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CIT Donates $5,000 to the Mandarin Food Bank as Part of the Second Annual CIT Foodortunity Contest
Tuesday, September 30, 2014 08:30 AM
I’m proud of all our employees and friends that took the time to solicit support for the Mandarin Food Bank through this contest. This is a great organization that we look forward to supporting in the years to come.

JACKSONVILLE, FL — CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of commercial lending and leasing services, today announced that it would donate $5,000 to Mandarin Food Bank, a Jacksonville-based nonprofit that provides emergency food and clothing to those in need in the Mandarin community, after it received the second most online votes during CIT’s second annual Foodortunity contest. 

“We are delighted to make this donation to Mandarin Food Bank as runner up winners in our second annual Foodortunity contest,” said Stacy Papas, Director of Philanthropy and Community Involvement for CIT. “Having worked with this organization in the past, I can attest to the incredible amount of services they provide to the local Mandarin community and the effort they put forth to win this donation. We hope that all of the community organizations that were featured through our contest benefited from the increased exposure by shining a light on all the great work they do for those in need.”

Bonnie McNulty, Co-Director of the Mandarin Food Bank, said, “CIT has been a supporter of our organization for a number of years. The company and its employees are proof that we all have the power to make an impact in the neighborhoods where we live and work. The contest is a great example of putting the power in the hands of the people. We’re grateful to be the beneficiary of this generous donation from CIT.”

Nick Small, Managing Director, CIT Equipment Finance, U.S., said “I’m proud of all our employees and friends that took the time to solicit support for the Mandarin Food Bank through this contest. This is a great organization that we look forward to supporting in the years to come.”

CIT’s Foodortunity contest is designed to increase awareness of local community organizations that focus on providing food and meals to those in need. Over the course of the 6-week voting period, individuals could vote online to determine which charity should receive the $10,000 grand prize donation, as well as $5,000 for second place and $2,500 for third place. The Mandarin Food Bank accumulated 41,964 votes out of 166,000 total votes cast for second place.

This year, as part of CIT’s efforts to give back to the communities in which its employees and customers live and work, CIT employees collected more than 75 tons of food and goods and donated more than 8,200 hours of their time to support their communities.

About Mandarin Food Bank
The mission of the Mandarin Food Bank at St. Joseph’s Catholic Church is to provide emergency food and clothing to those in need in the Mandarin Community. They are a ministry run entirely by volunteers. Anyone residing in the Mandarin Community, regardless of religious affiliation, is eligible to be served. mandarinfoodbank.org

About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lendingfactoringretail and equipment finance, as well as aerospaceequipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com 

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(973) 740-5390
Curt.Ritter@cit.com

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Matt.Klein@cit.com