Executive Vice President Chief Credit Officer

Robert C. Rowe is Executive Vice President and Chief Credit Officer. He is responsible for overseeing the transaction approval process across CIT’s four operating segments, setting credit policy and overseeing the Company’s workout/special assets function. He is also responsible for ensuring the regular review, adherence to, and effective communication of credit policy and procedures across all levels of CIT. Prior to CIT, Rowe served as Senior Credit Officer – Commercial Banking of FirstMerit Bank. He previously served as Chief Credit Officer of National City Bank after spending 20 years in various roles of increasing responsibility in their Corporate Banking and Credit departments.

While at National City he also served as Division Head of the Equity Sponsor Group and had transaction approval responsibility for various segments that included Leveraged Finance and Asset Based Lending. Before National City, Rowe served as Account Officer and Assistant Treasurer of Irving Trust (now Bank of New York Mellon). He received a BA degree in Economics from Boston College and an MBA in Finance from Indiana University.

-------

Members of the press who have an interest in speaking with this executive can contact curt.ritter@cit.com .