Cincinnati - Fifth Third Bancorp (NASDAQ: FITB) has published its annual report on corporate social responsibility (CSR). It can be accessed at www.53.com/csrreport and hard copies printed on recycled paper also are available in limited quantities.
The theme of the 2015 report is Building Bridges. The concept of bridges was chosen to illustrate the Company’s desire to connect community goals with Fifth Third’s financial and employee resources to accomplish a shared vision of lives improved within healthy and sustainable neighborhoods.
The report highlights Fifth Third’s recently-announced $27.5 billion community commitment and outlines progress made on improving lives and making a difference in the way the Company serves:
Connecting consumers to necessary products and services, especially financial education, is one of the ways Fifth Third improve lives in the community. The Bank developed Express BankingSM* to specifically meet the financial needs of the underbanked. Fifth Third invests significant time and resources in its signature L.I.F.E. (Lives Improved through Financial Empowerment®) programs, and offers specialty programs like Homeowner Reemployment that bridge out-of-work consumers with employment services from NextJob.
The Company’s $27.5 billion community commitment demonstrates its seriousness in improving the well-being of the markets it serves. Through the Community and Economic Development department, Fifth Third Community Development Corporation, the Fifth Third Foundation and regional banks and community partners, Fifth Third works to create economically healthy and sustainable communities through strategic investments, grants, scholarships and sponsorships.
Fifth Third is a U.S. Small Business Administration (SBA) Preferred Lender, having made $122 million in loans in 2015. The Bank is committed to small businesses because they are critical to a healthy economy. The State Small Business Credit Initiative declared Fifth Third the nation’s top lender by dollar volume last year and Greenwich Associates named the Company a “Best Brand in Small Business Banking.” Fifth Third also support business development through philanthropic and other grants.
Named a Gallup Great Workplace for the third time in 2015, Fifth Third actively supports its inclusion councils and Business Resource Groups. The Bank is especially proud of Project SEARCH, a school-to-work transition program for people with disabilities, for which Fifth Third has earned numerous honors. The Bank also cares deeply about its employees’ financial and physical wellness, and is proud of their volunteerism in the communities the Company serves—from feeding the hungry to joining in the fight against cancer.
Fifth Third’s recently-formed Environmental Sustainability Council is helping the Company manage emerging environmental issues. The Bank is committed to reducing its carbon footprint and to green building. The Bank now operates 27 LEED-certified banking centers, recycles in about 90 percent of its retail locations and is a proud U.S. Environmental Protection Agency Green Power Partner.
For more information about the CSR Report, please visit www.53.com/csrreport.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $141 billion in assets and operates 1,254 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,593 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2015, had $297 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. 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. Member FDIC, Equal Housing Lender.
*For additional information, please visit www.53.com/express.