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Fifth Third Lights Up Hyper-Fast Electric Vehicle Chargers at Florida Branch

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Fifth Third Bank has introduced six hyper-fast electric vehicle (EV) charging stations at its eTown Banking Center in Jacksonville, Florida, marking a first for its network. The charging stations, implemented through a collaboration with Electrify America, are publicly available and can be accessed through Electrify America's mobile app. The bank currently offers 72 EV charging ports across its footprint and continues to expand its solar capacity, with the eTown location being one of more than 25 solar-powered branches. The 1,900-square-foot eTown Banking Center showcases a modern, sustainable design that integrates digital banking with in-person services.

Fifth Third Bank ha introdotto sei stazioni di ricarica per veicoli elettrici (EV) ad alta velocità presso il suo eTown Banking Center a Jacksonville, Florida, segnando una novità per la sua rete. Le stazioni di ricarica, implementate attraverso una collaborazione con Electrify America, sono disponibili al pubblico e possono essere utilizzate tramite l'app mobile di Electrify America. Attualmente, la banca offre 72 porte di ricarica per veicoli elettrici nella sua area operativa e continua ad espandere la sua capacità solare, con la posizione eTown che è una delle oltre 25 filiali alimentate da energia solare. Il eTown Banking Center, di 1.900 piedi quadrati, presenta un design moderno e sostenibile che integra servizi bancari digitali con quelli di persona.

Fifth Third Bank ha introducido seis estaciones de carga para vehículos eléctricos (EV) de alta velocidad en su eTown Banking Center en Jacksonville, Florida, marcando un hito para su red. Las estaciones de carga, implementadas a través de una colaboración con Electrify America, están disponibles públicamente y se pueden acceder a través de la aplicación móvil de Electrify America. Actualmente, el banco ofrece 72 puertos de carga para EV en su área de operación y continúa expandiendo su capacidad solar, siendo la ubicación de eTown una de más de 25 sucursales alimentadas por energía solar. El eTown Banking Center, de 1,900 pies cuadrados, cuenta con un diseño moderno y sostenible que integra la banca digital con los servicios presenciales.

Fifth Third Bank플로리다주 잭슨빌에 위치한 eTown Banking Center에 6개의 초고속 전기차(EV) 충전소를 도입하여 네트워크의 첫 번째 사례를 만들었습니다. 이 충전소는 Electrify America와의 협력을 통해 구현되었으며, 공공 이용이 가능하고 Electrify America의 모바일 앱을 통해 접근할 수 있습니다. 현재 은행은 운영 지역에 72개의 EV 충전 포트를 제공하고 있으며, 25개 이상의 태양광 발전으로 운영되는 지점 중 하나인 eTown 위치에서 태양광 용량을 지속적으로 확장하고 있습니다. 1,900평방피트 규모의 eTown Banking Center는 디지털 뱅킹과 대면 서비스를 통합한 현대적이고 지속 가능한 디자인을 보여줍니다.

Fifth Third Bank a ouvert six stations de recharge pour véhicules électriques (EV) ultra-rapides dans son eTown Banking Center à Jacksonville, Floride, marquant ainsi une première pour son réseau. Les stations de recharge, mises en œuvre grâce à une collaboration avec Electrify America, sont accessibles au public et peuvent être utilisées via l'application mobile d'Electrify America. Actuellement, la banque propose 72 ports de recharge pour véhicules électriques dans son domaine d'activité et continue d'élargir sa capacité solaire, avec l'emplacement eTown étant l'une des plus de 25 succursales alimentées par énergie solaire. Le eTown Banking Center, d'une superficie de 1 900 pieds carrés, présente un design moderne et durable intégrant les services bancaires numériques avec des services en personne.

Fifth Third Bank hat sechs superschnelle Ladestationen für Elektrofahrzeuge (EV) in ihrem eTown Banking Center in Jacksonville, Florida eingeführt, was einen ersten Schritt für ihr Netzwerk darstellt. Die Ladestationen, die durch eine Zusammenarbeit mit Electrify America umgesetzt wurden, sind öffentlich zugänglich und können über die mobile App von Electrify America erreicht werden. Die Bank bietet derzeit 72 EV-Ladeports in ihrem Geschäftsbereich an und erweitert weiterhin ihre Solarkapazität, wobei der Standort eTown einer von mehr als 25 solarbetriebenen Filialen ist. Das 1.900 Quadratfuß große eTown Banking Center präsentiert ein modernes, nachhaltiges Design, das digitales Banking mit persönlichen Dienstleistungen verbindet.

Positive
  • Expansion of sustainable infrastructure with new EV charging stations
  • Strategic partnership with Electrify America, the largest hyper-fast charging network in U.S.
  • Growing solar-powered branch network, planned to double in the next year
  • 100% renewable power usage since 2019
Negative
  • None.

Insights

This initiative represents a strategic move into sustainable infrastructure, but with minimal direct financial impact on Fifth Third's core banking business. The installation of 6 hyper-fast EV charging stations at one location, while innovative, is primarily a brand positioning effort rather than a revenue driver. The broader sustainability program, including 72 EV charging ports across their footprint and solar-powered branches, demonstrates environmental commitment but represents a small portion of their $31.3B market cap operations.

The expansion of solar-powered branches from 25 to approximately 50 in the next year shows continued investment in sustainability infrastructure. However, these initiatives, while positive for ESG metrics and customer perception, are unlikely to materially impact the bank's financial performance or stock value in the near term. The real value lies in long-term brand building and potential regulatory compliance preparation.

Fifth Third’s eTown Banking Center in Jacksonville, Florida First in Network to Introduce Hyper-Fast Charging Stations

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bank continues its historic clean energy progress today by introducing hyper-fast electric vehicle (EV) chargers for the first time at one of its banking centers. Fifth Third is making six hyper-fast charging stations publicly available at its eTown location in Jacksonville, Florida to better serve current EV owners and those considering transitioning to an EV.

Fifth Third's eTown branch features six hyper-fast EV chargers. (Photo: Business Wire)

Fifth Third's eTown branch features six hyper-fast EV chargers. (Photo: Business Wire)

Through a collaboration with Electrify America, the largest open Hyper-Fast charging network in the U.S., EV drivers can charge at the new eTown station and manage their fast-charging plan through Electrify America’s industry-leading mobile app. The eTown station is featured on Electrify America’s "locate a charger" map, which includes more than 1000 stations and over 4,400 chargers in the U.S. and Canada.

In addition to the hyper-fast chargers, Fifth Third offers 72 EV charging ports across its footprint. Fifth Third also continues to expand its solar capacity across new branches. Fifth Third’s eTown location will be one of more than 25 branches now powered by solar with plans to more than double that amount in the next year. Fifth Third continues to open new locations across the Southeast in the Carolinas, Tennessee, Georgia and Florida.

The eTown Banking Center is a model for sustainability and occupies a modest 1,900 square feet. Fifth Third redesigned its branches to seamlessly blend a customer’s digital experience with any banking they would prefer to do in-person, including discussions about college savings plans, mortgages, or retirement solutions. In the new, streamlined banking centers, traditional transaction space has given way to a compact, modular design with flexible meeting and seating areas that offer adjustable layers of privacy.

“We’re thrilled to be offering the convenience of rapid charging at eTown to meet the demands of our customers who drive electric,” said Thomas Neltner, director of enterprise workplace services and chief security officer for Fifth Third.

Since 2019, Fifth Third has purchased 100% renewable power, which started as a result of a virtual power purchase agreement that launched the 80 MW Aulander Holloman solar facility in North Carolina. In 2023, solar power generation from the facility was more than 190,000 megawatt hours – enough to power over 25,000 homes, or the equivalent of emissions from over 29,000 gas-powered vehicles.

As part of the bank’s commitment to provide transparency and data aligned to industry standards for all its stakeholders, Fifth Third has published its sustainability data in its 2023 Sustainability Report, which aligns with the GRI Index, the SASB standards, and the Stakeholder Capitalism Metrics index.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

Sophie Isherwood (Media Relations)

sophie.isherwood@53.com

Matt Curoe (Investor Relations)

matthew.curoe@53.com | 513-534-2345

Source: Fifth Third Bank

FAQ

How many EV charging stations has Fifth Third Bank (FITB) installed at its eTown location?

Fifth Third Bank has installed six hyper-fast EV charging stations at its eTown Banking Center in Jacksonville, Florida.

How many EV charging ports does Fifth Third Bank (FITB) have across its network?

Fifth Third Bank currently offers 72 EV charging ports across its network footprint.

How many Fifth Third Bank (FITB) branches are powered by solar energy?

More than 25 Fifth Third Bank branches are currently powered by solar energy, with plans to more than double that number in the next year.

When did Fifth Third Bank (FITB) achieve 100% renewable power usage?

Fifth Third Bank has been using 100% renewable power since 2019, following a virtual power purchase agreement with the Aulander Holloman solar facility in North Carolina.

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