Fifth Third Bank Partners With Steady to Help Customers Find Jobs and Maximize Earnings Opportunities
June 24 2020 - 1:00PM
Business Wire
Fifth Third Bank, National Association, announced today that it
is partnering with Steady and its innovative application to help
the Bank’s customers find work and maximize their earnings
opportunities. The partnership is one of the Bank’s initiatives to
assist people who are experiencing financial hardship due to the
COVID-19 pandemic, a time when more than 44 million unemployment
claims have been filed.
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Fifth Third Bank Partners With Steady to
Help Customers Find Jobs and Maximize Earnings Opportunities
(Graphic: Business Wire)
“Our role as a bank is to empower our customers to reach their
financial goals,” said Greg D. Carmichael, chairman, president and
CEO of Fifth Third Bank. “We are excited to partner with Steady to
connect our customers with additional resources and income
opportunities, and to help them continue to move towards achieving
their goals, even in times of financial hardship that many are
experiencing with the current pandemic.”
Steady offers an application that allows consumers to build a
profile, enter their skills, and set work preferences like
geography, work hours, and pay rate. They are then matched with job
opportunities that might be a good fit and can apply to those
positions online.
“There is no doubt that our two million members face daunting
financial challenges, driven by a massive Covid-19-driven increase
in the unemployment and underemployment of both W-2 and 1099
workers,” said Steady Co-Founder and CEO Adam Roseman. “And while
the CARES Act has addressed near-term financial challenges of many,
but certainly not all, many workers will face significantly
enhanced turbulence after expanded unemployment insurance payouts
expire on July 31. That’s why solid partnerships between financial
institutions like Fifth Third Bank and Steady’s income enhancing
tools are critical in helping workers deal with economic
uncertainties.”
In addition to the Steady partnership, Fifth Third is also
making its NextJobs Job Seekers Toolkit available to the public
through January 2021, and Operation HOPE’s financial coaching
services to individuals and small businesses. Fifth Third initiated
its partnership with NextJobs in 2012. Its Toolkit is an
educational resource for those looking to enter the job market or
to secure a better job opportunity. It offers lessons and video
advice from job-search experts, hiring managers and job seekers, as
well as additional tools and activities. Operation HOPE offers
financial wellbeing coaches provide advice on financial recovery,
such as assistance with CARES Act qualifications, debt deferment,
credit counseling, recovery budgets, and guidance obtaining small
business loans and referrals for recovery support.
For more information on Steady and how Fifth Third is helping
customers impacted by COVID-19, visit www.53.com/covid.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of March 31, 2020, Fifth Third had $185 billion in
assets and operated 1,123 full-service banking centers and 2,464
ATMs with Fifth Third branding in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. In total, Fifth Third provides its customers with
access to approximately 53,000 fee-free ATMs across the United
States. Fifth Third operates four main businesses: Commercial
Banking, Branch Banking, Consumer Lending and Wealth & Asset
Management. Fifth Third is among the largest money managers in the
Midwest and, as of March 31, 2020, had $374 billion in assets under
care, of which it managed $42 billion for individuals, corporations
and not-for-profit organizations through its Trust and Registered
Investment Advisory 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. Deposit and Credit
products are offered by Fifth Third Bank, National Association.
Member FDIC.
About Steady
Launched in 2018, Steady puts tools into the hands of American
workers to help them solve their increasing income challenges
caused by massive challenges due to the impact of Covid-19, wages
not keeping up with costs of living, the reduction of available
work hours at employers due to their driving efficiencies, and
future job loss due to automation. Steady makes it easier for
workers to fill their income gaps, gain insights that help increase
earnings, and improve their overall financial well-being. To date,
the Steady app has been downloaded more than 2.7 million times. The
Steady app can be downloaded
for free from the App Store and
Google Play.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200624005686/en/
Laura Trujillo (Media Relations) Laura.Trujillo@53.com |
513-534-NEWS Chris Doll (Investor Relations)
Christopher.Doll@53.com | 513-534-2345
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