Kala Gibson Named to National Board to Advance Minority-owned Businesses
December 18 2018 - 03:30PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) congratulates Kala Gibson,
senior vice president and head of business banking, on his
appointment to the board of directors for the National Minority
Supplier Development Council. The NMSDC advances opportunities for
certified minority-owned business enterprises by connecting them to
strategic sourcing leaders at large corporations.
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Kala Gibson, Fifth Third Senior Vice
President and Head of Business Banking (Photo: Business Wire)
Gibson’s appointment to the NMSDC is a natural extension of his
passion and dedication to deepen partnerships and expand access to
capital for minority- and women-owned businesses. Fifth Third
spends hundreds of millions of dollars annually in goods and
services, ranging from facility-management services to information
technology and office supplies. Awarding more of these contracts to
diverse businesses has been a major focus of the Bank’s Strategic
Sourcing department.
“Kala Gibson has been instrumental in helping Fifth Third
develop and implement strategies to help small businesses and
diverse businesses succeed,” said Greg D. Carmichael, chairman,
president and CEO of Fifth Third Bank. “His election to the NMSDC’s
board of directors is a testament to his tireless efforts to help
owners of diverse businesses compete and thrive.”
Gibson is instrumental in implementing Fifth Third Bank’s
Community Commitment, which has pledged $11.1 billion to small
business lending through 2020. This year, the Bank made an
additional $5 million investment in the Community Reinvestment Fund
to expand access to capital, financial management skills, lending
tools and continuing education for small business owners in low-
and moderate-income communities.
“I’ve always believed that a diverse small business community is
a strong small business community,” Gibson said. “It’s incredibly
gratifying to put that belief into practice every day. The NMSDC
will allow me to contribute at an even higher level, and I’m
honored by the opportunity.”
Gibson has more than 26 years of banking industry experience,
including senior leadership roles in retail, community, small
business and asset-based lending. He currently oversees strategic
planning, operations, sales force and product for the Business
Banking division at Fifth Third, the 13th-largest bank in the
nation. In addition to the NMSDC, he volunteers his time to the
Charles H. Wright Museum of African-American History board,
Business Banking Executive Circle, Consumer Banker Association
Small Business Committee, Cincinnati ArtsWave Regional Grant Review
Committee and National Underground Railroad Freedom Center.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of September 30, 2018, the
Company had $142 billion in assets and operates 1,152 full-service
Banking Centers, and 2,443 Fifth Third branded ATMs 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 September 30, 2018, had
$376 billion in assets under care, of which it managed $38 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.”
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Sean Parker, APR(513) 534-NEWS
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