LOS ANGELES, Oct. 18, 2017 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT), today announced that Nicholas Nunnari has joined the Commercial Services team as vice president and business development officer. In this position, Nunnari will advance the team's strategic initiatives and facilitate the continuing expansion of CIT's financial services throughout the region. He will report to CIT's Western Regional Manager, Darrin Beer.
"Nunnari will play an integral part in developing and growing our West Coast portfolio," said Beer. "He has a strong track record of success in establishing new credit, trade and financing solutions for consumer product companies."
"I'm excited to join CIT and work closely with Darrin and the team to support the new business growth objectives of the Western region," said Nunnari.
Nunnari joins CIT from Merchant Factors Corporation where he was a vice president, account executive and new business officer. In this position, Nick managed a large portfolio of accounts and was instrumental in contributing to the region's new business growth. Prior to that, Nunnari held positions with the NFL Network and FOX Sports in Southern California.
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $50 billion in assets as of June 30, 2017. 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. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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.
SOURCE CIT Group Inc.