CIT Employees Volunteer 7,625 Hours This Summer

NEW YORK, Aug. 1, 2017 -- CIT Group Inc. (NYSE: CIT), a national bank serving middle market and small businesses, today announced that its employees contributed a total of 7,625 volunteer hours to local communities across the U.S. during its inaugural CIT Cares Month this summer.

CIT Cares Month launched this past June to enable employees across the country to give back to communities where they live and work. Nearly 1,700 employees, approximately 40 percent of the total U.S. employee population, took part in 160 volunteer projects nationwide.  

"Building stronger communities is a core principle at CIT," said CIT Chairwoman and Chief Executive Officer Ellen R. Alemany. "Our colleagues across the company gave of their time and talents this summer to help others and make a positive impact on our towns and cities. From battling food insecurity to supporting financial education and affordable housing, I'm proud of the drive and spirit within our team."

While a number of volunteer projects and events took place across the country, a few notable contributions include: 32,400 meals served for the hungry in Portsmouth, NH; 3,000 backpacks stuffed with 15,000 food items donated to students in suburban New York City; 4,000 pounds of food restocked at a food pantry in Pasadena, CA; and 21 tons of food collected in Jacksonville, FL.

Chip Paillex, President and Founder of America's Grow-a-Row, commented, "Three groups of CIT employees visited our local farm in New Jersey to help us plant several new crops of vegetables. Our volunteers play a critical role in our work and these efforts will provide approximately half a million servings of healthy produce to those in need."  

Watch a video of CIT Group's employees in action during CIT Cares Month here.

About CIT 
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $50 billion in assets as of June 30, 2017. 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. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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.

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CIT MEDIA RELATIONS:                
Olivia Weiss                                       
212-771-9657                          
Olivia.Weiss@cit.com