Press release
First Citizens Bank Announces Promotions in CIT Commercial Services Top Leadership Roles
NEW YORK, June 7, 2023 /PRNewswire/ -- First Citizens Bank today announced that Marc Heller has been promoted to the position of vice chairman of CIT
About this update from First Citizens Bancshares, Inc.
[{"type":"text","content":"NEW YORK, June 7, 2023 /PRNewswire/ -- First Citizens Bank today announced that Marc Heller has been promoted to the position of vice chairman of CIT Commercial Services1, a subsidiary of First Citizens Bank, and that Michael Hudgens has been promoted to the role of CIT Commercial Services president with full responsibility for the day-to-day operation of the business. The new appointments are effective July 1.\n\n \n \n \n \n \n \n\n \nHeller has been a leader in commercial financing for more than half a century. Since joining CIT in 2004, Heller has been an integral part of CIT Commercial Services' growth and development, first as Northeast regional manager and subsequently as its president since 2016. Under his supervision, CIT Commercial Services emerged as a nationwide leader in factoring, credit protection, accounts receivable management and lending services to consumer product companies, manufacturers, dealers, importers and resellers.\nIn his new role as vice chairman, Heller will continue to actively support the business, maintaining and expanding client relations while ensuring a smooth transition of management responsibilities. Heller will also continue to provide strategic advice and guidance on business activities and new initiatives.\nSince March 2022, Hudgens has served as managing director for all of CIT Commercial Services, supervising regional managers in the Northeast, Southeast and West. As president, his role will expand to include oversight of all CIT Commercial Services leaders and executives with primary responsibility for business growth. Hudgens has deep experience in factoring and other financial services. He is a veteran of 35 years with CIT Commercial Services, including more than a decade as Southeast regional manager.\n\"I want to congratulate Marc Heller and Mike Hudgens on their new roles, as we look to accelerate growth in CIT Commercial Services and continue positioning the business for long-term success,\" said Peter Bristow, president of First Citizens Bank. \"We are extremely fortunate to have two extraordinary individuals with unparalleled expertise in this field leading our business and supporting our clients.\"\n\"CIT Commercial Services is a unique lender with outstanding experience and expertise,\" Heller said. \"I am pleased to continue supporting the business and its existing clients ...