PASADENA, Calif., Dec. 8, 2020 /PRNewswire/ -- CIT and its
Pasadena-based banking subsidiary
CIT Bank, N.A. today announced that it will plant 50,000 trees in
Angeles National Forest through a collaboration with One Tree
Planted, a nonprofit organization focused on global
reforestation.
The trees represent the latest environmental sustainability
initiative by CIT and One Tree Planted to support reforestation in
key environments and will be planted in early 2021 as part of the
Sawmill Liebre Reforestation Project, of which CIT is the principle
donor.
The Sawmill Liebre Reforestation Project aims to establish
ecologically appropriate forest cover through the planting of big
cone Douglas Fir and mixed conifer in wildlife areas affected by
fires. The trees planted as part of the project will support the
recovery and revegetation of one of Southern California's unique forest
habitats.
"We're pleased to plant 50,000 trees that will make a
substantial impact on the environment and a meaningful contribution
to the Southern California
community where we live and work," said Gina Proia, chief marketing and communications
officer at CIT. "Through our partnership with One Tree Planted and
our support of critical reforestation projects, we're powering
forward our commitment to sustainability."
"We are grateful for CIT's contribution to help us restore the
habitat of the Angeles National Forest," said Matt Hill, CEO at One Tree Planted. "With CIT's
support, we are able to complete the critical post-fire restoration
of the forest and support the diverse ecosystems in the area."
CIT's three-year partnership with One Tree Planted has led to
the planting of 118,000 trees across California and Florida, states where forests have been hard
hit by natural disasters and where CIT has a significant business
presence. CIT's partnership with One Tree Planted is part of the
company's goal to support environmental sustainability.
About One Tree Planted
One Tree Planted is a 501(c)(3)
nonprofit on a mission to make it simple for anyone to help the
environment by planting trees. Their projects span the globe and
are done in partnership with local communities and knowledgeable
experts to create an impact for nature, people, and wildlife.
Reforestation helps to rebuild forests after fires and floods,
provide jobs for social impact, and restore biodiversity. Many
projects have overlapping objectives, creating a combination of
benefits that contribute to the UN's Sustainable Development Goals.
Learn more at onetreeplanted.org.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
MEDIA RELATIONS:
Lexa Tutela
212-461-5305
Alexandra.Tutela@cit.com
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SOURCE CIT Group Inc.