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CIT Group Hires Rob Bolo to Lead Southeast Business Development
Thursday, December 5, 2019 03:10 PM

NEW YORK — Dec. 5, 2019 — CIT Group Inc. (NYSE: CIT) today announced that its Capital Equipment Finance business has named Rob Bolo as director for the Southeast region.

Bolo will be is based in Charlotte, North Carolina, and will cover North Carolina, South Carolina, Tennessee, Alabama, Georgia, Florida, Virginia, and West Virginia. His focus will be on business development across a wide range of capital equipment loans and lease products touching on a variety of industries.

“Rob has 20-plus years of experience developing equipment-based financing solutions for Southeast companies,” said Robert Seltzer, managing director in Capital Equipment Finance. “He’s become a trusted partner for many clients particularly in manufacturing and energy sectors, but also across transportation, construction and marine.”

Based in Charlotte since the mid-1990s, Bolo held several sales roles at GE Capital through 2015, and most recently developed Southeast markets for Chicago-based MB Bank, which was acquired by Fifth Third in May.  Bolo has a degree in mechanical engineering from West Virginia University.

Capital Equipment Finance, part of CIT’s Commercial Finance division, is a leading provider of equipment financing solutions. Working directly with middle market and large cap businesses, the unit specializes in providing equipment loans and leases with flexible terms and rates tailored to the equipment and credit strength of the borrower.

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. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of Sept. 30, 2019, 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, a division of CIT Bank, N.A. Discover more at cit.com/about.

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