Fifth Third Bancorp Publishes 2018 Corporate Social Responsibility Report
16 May 2019 - 3:15AM
Business Wire
Helping individuals, families, communities and businesses
achieve their goals takes hard work, experience and commitment. For
more than 160 years, Fifth Third has worked to help people achieve
their best lives through the delivery of innovative financial
solutions and collaborative relationships that pave the way for
positive, transformative and long-lasting change. Results have been
shared in the 2018 Corporate Social Responsibility Report (CSR) now
available online at www.53.com/CSR.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190515005808/en/
The cover of Fifth Third Bancorp's 2018
CSR Report. (Graphic: Business Wire)
“We have a long legacy at Fifth Third of supporting our local
communities through investments, lending, community development,
philanthropy and service,” said Chairman, President and CEO Greg D.
Carmichael. “We’ve often said that we engage in those activities
because we believe that building a strong community builds a better
bank. The reverse is also true. When Fifth Third Bank is strong, we
can put that strength to work for the communities we serve. With
the help of all of our stakeholders, that’s exactly what we did in
2018.”
The 2018 CSR Report details the ways in which Fifth Third used
its financial strength and leveraged its most tangible asset—its
employees’ generosity and commitment—to better the communities it
serves, improve lives, support employees and protect the
planet.
Included in the 2018 CSR Report:
- A Fifth Third MomentumTM and Down
Payment Assistance innovation update about the ways the Bank
addresses problems like mounting student debt and barriers to
achieving the American Dream of homeownership.
- A Community Commitment Progress
Report—$20.3 billion in its first three years—and how the Bank
boosts homeownership rates in communities of color, expands access
to capital for small businesses to start, grow and expand, and
narrows the gap in financial education and workforce
development.
- Employee engagement and wellness
stories, including testimonies of Private Bank Specialist Kristin
Cole and Commercial Services Representative Ronnie Williams about
Fifth Third’s support during life-changing experiences.
- Philanthropy and volunteerism outreach,
including efforts to provide over one million meals to feed the
hungry, funding efforts to provide summer camp experiences for
at-risk youth, and walks to foster good health, as well as $12
million in Fifth Third Foundation grants and $7 million in
corporate and employee donations to United Way.
- Environmental sustainability progress,
including the completion of the Bank’s first bold goal to protect
the planet and an update on the completion of its 100 percent
renewable energy project.
Fifth Third Executive Vice President and Chief Administrative
Officer Teresa J. Tanner, said, “It’s an honor to serve our
customers—from all walks of life, at every age and every stage, and
inclusive of everything that makes them who they are. Our goal is
to keep our customers at the center of everything we do, both
inside and outside of our Company. We hope that our 2018 CSR Report
demonstrates how we relish being a part of our communities and
consider it a privilege, one we will never take for granted.”
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio and the indirect parent company
of Fifth Third Bank, an Ohio-chartered bank. As of March 31, 2019,
Fifth Third had $168 billion in assets and operated 1,207
full-service Banking Centers and 2,559 ATMs with Fifth Third
branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida,
Tennessee, West Virginia, Georgia and North 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 March 31, 2019,
had $394 billion in assets under care, of which it managed $44
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. Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20190515005808/en/
Stacie Haas513-534-5113Stacie.Haas@53.com
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