CIT Canada Collects More Than One Ton of Food During Employee Food Drive

CIT Canada Collects More Than One Ton of Food During Employee Food Drive

Proceeds of Food Drive Benefit Partnership West and Daily Bread Food Banks

BURLINGTON, Ontario & TORONTO--(BUSINESS WIRE)-- CIT Group Inc.  (NYSE: CIT  ) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today announced that its Burlington and Toronto-area employees collected more than one ton of food (2,670 pounds) as part of its company-wide global initiative to fight hunger. The food will be donated to Partnership West Food Bank, which provides emergency food to residents in need in Burlington, and The Daily Food Bank in Toronto. This effort will be added to the 117 tons (234,000 pounds) of food and personal items previously donated by CIT offices around the world over the last seven years. Building on this strong foundation of giving, CIT offices around the world are sponsoring similar Employee Food Drives throughout 2013 in addition to sponsoring local volunteer projects that support their neighbors and community organizations.

“The success of our food drive highlights the important role community service plays in the lives of our employees and couldn’t come at a better time as food banks are reporting low supplies,” said Blake Macaskill, Managing Director of CIT Canada. “We are proud of the success of this year’s event. The continued generosity of our employees is a testament to how each of us can make an impact on our community.”

The Partnership West Food Bank was established in 1991 in conjunction with 10 churches in West Burlington and currently receives approximately 3,500 visits a year, a number that has steadily increased throughout the food bank’s history. As the hub of the food bank community in Toronto, the Daily Bread Food Bank supports approximately 170 member agencies in running various food relief programs.

“There are many people who are dependent on local food banks to feed themselves and their families,” said Paul Tammeorg, Manager of Operations at the Partnership West Food Bank. “As a result of the community of Burlington’s generosity, and through the generosity of companies like CIT, we have been able to respond to the ever growing numbers of people needing help. The donations from CIT come at a great time as collections typically slow down during the summer months. We’re grateful to receive support from an extraordinary team of people.”

EDITOR’S NOTE

View CIT’s corporate overview video (cit.com/corporatevideo) that showcases our support of the small business, middle market and transportation sectors.

Follow us on Twitter: @citgroup, on LinkedIn: LinkedIn.com/company/cit, on YouTube: YouTube.com/citgroupvideo, and on Facebook: facebook.com/citgroup. Individuals interested in receiving corporate news releases can register at cit.com/newsalerts or subscribe to the RSS feed at cit.com/rss.

About CIT Canada

CIT Canada provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries, including: Chemicals, Communications, Energy, Entertainment, Gaming, Healthcare, Industrials, Public Sector debt, Information Services & Technology, Restaurants, Aerospace, Retail, Sports & Media and Transportation & Construction. It creates tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. Through these programs, it provides equipment financing and value-added services.

About CIT Vendor Finance

CIT Vendor Finance is a leader in developing business solutions for small businesses and middle market companies for the acquisition of equipment and value-added services. It creates tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. Through these programs, it provides equipment financing and value-added services, from invoicing to asset disposition, to meet its customers’ needs. cit.com/vendorfinance

About CIT

Founded in 1908, CIT (NYSE: CIT  ) is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com



CIT MEDIA RELATIONS:
C. Curtis Ritter, 973-740-5390
Director of Corporate Communications
Curt.Ritter@cit.com
or
Matt Klein, 973-597-2020
VP, Media Relations
Matt.Klein@cit.com
or
Carol Stubits, 905-633-2388
Director, Vendor Finance, Canada
Carol.Stubits@cit.com

KEYWORDS:   North America  Canada

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