Fifth Third Commits $8.75 Million to Address Effects of COVID-19
March 20 2020 - 3:00PM
Business Wire
Philanthropic Funds to Focus on Relief,
Recovery and Resiliency Efforts
Fifth Third today announced an $8.75 million philanthropic
commitment to help address the effects of the COVID-19 pandemic.
The funds from the Fifth Third Foundation and the Fifth Third
Chicagoland Foundation will be deployed to meet the immediate and
long-term needs of the communities served by Fifth Third Bank.
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the full release here:
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Greg Carmichael, Fifth Third’s chairman,
president and CEO. (Photo: Business Wire)
“We are making this $8.75 million philanthropic commitment to
support the needs of our community members,” said Greg D.
Carmichael, chairman, president and CEO of Fifth Third Bank. “This
pandemic is impacting all segments of the population, especially
the most vulnerable members of our communities who may be
disproportionately affected by current events. It is our
responsibility and commitment to work with community partners and
non-profit organizations to help see our communities through the
coming stages of relief, recovery and resiliency. We will navigate
this together.”
The $8.75 million commitment is being funded by the Fifth Third
Foundation and the Fifth Third Chicagoland Foundation. Among the
areas to be funded:
Relief Funds:
- $3.25 million for COVID-19 response needs in the regions served
by Fifth Third Bank.
Recovery & Resiliency Funds:
- $5.5 million in Strengthening our Communities Fund grants to
support the long-term sustainability of our economy. This includes
funding to support small businesses, affordable housing and
homeownership, and economic development.
This $8.75 million commitment of philanthropic funds from the
Fifth Third Foundation and the Fifth Third Chicagoland Foundation
are in addition to actions already taken by Fifth Third Bank to
immediately assist customers in the wake of the pandemic. For
information, visit www.53.com/covid19.
About the Fifth Third
Foundation
Established in 1948, the Fifth Third Foundation was one of the
first charitable foundations created by a financial institution.
The Fifth Third Foundation supports worthy causes in the areas of
health and human services, education, community development and the
arts in the states where Fifth Third Bank operates.
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Stacie Haas (Media Relations) Stacie.Haas@53.com |
513-534-NEWS
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
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