VENTURA, Calif., July 30, 2020 /PRNewswire/ -- CIT Group Inc.
(CIT) today announced that it has made a donation to the Ventura
County Chapter of the NAACP, an organization dedicated to ensuring
the educational, social and economic equality of rights of all
persons. The donation supports the chapter's scholarship program to
advance educational equality, a community need identified by a
customer of CIT's Southern
California retail bank division as part of the company's
Acts of Caring initiative.
CIT's donation will provide approximately ten college and
college-bound students with scholarships for the upcoming school
year.
The NAACP Ventura County Chapter has worked since 1954 to
support NAACP programs and policies at the local level, building
community engagement through ongoing initiatives in the areas of
civil rights, social and economic development and
education.
"CIT's donation will support the next generation of Black
students in their educational efforts," said Regina Hatcher-Crawford, president of NAACP
Ventura County Chapter. "We fight every day to ensure equality for
all people, including educational equality, and this donation
invests in the future of our students."
"As part of CIT's Acts of Caring initiative, we're listening to
our customers and giving back to their communities in areas where
support is needed most," said Heather
Ellison, head of Retail Banking at CIT. "We are proud to
support the advancement of educational equality in Ventura County, a community that many of our
retail bank customers call home."
CIT Acts of Caring
As part of CIT's Acts of Caring program, the company
invited customers to nominate a need in their hometown and share
how the company could support those efforts on their behalf.
Identified by a customer of CIT's Southern California retail bank division
OneWest Bank, the Ventura County Chapter of the NAACP is one
of ten projects nationwide that was selected to receive a donation
from CIT this summer.
The customer program follows a month-long social good project
where CIT employees completed more than 3,000 Acts of Caring and
dedicated nearly 5,000 hours in support of causes such as COVID-19
relief, addressing food insecurity, improving the environment and
advancing social and economic justice.
Learn more about CIT's Acts of Caring initiative at
cit.com/ActsOfCaring.
About the NAACP
The National Association for the Advancement of Colored People
(NAACP) was established in 1909 and is the largest and most
preeminent civil rights organization in the nation. Formed in
New York City by white and black
activists in response to the ongoing violence against Black
Americans around the country, the mission of the NAACP is to secure
the political, educational, social, and economic equality of rights
in order to eliminate race-based discrimination and ensure the
health and well-being of all Americans.
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:
Susan Fitzpatrick
212-461-7806
Susan.Fitzpatrick@cit.com
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SOURCE CIT Group Inc.