Fifth Third Bancorp convened the inaugural meeting of its
newly-formed national Community Advisory Forum (CAF) on May 12.
Later this month, Fifth Third will convene five regional community
advisory forums in Florida, Illinois, Michigan, North Carolina and
Ohio.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170515006105/en/
The Fifth Third Bancorp national
Community Advisory Forum. (Photo: Business Wire)
The convening of the Community Advisory Forums, or CAFs,
fulfills a key promise made in Fifth Third’s $30 billion
community commitment. The five-year plan is designed to make
a long-lasting positive impact in the lives of individuals within
communities served by Fifth Third, particularly those in low- and
moderate-income neighborhoods. The commitment includes mortgage
lending, small business lending, micro-lending, community
development lending and investments, as well as Fifth Third Impact
Initiatives, including philanthropy, financial empowerment
programming, branches and staffing, and inclusion and diversity.
Fifth Third invested $7.88 billion, or 26.3 percent, of the
commitment in 2016, as announced in its first-year results
report.
Fifth Third’s national CAF is chaired by Fifth Third Bancorp
Executive Vice President Brian Lamb. It has 18 members who
will meet three times per year. The first meeting was held in the
Bank’s headquarters city of Cincinnati, Ohio. The five regional
CAFs consist of 75 community leaders and meet twice per year. They
are chaired by Fifth Third’s regional community and economic
development managers.
The CAFs continue a long-standing tradition of Fifth Third’s
engagement with community leadership. Over the course of 2016,
Fifth Third leadership held 154 community engagement sessions, with
the majority of those conducted with organizations affiliated with
the National Community Reinvestment Coalition.
“Convening our community advisory forums is a strategic part of
how Fifth Third is keeping the customer at the center of everything
we do,” said Lamb. “The members of our national and regional forums
represent our 10 Consumer Bank states and their work in our
communities will help guide our actions to ensure we are best
meeting their needs.”
Lamb continued, “When we made our $30 billion community
commitment, we pledged to assemble advisory forums and work with
community leadership to affect positive change. Fulfilling this
pledge brings together a national CAF with a combined 470 years of
experience in community development. We are poised to accomplish
great things together.”
Dory Rand, president of Woodstock Institute, a financial justice
research and policy nonprofit based in Chicago, said, “I am excited
to participate in Fifth Third’s national Community Advisory Forum
because their $30 billion community commitment, which Woodstock and
the National Community Reinvestment Coalition helped develop, will
result in significant investments in and benefits to underserved
low- and moderate-income communities, including new branches and
increased small business lending. All of this will help create jobs
and provide needed community amenities.”
The members of the national CAF include:
Farad Ali Carolyn E. Mosby
President and CEO President & CEO The Institute of Minority
Economic Development Midstates Minority Supplier Diversity Council
Durham, North Carolina Indianapolis, Indiana
Kay
Bowers Susan Porciau Executive Director Director of
Homeless Training and Technical Assistance New Level Community
Development Corporation Florida Housing Coalition Nashville,
Tennessee St. Petersburg, Florida
S. Barbara Busch
Keith Rachey Executive Director of Housing Development
Senior Vice President & COO Working in Neighborhoods Community
Reinvestment Fund USA Cincinnati, Ohio Minneapolis, Minnesota
Kimberlee R. Cornett Dory M. Rand Social
Investment Practice Managing Director President The Kresge
Foundation Woodstock Institute Troy, Michigan Chicago, Illinois
Catherine Hope Crosby Mary Fran Riley
Executive Director Senior Vice President for External Affairs City
of Dayton Human Relations Council Accion Chicago Dayton, Ohio
Chicago, Illinois
Kevin L. Dunlap J. Jacob
Sipe Executive Director Executive Director REBOUND, Inc.
Indiana Housing and Community Development Authority Louisville,
Kentucky Indianapolis, Indiana
Kate S. Little John
Taylor President & CEO President & CEO Georgia
Advancing Communities Together, Inc. National Community
Reinvestment Coalition Atlanta, Georgia Washington, D.C.
Inez Long Chris Uhl President & CEO Vice
President of Community Investments BBIF Florida Rock Ventures, LLC
(A Quicken Loan Company) Orlando, Florida Detroit, Michigan
Mark J. McDermott Eric Watson Vice President, Ohio
Market Leader President & CEO Enterprise Community Partners
Carolinas Virginia Minority Supplier Development Council Cleveland,
Ohio
Charlotte, North Carolina
More information about the Community Commitment is available in
the Company’s 2016 Corporate Social Responsibility Report
and at www.53.com/commitment.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2017, the
Company had $140 billion in assets and operated 1,155 full-service
Banking Centers and 2,471 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending, and Wealth
& Asset Management. As of March 31, 2017, Fifth Third also had
a 17.8 percent interest in Vantiv Holding, LLC. Fifth Third is
among the largest money managers in the Midwest and, as of March
31, 2017, had $323 billion in assets under care, of which it
managed $33 billion for individuals, corporations and
not-for-profit organizations through its Trust, Brokerage and
Insurance 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. Member
FDIC, Equal Housing Lender.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170515006105/en/
Fifth Third BancorpStacie Haas,
513-534-5113Stacie.Haas@53.com
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Apr 2023 to Apr 2024