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CIT Announces New Appointments in Commercial Services

Neal Harm named managing director; Tom Fingleton named Northeast regional manager

NEW YORK, March 26, 2019 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that Neal Harm has joined the company's Commercial Services business as managing director overseeing strategy, business development and project management. He will report to Commercial Services President Marc Heller.

(PRNewsfoto/CIT Group Inc.)

Harm comes to CIT from BB&T Corporation, where he served in a variety of positions including director of international banking services, president of BB&T's factoring division, and chief operating officer of the company's commercial finance business. He will be based in CIT's New York City office.

"Neal is a proven leader and his wealth of experience in factoring and other forms of commercial finance make him an excellent addition as we pursue our growth objectives and support our clients," Heller said. "We are excited to welcome him to the Commercial Services team."

CIT also announced the appointment of Tom Fingleton as managing director and Northeast regional manager, responsible for new business development and client portfolio management.

"Tom has been a valuable member of the Commercial Services team for several years," Heller said. "We look forward to deploying his skills, agility and leadership to serve clients throughout the Northeast region, which is the largest in our organization."

CIT's Commercial Services business is one of the nation's leading providers of factoring, credit protection, accounts receivable management and lending services to consumer product companies, manufacturers, dealers, importers and resellers.

About CIT
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of Dec. 31, 2018, and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing. CIT's consumer banking segment includes its national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank. Discover more at cit.com/about.

CIT MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran@cit.com

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