CIT Bank, N.A., (Member FDIC, Equal Housing Lender), and its Southern California retail bank division OneWest Bank, announced that it has provided a $100,000 grant to Junior Achievement (JA) of Southern California to 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 California is 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 California continue 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 California to empower our youth with financial literacy and job preparation to make our communities stronger and more vibrant."
CIT thought leadership content can be found at the Knowledge Center on CIT.com (cit.com/knowledgecenter) and our CIT Point of View blog (cit.com/pov). View our corporate video (cit.com/corporatevideo) and follow us on Twitter, LinkedIn, YouTube and Facebook. Register to receive press releases at cit.com/newsalerts.
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. 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. 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 California is 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 California region. This year more than 4,000 classroom volunteers will teach JA programs to more than 70,000 students in ten Southern California counties. For more information, please visit www.jasocal.org. Junior Achievement of Southern California is located at 6250 Forest Lawn Dr., Los Angeles, CA 90068