Fifth Third Commits $8.75 Million to Address Effects of COVID-19

Fifth Third introduced an $8.75 million philanthropic dedication to assist handle the results of the COVID-19 pandemic. The funds from the Fifth Third Basis and the Fifth Third Chicagoland Basis can be deployed to fulfill the speedy and long-term wants of the communities served by Fifth Third Financial institution.

“We’re making this $8.75 million philanthropic dedication to assist the wants of our neighborhood members,” stated Greg D. Carmichael, chairman, president and CEO of Fifth Third Financial institution. “This pandemic is impacting all segments of the inhabitants, particularly probably the most susceptible members of our communities who could also be disproportionately affected by present occasions. It’s our accountability and dedication to work with neighborhood companions and non-profit organizations to assist see our communities by way of the approaching levels of reduction, restoration and resiliency. We’ll navigate this collectively.”

The $8.75 million dedication is being funded by the Fifth Third Basis and the Fifth Third Chicagoland Basis. Among the many areas to be funded:

Aid Funds:

$3.25 million for COVID-19 response wants within the areas served by Fifth Third Financial institution.

Restoration & Resiliency Funds:

$5.5 million in Strengthening our Communities Fund grants to assist the long-term sustainability of our financial system. This consists of funding to assist small companies, inexpensive housing and homeownership, and financial growth.

“We’re addressing the results of the COVID-19 pandemic by donating a complete of $8.75 million all through the communities we serve in Cincinnati, Chicago, Ohio, Kentucky, Indiana, Michigan, Tennessee, Georgia, Florida, North Carolina and West Virginia. These funds will go straight to assist hurting households, companies, owners and non-profits struggling financially throughout this worldwide pandemic. These grant {dollars} will supply much-needed reduction and empower our communities to get well with the resilient American spirit all of us should embrace,” stated Fifth Third Financial institution’s Byna Elliot, senior vp, chief enterprise accountability officer.
This $8.75 million dedication of philanthropic funds from the Fifth Third Basis and the Fifth Third Chicagoland Basis are along with actions already taken by Fifth Third Financial institution to right away help prospects within the wake of the pandemic. For info, go to www.53.com/covid19.

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