Fifth Third Executive Vice President Joins National Urban League Board of Directors

Rhea-AI Summary

Kala Gibson, chief enterprise corporate social responsibility officer at Fifth Third Bank, has joined the National Urban League’s Board of Directors. Gibson, with over 30 years in the financial services sector, played a key role in delivering $5.4 billion through the PPP and led the bank’s $32 billion Community Commitment. His appointment aims to enhance economic justice and workforce development in underserved communities. Gibson's leadership is expected to positively impact Fifth Third's community engagements, particularly in racial equity initiatives.

Positive

• Gibson's extensive experience in financial services enhances Fifth Third’s community engagement.
• His leadership was key in delivering $5.4 billion in PPP to over 40,000 clients.
• Expected positive impact on economic justice initiatives and support for underserved communities.

Negative

• None.

Kala Gibson, chief enterprise corporate social responsibility officer and head of Business Banking at Fifth Third Bank has joined the National Urban League’s Board of Directors.

Kala Gibson, chief enterprise corporate social responsibility officer and head of Business Banking, Fifth Third Bank (Photo: Business Wire)

Board members are responsible for determining the organization’s mission and purpose, delivering transparent, strategic and collaborative trustee governance, providing counsel, advice and encouragement to staff and representing and advocating for the organization and its work in the community.

“Kala’s extensive experience in the financial services industry, particularly in the area of community responsibility and racial equity, make him the perfect addition to our Board of Trustees,” said National Urban League President and CEO Marc H. Morial. “With his expertise and guidance, we will be able to enhance and expand our mission of economic justice.”

With more than 30 years in the financial services industry, Gibson has extensive experience in strategic planning, operations, regulatory compliance, product development and relationship management. He oversees strategic planning, operations, sales force and products for Business Banking. He also has been a powerful voice in matters of community responsibility and accountability, as well as social justice and equity. He joined Fifth Third in 2011 as a Business Banking executive in Eastern Michigan and was named head of Business Banking in 2013. He was named chief enterprise corporate social responsibility officer in 2020.

His Business Banking leadership was integral to Fifth Third’s ability to successfully deliver $5.4 billion in the Small Business Administration’s Paycheck Protection Program (PPP) to more than 40,000 clients in 2020. Gibson was a leader on the team that delivered the Bank’s $32 billion Community Commitment and serves as chair of the Bank’s Executive Diversity Leadership Council.

As an active member of the community, Gibson dedicates his time and expertise to a variety of causes including the Charles H. Wright Museum of African-American History, the National Underground Railroad Freedom Center and the Business Banking Executive Circle. He serves on the board for ArtsWave and the National Minority Supplier Development Council, and is the president for the board of MORTAR, an entrepreneurship organization. He has received several awards for his civic and professional contributions, including Fifth Third Bank Leader of the Year, Fifth Third Bank Community Commitment, the Michigan Chronicle’s Men of Excellence and Crain’s Detroit Business 40 Under 40.

“I am looking forward to serving on the National Urban League’s Board as we focus on workforce development programs and the availability of pathways for economic stability and growth in minority and underserved communities,” said Gibson. Gibson’s appointment to the board will last for three years.

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 Dec. 31, 2020, Fifth Third had $205 billion in assets and operated 1,134 full-service banking centers and 2,397 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 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 Dec. 31, 2020, had $434 billion in assets under care, of which it managed $54 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210212005496/en/

FAQ

What is Kala Gibson's role at Fifth Third Bank?

Kala Gibson is the chief enterprise corporate social responsibility officer and head of Business Banking at Fifth Third Bank.

What organization has Kala Gibson joined?

Kala Gibson has joined the National Urban League’s Board of Directors.

How long will Kala Gibson serve on the National Urban League’s Board?

Kala Gibson's appointment to the board will last for three years.

What contributions did Kala Gibson make to Fifth Third Bank?

Gibson played a crucial role in delivering $5.4 billion in the Paycheck Protection Program and led the bank’s $32 billion Community Commitment.

How does Gibson's appointment affect Fifth Third Bank's mission?

Gibson's appointment is expected to enhance Fifth Third Bank's focus on economic justice and support for minority and underserved communities.