LOS ANGELES — May 11, 2021 — CIT Group Inc. (NYSE: CIT) today announced that it has named Christopher DeRosa as a business development officer in the West Coast office of its Commercial Services business.

DeRosa, a vice president, will be based in Los Angeles and will focus on business development across a wide range of verticals supported by Commercial Services, including apparel, footwear, housewares, consumer electronics, health and beauty aids and more. He will report to Darrin Beer, western regional manager for CIT Commercial Services.

“Chris is a skilled and experienced financial professional with a deep understanding of how factoring and asset-based lending can support the needs of a wide range of businesses,” Beer said. “We look forward to Chris’ contributions as we continue to grow our business in the western region.”

DeRosa first joined CIT in 2000 as a credit officer and has held a variety of positions since, including account executive and client service officer.  He also spent one year as a vice president at Wells Fargo Capital Finance. DeRosa is a graduate of Loyola Marymount University and holds an MBA from University of La Verne.

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 and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

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