Don Norman Named Senior Portfolio and Relationship Manager for CIT Commercial Services
May 13, 2024
Source: First Citizens Bank
NEW YORK – May 10, 2024 -- First Citizens Bank today announced that its CIT Commercial Services subsidiary has named Don Norman as a vice president and senior portfolio and relationship manager in its Western Region.
In his new role, Norman will be responsible for managing a portfolio of clients while consistently supporting the overall growth of Commercial Services in the Western region. Based in Los Angeles, he will report to Michael Raynor, portfolio team leader, under the direction of Western Regional Manager Darrin Beer.
“We are excited to welcome Don to the CIT Commercial Services team and look forward to leveraging his expertise to contribute to our ongoing growth trajectory,” Beer said. “We’re confident Don’s extensive relationships and deep industry knowledge will be a valuable asset to our organization.”
“With his extensive background and expertise in forging business relationships, I am confident that Don will make a great addition to our team,” Rayner added.
Norman brings more than 25 years of management, sales and lending experience to First Citizens. He most recently served as senior vice president and director of underwriting for White Oak Commercial Finance, where he was responsible for managing a large client portfolio as well as sourcing new business deals.
Earlier in his career, he was CEO/President of ProNurse, a staffing agency he founded. He has also held various positions with a high level of responsibility at GMAC, Anthem Blue Cross of CA, and Heller Financial. He holds a bachelor’s degree and an MBA from Pepperdine University.
A subsidiary of First Citizens Bank, CIT Commercial Services is one of the nation's leading providers of factoring, credit protection, accounts receivable management, supply chain finance and lending services to domestic middle market companies.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. Discover more at firstcitizens.com.
In his new role, Norman will be responsible for managing a portfolio of clients while consistently supporting the overall growth of Commercial Services in the Western region. Based in Los Angeles, he will report to Michael Raynor, portfolio team leader, under the direction of Western Regional Manager Darrin Beer.
“We are excited to welcome Don to the CIT Commercial Services team and look forward to leveraging his expertise to contribute to our ongoing growth trajectory,” Beer said. “We’re confident Don’s extensive relationships and deep industry knowledge will be a valuable asset to our organization.”
“With his extensive background and expertise in forging business relationships, I am confident that Don will make a great addition to our team,” Rayner added.
Norman brings more than 25 years of management, sales and lending experience to First Citizens. He most recently served as senior vice president and director of underwriting for White Oak Commercial Finance, where he was responsible for managing a large client portfolio as well as sourcing new business deals.
Earlier in his career, he was CEO/President of ProNurse, a staffing agency he founded. He has also held various positions with a high level of responsibility at GMAC, Anthem Blue Cross of CA, and Heller Financial. He holds a bachelor’s degree and an MBA from Pepperdine University.
A subsidiary of First Citizens Bank, CIT Commercial Services is one of the nation's leading providers of factoring, credit protection, accounts receivable management, supply chain finance and lending services to domestic middle market companies.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. Discover more at firstcitizens.com.