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    CIT Appoints Vincent Belcastro Group Head of CIT Capital Equipment Finance
    Tuesday, November 1, 2011 08:30 AM
    CIT has a long history as being a leader in middle market equipment financing

    NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced the appointment of Vincent (Vince) Belcastro (46) as Managing Director and Group Head of CIT Capital Equipment Finance. He will report directly to Burt Feinberg, Group Head of CIT Commercial & Industrial.

    “CIT has a long history as being a leader in middle market equipment financing,” said Mr. Belcastro. “Our team will provide financial solutions for the purchase and lease of large ticket equipment, as well as project finance-related activities across our Corporate Finance focus industries. Our deep industry expertise will allow us to provide sophisticated financing solutions that add value to our customers’ businesses.”

    Prior to this appointment, Belcastro served as senior risk officer within CIT Corporate Finance. He was instrumental in the launch, team build-out and integration of CIT’s Problem Loan Management and Healthcare groups.

    Before joining CIT in 2001, he served in a variety of senior relationship management positions at Citibank N.A. where he was responsible for sourcing and structuring new corporate financing and leasing transactions. Prior to Citibank, he held several transaction-oriented credit positions, at both Republic National Bank and Deutsche Bank, supporting deal-related financing activities in Latin America and Asia.

    Belcastro received BS degrees in Economics and Finance from Saint Francis College. He also completed the Deutsche Bank credit training program.

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    About Corporate Finance

    Corporate Finance provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries, including Communications, Energy, Entertainment, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, Sports and Gaming. cit.com/corporatefinance

    About CIT Capital Equipment Finance

    CIT Capital Equipment Finance is a leading provider of equipment financing solutions for middle market companies in a wide range of industries. CIT Equipment Finance specializes in providing equipment loans and leases for transactions ranging in size from $2 million to approximately $100 million. cit.com/equipmentfinance

    About CIT

    Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $34 billion in financing and leasing assets. A member of the Fortune 500, it provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lendingfactoringretail financeaerospace, equipment and rail leasing, and global vendor financecit.com

     

    Contact:

    CIT MEDIA RELATIONS:
    C. Curtis Ritter
    Director of Corporate Communications
    (973) 740-5390
    Curt.Ritter@cit.com
    or
    Matt Klein
    Vice President, Media Relations
    (973) 597-2020
    Matt.Klein@cit.com
    or
    CIT INVESTOR RELATIONS:
    Ken Brause
    Executive Vice President
    (212) 771-9650
    Ken.Brause@cit.com

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