Fifth Third Bank Expands Community Outreach with Debut of eBus II; Bank Acquires Second Financial Empowerment Mobile
August 15 2011 - 1:32PM
Business Wire
Fifth Third Bank today announces the deployment of eBus
II, a second mobile financial classroom on wheels, to help meet
the financial challenges facing low- and moderate-income
communities and high minority neighborhoods. It will debut on
Wednesday, August 17th in Detroit, MI.
Fifth Third's eBus II debuts on August
17, 2011. (Photo: Business Wire)
Since 2004, community partners across Fifth Third’s Midwest and
Southeast footprint have joined together with the Bank in offering
this unique and innovative solution to meet the financial needs of
underserved populations. Both eBuses are 40-foot retrofitted buses
equipped with computer workstations with Internet connectivity
powered by satellite technology.
The first eBus, which was originally known as the Homeownership
Mobile, has operated in over 150 cities for seven years. It was
recently renamed the Fifth Third Empowerment Mobile to reflect its
expanded mission to not only open access to homeownership
opportunities but to bring quality financial counseling and
services directly to neighborhoods. The highly sought-after tours
of the first eBus identified a need for Fifth Third to expand its
services and reach.
Louise Gissendaner, Fifth Third Bank vice president and
community outreach manager, said, “The acquisition and deployment
of eBus II represents another major technology investment in
community outreach and service. The operation of two eBuses enables
us to develop deeper, stronger community relationships with
financial and homeownership education agencies and enables us to
program more days for the buses to operate in critical
markets.”
A marquee community development initiative for Fifth Third, the
eBuses are mobile classrooms that offer credit counseling,
homeownership education, foreclosure prevention, financial
education and products to people where they live, work and worship.
In addition to helping the Bank fulfill its obligations under the
Community Reinvestment Act (CRA), the buses are a means for the
Bank to expand access to needed products and services within its
markets on a more concentrated basis.
eBus II, like the first eBus, will be staffed with local Fifth
Third Bank community development managers, mortgage professionals
and retail bankers. They also are staffed by community influencer
organizations and tours are arranged with partner community
organizations to encourage an informal and relaxed environment for
bus guests. Since its first eBus tour in 2004, Fifth Third has
partnered with over 925 non-profit and government agencies to serve
a diverse population of more than 3.5 million people. Through its
eBus initiative, the Bank has better equipped consumers with the
skills and tools they need to make informed decisions that
contribute to their financial well-being and fulfill their dreams.
There is a schedule of eBus and eBus II tour stops available
online.
Fifth Third Bank has dedicated itself to financial empowerment.
Its signature programming has worked to educate individuals of all
ages in the ways of personal finance in order to affect positive
change and give people the financial knowledge and access they need
to accomplish their personal goals. Fifth Third Bank operates its
Young Bankers Club financial literacy education initiative for
fifth-grade students and sponsors Dave Ramsey’s Foundations in
Personal Finance curriculum for high school students in 1,000
schools throughout its footprint. The Bank also deploys its eBus
mobile classrooms to take financial education and access to
services into underserved communities.
Fifth Third Bancorp (NASDAQ: FITB) is a diversified financial
services company headquartered in Cincinnati, Ohio. The Company has
$111 billion in assets and operates 15 affiliates with 1,314
full-service Banking Centers, including 103 Bank Mart® locations
open seven days a week inside select grocery stores and 2,432 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 a 49% interest in Vantiv, LLC, formerly Fifth Third
Processing Solutions, LLC. Fifth Third is among the largest money
managers in the Midwest and, as of June 30, 2011, had $276 billion
in assets under care, of which it managed $25 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." Equal Housing Lender.
Member FDIC.
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