Fifth Third Bancorp - FITB STOCK NEWS

The Fifth Third Foundation has awarded $1.2 million in grants to support Black, woman-owned businesses through the Innovation Meets Main Street program. This initiative, part of an $8.75 million pledge to aid small businesses during the COVID-19 pandemic, aims to address the financial challenges faced by Black entrepreneurs.

Organizations receiving funding include LISC, which secured $1 million, and AEO, which received $200,000. The initiative has provided crucial resources to over 60 businesses across cities like Atlanta, Charlotte, and Cincinnati.

Fifth Third Bancorp (FITB) has announced the redemption of all outstanding floating rate senior notes worth $250 million, due June 4, 2021, effective May 5, 2021. Additionally, its subsidiary, Fifth Third Bank, will redeem fixed rate senior notes totaling $1.25 billion, due June 14, 2021, on May 15, 2021. Both redemptions will be executed at 100% of the principal plus accrued interest. This move demonstrates the Bancorp's ongoing commitment to managing its debt effectively.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the RBC Capital Markets Global Financials Conference on March 10, 2021, at 10:00 AM ET. CEO Greg Carmichael and CFO Jamie Leonard will represent the company. A live audio webcast along with presentation slides will be accessible on the Investor Relations section of www.53.com for approximately 14 days post-conference. As of December 31, 2020, Fifth Third Bancorp managed $434 billion in assets, supporting a range of financial services across multiple states.

Fifth Third Bank has launched Fifth Third Momentum® Banking, a comprehensive banking program designed to address everyday customer needs. Key features include a no monthly fee checking account, fraud protection, and a mobile banking app. Customers can save over $400 annually by avoiding fees associated with traditional accounts.

The service facilitates ease of account opening online and offers access to more than 50,000 ATMs nationwide. Additionally, users can earn 1.67% cash back on purchases with the Fifth Third Cash/Back Credit Card, enhancing financial benefits.

Fifth Third Bank (Nasdaq: FITB) has been named one of the 2021 World’s Most Ethical Companies by Ethisphere, marking its second recognition in the banks category. The award is based on Ethisphere’s comprehensive assessment that evaluates over 200 questions related to ethics and governance. Fifth Third continues to commit to social responsibility with a $2.8 billion initiative for racial equality and achieving carbon neutrality in 2020. The bank aims to lead in environmental, social, and governance (ESG) standards while enhancing community trust and customer experience.

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.

Fifth Third Bank launched the digital version of the Fifth Third Young Bankers Club®, aimed at teaching fifth-grade students financial literacy. This program, designed for virtual learning, allows students to learn essential money management skills online. The digital curriculum meets educational standards and features an engaging character, Maximillion Money™, guiding students through financial concepts. With a projected reach of 25,000 students in its first year, the initiative supports Fifth Third's commitment to enhancing financial education.