Fifth Third Launches Small Towns & Small Cities Initiative to Advance Community & Economic Development

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[{"type":"text","content":"\nLima, Ohio selected as the first location for investment\n\n\n LIMA, Ohio--(BUSINESS WIRE)--\nFifth Third (NASDAQ: FITB) today announced that Lima has been selected as the first community in the Bank’s new Small Towns & Small Cities initiative, a place-based community and economic development program designed to support communities with a history of disinvestment. The four-year commitment will bring Fifth Third’s capital, expertise and partnerships to advance Lima’s locally led priorities in housing and homeownership, small business, workforce development and infrastructure.\n\n\nFifth Third’s Small Towns & Small Cities initiative builds on the momentum of the Fifth Third Neighborhood Program, which since 2021 has invested nearly $410 million in urban communities across the U.S. and helped catalyze an additional $200 million from partners. Lima represents the next chapter in this momentum.\n\n\n“This partnership reflects Fifth Third’s belief that economic mobility is built locally – block by block, business by business, family by family,” said Kala Gibson, chief corporate responsibility officer for Fifth Third. “Lima is a resilient community, and under Mayor Sharetta Smith’s leadership, the city is gaining transformational momentum. We’re proud to invest our capital, expertise and partnerships to help accelerate local priorities and deliver lasting opportunities for residents.”\n\n\nLima is a resilient community with a proud industrial tradition, strong local leadership, and a clear vision for the future. With the launch of Mayor Smith’s Better Together Plan, the city is building momentum toward revitalization and renewed opportunity. Fifth Third’s partnership will build on that momentum, supporting community-led efforts to modernize housing, improve infrastructure, and help increase economic mobility for Lima’s residents and small businesses.\n\n\n“Lima is honored to be selected as the first community in Fifth Third’s Small Towns & Small Cities initiative, and we’re grateful for a partner that understands economic mobility is built at the local level — on our blocks, in our neighborhoods, and through the success of our small businesses and working families,” said Mayor Sharetta Smith. “This four-year commitment aligns with our Better Together Plan and accelerates the work we’re leading to expand homeownership, strengthen work...

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