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Fifth Third Bank Announces $2.8 Billion Investment to Accelerate Racial Equity, Equality and Inclusion

Fifth Third Bank Announces $2.8 Billion Investment to Accelerate Racial Equity, Equality and Inclusion

12/07/20, 5:05 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcincinnati
Money raised
$2 billion
Fifth Third Bank, National Association today announced a $2.8 billion commitment that will provide $2.2 billion in lending, $500 million in investments, $60 million in financial accessibility and $40 million in philanthropy as part of its Executive Diversity Leadership Council’s Accelerating Racial Equality, Equity and Inclusion initiative. The initiative is part of the Bank’s ongoing commitment to inclusion and diversity, which is focused on creating equitable outcomes for all.

Company Info

Company
Fifth Third
Location
cincinnati, ohio, united states
Additional Info
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Sept. 30, 2020, Fifth Third had $202 billion in assets and operated 1,122 full-service banking centers and 2,414 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Sept. 30, 2020, had $422 billion in assets under care, of which it managed $53 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. 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. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.

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