OneWest Bank to Plant 50,000 Trees Through 'Green Checking' Campaign

Rhea-AI Summary

On Sept 23, 2021, OneWest Bank, a division of CIT, announced the planting of 50,000 trees in California's Sierra Nevada as part of its Green Checking campaign. This initiative, in partnership with the nonprofit One Tree Planted, aims to promote environmental stewardship and help restore areas affected by wildfires. Customers who opened qualifying checking accounts during the campaign contributed to planting 30 trees. This ongoing partnership has resulted in approximately 170,000 trees planted over four years, reaffirming OneWest Bank's commitment to community and environmental goals.

Positive

• OneWest Bank will plant 50,000 trees, enhancing its environmental initiatives.
• The Green Checking campaign aids customers in achieving personal finance goals while supporting sustainability.
• The partnership with One Tree Planted has previously resulted in planting about 170,000 trees.

Negative

• None.

PASADENA, Calif., Sept. 23, 2021 /PRNewswire/ -- OneWest Bank, CIT's Southern California retail bank division, today announced that it will plant 50,000 trees in the Sierra Nevada mountains in the Central Valley of California as a result of its Green Checking campaign in partnership with reforestation-focused nonprofit One Tree Planted.

OneWest Bank's Green Checking campaign reinforced the company's commitment to environmental stewardship by planting 30 trees on behalf of customers who opened a qualifying checking account during the campaign period. In addition to being an easy way for customers to support the environment, the campaign provided customers an opportunity to earn a bonus to bolster their personal finance goals.

"Helping build a sustainable future for both our customers and the environment is a big part of OneWest Bank's commitment to our communities," said Heather Ellison, senior vice president of retail banking at CIT. "Our Green Checking campaign made it easy for our customers to invest in their financial futures, as well as the future of their communities during a time of increased need due to wildfires in California."

One Tree Planted will organize the planting of the trees to help restore and recover California's unique forest habitats that have been impacted by devastating wildfires in the region. This collaboration with One Tree Planted is a continuation of the four-year partnership between OneWest Bank's parent CIT and the nonprofit, which has led to the planting of approximately 170,000 trees.

About OneWest Bank
OneWest Bank is committed to helping Southern California consumers and small businesses meet their financial goals by offering a variety of personal and small business banking and lending solutions. We are passionate about serving the Southern California community and are proud to invest in the neighborhoods where we live and work. OneWest Bank is a division of CIT Bank, N.A. (Member FDIC, Equal Housing Lender), a subsidiary of CIT Group Inc. (NYSE: CIT). For more information, visit OneWestBank.com and follow us on Facebook.

About One Tree Planted
One Tree Planted is a 501(c)(3) nonprofit on a mission to make it simple for anyone to help the environment by planting trees. Their projects span the globe and are done in partnership with local communities and knowledgeable experts to create an impact for nature, people, and wildlife. Reforestation helps to rebuild forests after fires and floods, provide jobs for social impact, and restore biodiversity. Many projects have overlapping objectives, creating a combination of benefits that contribute to the UN's Sustainable Development Goals. Learn more at onetreeplanted.org. 

MEDIA RELATIONS:
Lexa Tutela
212-461-5305
Alexandra.Tutela@cit.com

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SOURCE OneWest Bank

FAQ

How many trees is CIT's OneWest Bank planning to plant in 2021?

CIT's OneWest Bank is planning to plant 50,000 trees in 2021 as part of its Green Checking campaign.

What is the purpose of OneWest Bank's Green Checking campaign?

The Green Checking campaign aims to promote environmental stewardship and help customers meet their financial goals.

Who is partnering with OneWest Bank for the tree planting initiative?

OneWest Bank is partnering with the nonprofit One Tree Planted for the tree planting initiative.

How long has the partnership between CIT and One Tree Planted been active?

The partnership between CIT and One Tree Planted has been active for four years.

Why is tree planting important for OneWest Bank?

Tree planting is important for OneWest Bank as it demonstrates their commitment to sustainability and community support, especially after wildfires in California.