CIT Wins Three Stevie® American Business Awards

NEW YORK, May 27, 2020 /PRNewswire/ -- CIT Group Inc. CIT today announced that it has won three Stevie® American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of the Year.

"Empowering our customers, employees and communities is a CIT hallmark," said CIT Chairwoman and CEO Ellen R. Alemany. "We appreciate this recognition as a reflection of our commitment to excellence."

CIT's Gold award for achievement in banking management was received for the leadership of CIT's Power and Energy team in financing renewable power projects and utility-scale battery storage projects across the U.S.

The Silver award for FinTech Solution was won by CIT's Small Business Solutions unit for its point-of-sale lending platform, a B2B digital solution that offers customers real-time financing for their purchases.¹

CIT's Silver award for Corporate Social Responsibility Program of the Year in the large business category came in recognition of CIT's One Million Meals campaign, a partnership with Feeding America® that brought customers, employees and social media followers together in the fight against hunger. In its second year, the campaign ultimately exceeded its original target by 50% to deliver 1.5 million meals to people in need.

The Stevie American Business Awards are the premier business awards program in the U.S. More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.

"Despite the toughest business conditions in memory, American organizations continue to demonstrate their commitment to innovation, creativity, and bottom-line results," said Stevie Awards president Maggie Gallagher. "This year's Stevie-winning nominations are full of inspiring stories of persistence, ingenuity, resourcefulness, and compassion.  We celebrate all of their stories and look forward to showcasing them during our virtual awards ceremony on August 5."

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. 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.

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

¹ Speed and performance are subject to applicant's local connectivity and other factors outside CIT's control. 

MEDIA RELATIONS: 
John M. Moran
212-461-5507
john.moran@cit.com

SOURCE CIT Group Inc.