CIT : Provides Grant To Junior Achievement Of Southern California To Fund Programs For Youth

LOS ANGELES, Feb. 13, 2017/PRNewswire / -- CIT Bank, N.A., (Member FDIC, Equal Housing Lender), and its Southern Californiaretail bank division OneWest Bank, today announced that it has provided a $100,000grant to Junior Achievement (JA) of Southern Californiato 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 Californiais 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 Californiacontinue 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 Californiato 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 billionin assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billionof deposits and more than $40 billionof 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 Californiais 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 Californiaregion. This year more than 4,000 classroom volunteers will teach JA programs to more than 70,000 students in ten Southern Californiacounties. For more information, please visit www.jasocal.org. Junior Achievement of Southern Californiais located at 6250 Forest Lawn Dr., Los Angeles, CA90068.

CIT MEDIA RELATIONS:
Matt Klein
Director
(973) 597-2020
Matt.Klein@cit.com

Laura Powers
Vice President
(212) 461 5620
Laura.Powers@cit.com

SOURCE CIT Group Inc.