The Bank Slate


First Citizens brings back CIT exec to lead commercial finance group

First Citizens BancShares in Raleigh, N.C., has brought back a veteran banker to lead its CIT Commercial Finance group.

The $215 billion-asset company said in a press release that Jim Hudak had become president of the group, effective immediately.

Hudak supervised CIT’s commercial finance businesses from 2008 to 2019. First Citizens bought CIT Group last year.

“It’s a pleasure to welcome Jim back and to leverage his experience and deep industry knowledge as First Citizens … continues to expand its commercial lending and relationship banking expertise,” Peter Bristow, First Citizens Bank’s president, said in the release.

“Jim is a proven leader with a strong track record of supporting his bankers in serving middle-market clients across a wide range of market sectors,” Bristow added. “We are pleased he has accepted this critical role and look forward to his accomplishments in leading the next leg of our growth journey.”

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