Fifth Third Bank Encourages Shoppers to Show Love to Small Businesses on Valentine’s Day
11 February 2016 - 10:28AM
Business Wire
The average American is expected to spend $146.84 on candy,
flowers, cards and other gifts for Valentine’s Day according to the
National Retail Federation. Fifth Third Bank (NASDAQ: FITB)
encourages shoppers to reserve some of that total for their small
business neighbors.
“Your local florists, candy shops and restaurants are great
resources for Valentine’s Day gifts and shopping at these
businesses shows your community some love as well,” said Kala
Gibson, senior vice president and head of business banking at Fifth
Third Bank. “The dollars you spend at these businesses stay in your
local community – they employ your neighbors, support your artisans
and help grow your community.”
More than half of all Americans either own or work for a small
business, according to the U.S. Small Business Administration.
Additionally, for every dollar spent at a small business, 68 cents
remains in that local community.
Fifth Third Bank is committed to the support and development of
small businesses throughout the bank’s footprint, evidenced by
issuing more than $2 billion in small business loans in 2015.
Greenwich Associates recently recognized Fifth Third as one of the
“best brands” in small business banking. Additionally, the State
Small Business Credit Initiative (SSBCI) revealed last year that
Fifth Third is the largest lender by dollar amount since the
program’s inception in 2011.
“When you look at the numbers, it’s clear that small businesses
are the heartbeat of the American economy,” Gibson said. “Fifth
Third Bank is a proud partner of small businesses and remind you to
remember two very important people this Valentine’s Day: your
significant other and your favorite small business owner.”
For more information on how Fifth Third Bank supports small
businesses, please visit https://www.53.com/business-banking/.
About Fifth Third BankFifth 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
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Fifth Third BancorpSean Parker, 513-534-6791
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