LOS ANGELES, Feb. 13, 2017 /PRNewswire/ -- CIT Bank, N.A.,
(Member FDIC, Equal Housing Lender), and its Southern California retail bank division
OneWest Bank, today announced that it has provided a $100,000 grant to Junior Achievement (JA) of
Southern California to support
their mission to inspire and empower over 70,000 young people
through financial literacy, workforce readiness and
entrepreneurship education; all concepts that are reinforced
through JA 's volunteer mentors, including employees from CIT, who
lead students through JA Classroom programs, JA Job Shadow and JA
Finance Park.
"Junior Achievement of Southern
California is grateful for CIT's ongoing support of our
mission to inspire and prepare young people to succeed in a global
economy," said Eric Carlson,
director of development for Junior Achievement of Southern California. "CIT's grant helps
provide instruction in basic money management and personal finance
skills, which are often not taught at home or schools."
Steve Solk, president, CIT consumer banking, said, "This grant
will help Junior Achievement of Southern
California continue changing young peoples' lives by
providing the tools necessary to succeed in an ever changing world.
At CIT, we are committed to responding to the needs of our
communities, particularly with financial education."
Rick Lieber, senior vice
president, CIT, stated, "We're proud of our ongoing support of
Junior Achievement of Southern
California to empower our youth with financial literacy and
job preparation to make our communities stronger and more
vibrant."
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About CIT
Founded in 1908, CIT (NYSE: CIT) is a
financial holding company with more than $65
billion in assets. Its principal bank subsidiary, CIT Bank,
N.A., (Member FDIC, Equal Housing Lender) has more than
$30 billion of deposits and more than
$40 billion of assets. It provides
financing, leasing and advisory services principally to middle
market companies across a wide variety of industries primarily in
North America, and equipment
financing and leasing solutions to the transportation sector. It
also offers products and services to consumers through its Internet
bank franchise and a network of retail branches in Southern California, operating as OneWest
Bank, a division of CIT Bank, N.A. cit.com
About Junior Achievement of Southern California
JA of Southern California is a volunteer driven,
nonprofit organization dedicated to educating students about
financial literacy, entrepreneurship and work readiness,
through experiential, hands-on programs. JASoCal uses the world of
business and personal finance to teach young people how to make
smart financial decisions, prepare for the 21st century work force
and understand the importance of staying in school. Our programs
inspire students to believe in themselves, dream big and reach
their potential. Founded in 1954, JASoCal is celebrating more than
60 years of impacting students in the Southern California region. This year more
than 4,000 classroom volunteers will teach JA programs to more than
70,000 students in ten Southern
California counties. For more information, please visit
www.jasocal.org. Junior Achievement of Southern California is located at 6250 Forest
Lawn Dr., Los Angeles, CA
90068.
CIT MEDIA RELATIONS:
Matt Klein
Director
(973) 597-2020
Matt.Klein@cit.com
Laura Powers
Vice President
(212) 461 5620
Laura.Powers@cit.com
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SOURCE CIT Group Inc.