AP News, December 7, Fifth Third Bank Announces $2.8 Billion Investment to Accelerate Racial Equity, Equality and Inclusion
Fifth Third Bank, National Association announced a $2.8 billion commitment that will provide $2.2 billion in lending, $500 million in investments, $60 million in financial accessibility and $40 million in philanthropy as part of its Executive Diversity Leadership Council’s Accelerating Racial Equality, Equity and Inclusion initiative.
In 2018, the Bank invested in a fund with the National Community Reinvestment Coalition for home ownership and rehabilitation in urban communities. “Fifth Third’s leadership in the area of investing in underserved communities to prevent the widening gap of economic inequality and to help people own their own homes is a clear demonstration of the Bank’s dedication to creating wealth and helping establish stability for families,” said Jesse Van Tol, chief executive officer, National Community Reinvestment Coalition, and member of Fifth Third’s Community Advisory Forum.
