industrial finance division at CIT, is set to ...

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