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CIT Trade Finance Appoints Patrick Wiggins Business Development Officer
Focused on asset-based lending and factoring business
Tuesday, May 21, 2013 07:21 AM
The region offers a tremendous opportunity for us to showcase our expertise in meeting the financing needs of middle market companies.

NEW YORK – May 21, 2013 -- CIT Trade Finance, a leading provider of factoring services in the U.S. for companies that sell into retail channels of distribution, today announced the appointment of Patrick “Pat” Wiggins as Business Development Officer. Based in the CIT Atlanta office, he will be responsible for generating asset-based lending and factoring business in the Southeast United States.

"Pat’s extensive experience in business development and asset-based lending will play an important role as we continue to build our business in the Southeast,” said Michael Hudgens, Director, Business Development, Southeast Region. “The region offers a tremendous opportunity for us to showcase our expertise in meeting the financing needs of middle market companies.”

Wiggins has nearly 20 years of experience in the finance industry, most recently as Vice President, Portfolio Manager for SunTrust Robinson-Humphrey. He has held previous positions with PNC Business Credit and Guaranty Business Credit as well as other financial companies in Atlanta. Wiggins holds a bachelor’s degree in Business Administration and an MBA from the University of Mississippi. Wiggins may be reached at 770-522-7672 or patrick.wiggins@cit.com

EDITOR’S NOTE:

View CIT’s corporate overview video (cit.com/corporatevideo) that showcases our support of the small business, middle market and transportation sectors.

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About CIT Trade Finance
CIT Trade Finance is a leading provider of factoring services in the United States for companies that sell into retail channels of distribution. It provides accounts receivable factoring, trade credit protection, accounts receivable management and asset-based lending to manufacturers and importers. citfactoringuniversity.com 

About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lendingfactoringretail financeaerospaceequipment andrail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com 

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C. Curtis Ritter
Director ofCorporate Communications
(973) 740-5390
Curt.Ritter@cit.com 

Matt Klein
Vice President, Media Relations
(973) 597-2020
Matt.Klein@cit.com