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Fifth Third Bancorp Makes $27.5 Billion Community CommitmentFifth Third Bancorp (NASDAQ: FITB) today made a $27.5 billion commitment to the communities it serves. The five-year commitment in lending, investments and services is designed to help the Company fulfill its Purpose to improve lives and be a force for positive change within its geographic footprint. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160211005678/en/ Greg Carmichael is President and CEO of Fifth Third Bancorp. (Photo: Business Wire) For 2016-2020, Fifth Third's commitment is focused on serving low- and moderate-income communities and borrowers, and includes lending and tax credit investments of $27.5 billion:
The Company also is committing to $77 millionof additional investments, service and marketing:
"Fifth Third is proud to be able to formalize our commitment to the community and do so publicly," said Greg D. Carmichael, president & CEO. "It's a part of our promise to serve our communities and customers-to keep them at the center of everything we do and to live out our corporate social responsibility in a way that helps create and sustain healthy, vibrant communities. We look forward to working with our community and business leaders to accomplish great things where we all live and work." Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $141 billion in assets and operates 1,254 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,593 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest, and, as of December 31, 2015, had $297 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Member FDIC. Copyright © 2016. Fifth Third Bank, Member FDIC, Equal Housing Lender, All Rights Reserved. View source version on businesswire.com: http://www.businesswire.com/news/home/20160211005678/en/ |