Community and Economic Development is comprised of the Community Reinvestment and Fair and Responsible Lending Divisions. Employees are located throughout the Fifth Third Bank footprint. We partner with Bank and affiliate leadership to ensure the credit needs of consumers and communities within our assessment areas are responsibly and fairly served and that applicable regulatory requirements are met. If this type of work aligns with your career goals, consider a career within Community Affairs at Fifth Third Bank.
The Federal Community Reinvestment Act (CRA) was enacted in 1977 to encourage lending institutions to help meet the credit needs of the local communities, including low- and moderate-income neighborhoods, in which they are located. In other words: "Banks should make loans in areas where they are taking deposits." After 34 years, the regulation has expanded to include provisions for making community development loans, purchasing of supporting investments, branching activity, and providing services to the community as well.
CRA professionals are located in each affiliate and are responsible for reaching out to determine the credit needs of consumers and businesses in those areas. This information is invaluable in helping Fifth Third Bank to design lending and deposit products that best serve the needs of the community. Additionally, the CRA leadership team is comprised of professionals located at the Bank.
Responsible for overseeing the Bank's compliance with the technical requirements of CRA by ensuring accurate and timely CRA data collection, analysis, and reporting to internal and external stakeholders.
Responsible for overall CRA performance, specifically through the performance of the affiliate CRA managers who actively manage community activities in each affiliate.
Responsible for leading CRA initiatives across the organization, with particular focus on outreach efforts that impact our entire footprint.
Responsibilities include developing and executing strategic responses to critical community development needs, as well as tactical responsibilities for executing such improvement plans and programs.
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