Welcome to our dedicated page for Fifth Third Bancorp news (Ticker: FITB), a resource for investors and traders seeking the latest updates and insights on Fifth Third Bancorp stock.
Fifth Third Bancorp (symbol: FITB) is a diversified financial-services company headquartered in Cincinnati, Ohio. With over $200 billion in assets, the company operates an extensive network of full-service banking branches and ATMs across Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp is dedicated to providing a wide range of financial services, including commercial banking, consumer lending, and investment advisory services.
Fifth Third Bank, a core subsidiary of Fifth Third Bancorp, is committed to innovation and community service. The bank is an affirmative action/equal opportunity employer and prides itself on fostering a diverse and inclusive workplace. Recent achievements include the introduction of new digital banking solutions and strategic partnerships aimed at enhancing customer experience and expanding service offerings.
The company is continually involved in numerous community-building initiatives through the Fifth Third Foundation, which supports various educational, health, and human services programs. Financially, Fifth Third Bancorp maintains a strong balance sheet, with a focus on sustainable growth and shareholder value. The company's commitment to listening to new ideas and responding to customer and community needs underscores its mission to strengthen its service offerings continually.
Stay updated with the latest developments, financial performance, and news related to Fifth Third Bancorp by regularly checking trusted sources like Fifth Third Bank and the Fifth Third Foundation.
Fifth Third Bancorp (NASDAQ: FITB) has announced a redemption notice for all outstanding 3.500% fixed rate senior notes due March 15, 2022, totaling $500 million. The redemption is scheduled for February 13, 2022, at 100% of the principal amount plus accrued interest. This move is aligned with the company's financial strategy as it continues to manage its liabilities efficiently.
Fifth Third Bancorp (NASDAQ: FITB) will present at the Goldman Sachs U.S. Financial Services Conference on December 8, 2021, at 8:40 AM ET. President Tim Spence and CFO Jamie Leonard will represent the company. A live audio webcast and presentation slides will be available on the Investor Relations section of www.53.com for 14 days following the event. As of September 30, 2021, Fifth Third Bancorp has $208 billion in assets and operates 1,100 banking centers across several states, providing access to approximately 52,000 fee-free ATMs nationwide.
Fifth Third Bancorp (NASDAQ: FITB) announced that its subsidiary, Fifth Third Bank, has submitted a notice for the redemption of $300 million in floating rate senior notes due February 1, 2022. The redemption will occur on January 3, 2022, at 100% of the principal amount, plus accrued interest. As of September 30, 2021, Fifth Third Bancorp held $208 billion in assets and managed $541 billion in assets under care. The bank operates extensively with 1,100 full-service banking centers and 52,000 fee-free ATMs across the U.S.
Fifth Third Bank has appointed Craig Harter as the new head of auto lending, succeeding Peter Kidd, who is retiring in spring 2022. Harter returns with over 30 years of experience in banking and automotive lending, including previous roles at Fifth Third from 2004 to 2010 and most recently as head of indirect lending at a regional bank. Fifth Third is one of the leading bank originators of indirect auto loans in the U.S., with a strong dealer network across 40 states.
Fifth Third Bank announced a special payment of $1,250 for full-time employees providing essential banking services during the pandemic, marking the second recognition of its kind. Over 7,500 employees are eligible, with part-time workers receiving $625. The Bank has maintained 99% of its financial centers open and introduced competitive benefits including additional vacation days and improved time-off policies. As of Sept. 30, 2021, Fifth Third had $208 billion in assets and operates over 1,000 banking centers across the U.S.
Fifth Third Bank announced 13 technology grants of $10,000 each to various schools and nonprofit organizations participating in its digital Young Bankers Club program. This initiative aims to enhance financial education for fifth-grade students. The Young Bankers Club, redesigned for digital delivery, includes a comprehensive curriculum meeting national standards. As of
Fifth Third Bancorp has successfully issued its inaugural Green Bond worth
Fifth Third Bancorp (NASDAQ: FITB) will participate in the 2021 BancAnalysts Association of Boston Conference on November 5, 2021, at 8:50 AM ET. The company will be represented by Tim Spence, President, and Jamie Leonard, CFO. The conference will be webcast live, accessible via the Fifth Third Investor Relations website. As of September 30, 2021, Fifth Third Bancorp had $208 billion in assets and operates over 1,100 banking centers, providing access to approximately 52,000 fee-free ATMs across the U.S.
3BL Media has awarded Greg D. Carmichael, chairman and CEO of Fifth Third Bank, the 2021 Responsible CEO of the Year for Community Impact. Under Carmichael's leadership, the bank exceeded its five-year commitment to invest $32 billion in communities, delivering $41.6 billion in support. Fifth Third achieved carbon neutrality in 2020 and aims for $8 billion in sustainable financing by 2025. The bank also initiated a $2.8 billion Racial Equality, Equity and Inclusion initiative, pledging $180 million for revitalizing majority-Black communities.
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