Fifth Third Bancorp - FITB STOCK NEWS

Fifth Third Bank has been named one of America's Greatest Workplaces for LGBTQ+ 2024 by Newsweek and Plant-A Insights Group. This recognition highlights the bank's commitment to creating an inclusive and supportive environment for its employees. Chief Human Resources Officer Nancy Pinckney emphasized the importance of inclusion in the workplace for the company's success. The award is based on an extensive study that included public data, HR discussions, and large-scale confidential employee surveys among U.S. companies with more than 500 employees in 2023 and more than 1,000 employees in 2022. Chief Inclusion Officer Stephanie A. Smith noted that the award reflects Fifth Third's dedication to fostering a diverse and respectful workplace. Newsweek's Global Editor in Chief Nancy Cooper added that inclusivity is important for business innovation and growth.

Fifth Third Bank has launched a new Dallas-based Fifth Third Wealth Advisors office, marking the eighth location for its independent Registered Investment Advisor subsidiary. The firm has surpassed $1 billion in assets under management within 18 months of its inception. Fifth Third Wealth Advisors provides a flexible investment management platform and access to additional services like trust powers, credit, and planning. The firm supports advisor teams across various locations, providing seamless back-office support and dedicated onboarding resources to enhance client relationships.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Bernstein Strategic Decisions Conference on May 29, 2024, at approximately 3:30 PM ET. Tim Spence, the company's chairman, CEO, and president, will represent Fifth Third at the event. The conference will be webcast live, and the presentation slides will be available on the company's Investor Relations website for about 14 days post-event.

Fifth Third Bancorp, established in 1858, is renowned for its innovation in banking services. The company aims to be the nation's highest-performing regional bank, recognized for its ethical practices and customer trust. Fifth Third Bank, National Association, is a federally chartered institution, and its common stock trades on NASDAQ under the symbol 'FITB.'

Fifth Third (NASDAQ:FITB) and Bottomline have launched Enhanced Payables, a new payables solution powered by Paymode-X. This offering aims to streamline payment processes, improve cash flow management, and boost operational efficiency.

Notable features include invoice automation, virtual card payments, and various ACH payment options. Bottomline data shows over 50% of businesses using Paymode-X cut processing costs by half, with 8 out of 10 increasing rebates on accounts payable by 50% or more.

The collaboration highlights Fifth Third's commitment to providing innovative business payment solutions.

Fifth Third's Financial Empowerment Mobile, the eBus, is enhancing its services for 2024 to provide immediate checking account opening, private consultation pods, computer workstations, and broader financial resources in underserved communities. The collaboration with SpringFour aims to connect visitors to thousands of free financial wellness resources, supporting 14 categories of assistance. The eBus tour starts in Ohio, offering vital support to community members in need.

Fifth Third Bank has been recognized as one of the 100 Best Adoption-Friendly Workplaces by the Dave Thomas Foundation for Adoption. The bank increased its adoption reimbursement to $15,000 per adopted child, offering up to $45,000 in reimbursements. Fifth Third provides various family benefits, such as a maternity concierge, infertility coverage, and paid time off programs. This recognition showcases the bank's commitment to supporting employees in building their families through adoption.

Fifth Third Bank celebrated 'Fifth Third Day' by giving $1,053 to 115 babies born on May 3 in selected Tampa Bay and Northeast Ohio hospitals, for their 529 college savings accounts. Regional presidents and local celebrities greeted new parents and provided a care package. Since 2017, over 600 babies have received this gift, aiming to alleviate the burden of future education costs, which can exceed $146,000 for a four-year college. Parents are encouraged to start saving early through 529 plans.

Fifth Third Bank's employees and customers will celebrate 'Fifth Third Day XXXIII' by volunteering and donating to fight food insecurity, providing millions of meals to communities facing hunger. Since 1991, the Bank has recognized Fifth Third Day, with this year's theme focusing on food insecurity. In 2022, 44 million people, including over 13 million children, faced hunger. The Bank will provide 1.5 million meals through Feeding America and offer opportunities for customers and employees to support hunger relief. The eBus initiative will tour Ohio, offering enhanced services and community resources. Fifth Third will also gift $1,053 to families of babies born on Fifth Third Day to open a 529 college savings account.

Fifth Third Bank joins Mastercard's Priceless Planet Coalition to restore 100 million trees by 2025, contributing to 10,000 trees. The initiative focuses on tree restoration across six continents with 18 projects, including one in Kentucky. The bank's commitment to combat climate change aligns with its corporate sustainability priorities, emphasizing the importance of reforestation in addressing environmental challenges.