Fifth Third Bank Names Executive Vice President Kala Gibson Chief Enterprise Corporate Responsibility Officer & Head of Bus. ...
02 December 2020 - 4:18AM
Business Wire
Affirms Community & Economic Development
Leaders
Fifth Third Bank, National Association today announced that
Executive Vice President Kala Gibson has been named chief
enterprise corporate responsibility officer & head of Business
Banking. His role is expanding to include responsibility for
Community and Economic Development.
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the full release here:
https://www.businesswire.com/news/home/20201201005967/en/
Fifth Third Bank Executive Vice President
Kala Gibson, chief enterprise corporate responsibility officer
& head of Business Banking. (Photo: Business Wire)
“Our Company has made tremendous strides over the past five
years in the way we serve our communities,” said Tim Spence,
president of Fifth Third Bancorp. “Our Community and Economic
Development team has been at the forefront of driving this change,
with long-tenured leaders working to strengthen our relationships
within and across community organizations. I congratulate Kala on
this recognition of his abilities, performance and leadership.”
With over 30 years in the financial services industry, Gibson
has extensive experience in strategic planning, operations,
regulatory compliance, product development and relationship
management. He also has been a powerful voice in matters of
community responsibility and accountability as well as social
justice and broad social equity. He joined Fifth Third in 2011 as a
Business Banking executive in Eastern Michigan and was named head
of Business Banking in 2013.
His Business Banking leadership was integral to Fifth Third’s
ability to successfully deliver the Small Business Administration’s
Paycheck Protection Program (PPP) to more than 40,000 clients. In
addition, he was a leader on the team that delivered the Bank’s $32
billion Community Commitment. He serves as chair of the Bank’s
Executive Diversity Leadership Council.
The Bank also announced the promotion of Stefanie
Steward-Young to chief corporate social responsibility officer
and Jada Grandy-Mock to chief corporate community and
economic development officer. Steward-Young and Grandy-Mock both
were instrumental in the delivery of the Bank’s $32 billion
Community Commitment and driving the Bank’s Outstanding CRA rating.
Together, they will run daily operations of Community and Economic
Development.
Steward-Young will manage the Bank’s response to the
communities it serves and drive corporate social responsibility
strategy, a key facet of the Bank’s environmental, social and
governance (ESG) leadership. She has more than 20 years of
financial service industry experience including corporate and
regional Community Reinvestment Act (CRA) leadership, commercial
credit and branch management. Her new role will encompass corporate
social responsibility, community giving, employee volunteerism and
alignment with ESG and partners. She also will manage the service
programs that help the Bank meet its CRA requirements.
Grandy-Mock will manage Fifth Third’s comprehensive
Community Economic Development (CED) strategies. In this role, she
will have oversight of CRA compliance, CRA lending and investment
strategy, as well as development and implementation of CRA
community engagement and partnerships. In addition, she will
oversee the Bank’s multicultural strategy. Grandy-Mock has 20 years
of financial services industry experience. She joined Fifth Third
in 2008. Her work was instrumental in multiple activities and
initiatives designed to strengthen local communities and community
stakeholder engagement. Her long banking career includes experience
in commercial lending, credit risk management and regulatory
compliance.
About Fifth Third
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 September 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 September 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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version on businesswire.com: https://www.businesswire.com/news/home/20201201005967/en/
Ed Loyd (Media Relations) Dec. 1, 2020 Edgar.Lloyd@53.com |
513-534-NEWS
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
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