First Citizens Bank announced its Healthcare Finance business, part of the bank’s CIT division, has named Joe Kernan as its new Relationship Manager. Kernan is based in Pasadena, CA (Los Angeles Metro) supporting healthcare clients in the Western U.S.

In his new role, Kernan will focus on healthcare asset-based lending to provide working capital solutions for mid-sized to large businesses. He will leverage the combination of CIT’s deep healthcare lending knowledge and creative structuring to deliver solutions for companies who serve the healthcare ecosystem.

“Joe brings his deep industry knowledge and proven track record in commercial banking to help middle market companies achieve their growth objectives,” said Mike Coiley, Managing Director of CIT Healthcare Finance. “We are delighted to welcome Joe to our team and look forward to his success as we continue to grow our business.”

Kernan joins First Citizens Bank with 25 years of experience in commercial finance. He has previously served as relationship manager at Pacific Western Bank, BBVA, PNC, and most recently, Fifth Third Bank.

First Citizens Bank’s Healthcare Finance business provides comprehensive financing and banking solutions to middle market healthcare companies across the U.S. By using a client-focused and industry-centric model, Healthcare Finance can tailor its products and services to help clients meet their needs for growth capital.