Press release
Fifth Third Bank Announces $2.8 Billion Investment to Accelerate Racial Equity, Equality and Inclusion
Bank introduces innovative neighborhood fund as part of equality plans CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bank, National Association today announced a
About this update from Fifth Third Bancorp
[{"type":"text","content":"\n Bank introduces innovative neighborhood fund as part of equality plans\n\n CINCINNATI--(BUSINESS WIRE)--\nFifth 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.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201207005778/en/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. (Photo: Business Wire)\nThe three-year pledge focuses on three constituents: employees, customers and communities. Each vertical has a specific emphasis on accelerating the Bank’s progress toward an equitable environment for Black Americans.\n\n“As we continue to make meaningful strides in advancing inclusion and diversity in our industry and in our communities, Fifth Third is committed to maintaining and extending its leadership and making a difference for our Black customers, communities and employees,” said Greg Carmichael, Chairman and CEO. “The dedicated investment, philanthropy and lending efforts will help accelerate our progress toward promoting equality, equity and inclusion, both within the Bank and in our communities, launching with a $2.8 billion commitment.”\n\nThe $2.8 billion commitment is focused on four strategic pillars that directly impact customers and communities with targeted outcomes enabling the Bank to track progress and measure success in the following areas:\n\n\nStrategic Investments: Fifth Third will engage in comprehensive neighborhood revitalization to help improve outcomes and quality of life indicators for communitie...