Fifth Third Bancorp Publishes 2016 Corporate Social Responsibility Report

10 Abr 2017, 12:02 PM CDT

Community Commitment First-Year Results, Employee Demographic Data
Included

CINCINNATI–(BUSINESS WIRE)–Fifth Third Bancorp (NASDAQ: FITB) has published its 2016 annual report
on corporate social responsibility (CSR). An interactive and responsive
report can be accessed at https://www.53.com/csrreport/.
Reports printed on recycled paper also are available in limited
quantities.

“Fifth Third Bank’s commitment to good citizenship is tangible. It is
defined, articulated and communicated in our 2016 CSR Report to help
hold us accountable to the people and communities we serve,” said Brian
Lamb, executive vice president and chief corporate social
responsibility and reputation officer. “We are pleased to have worked so
closely, and with so many across our footprint, to live the commitment
to strong citizenship. It’s what building a better kind of bank is all
about—the kind of bank that fundamentally improves the lives of
customers and the wellbeing of communities.”

Fifth Third’s 2016 CSR Report includes the first
year results of its $30 billion community
commitment, which covers the years 2016 through 2020, and provides
supporting detail of its lending, investment and service progress under
the Commitment.

The report also includes feature stories about Fifth Third Impact
Programming, including its $19.1 million in community donations,
expansions in hiring for both its mortgage and small business units, and
progress toward financially empowering people at all ages and stages of
life.

Further, the CSR Report discloses, for the first time, Fifth Third’s
employee demographic data. Fifth Third is proud to be among the first
regional banks to publicly share the data. The report also notes the
demographic data of its Board of Directors for easy accessibility.

The CSR Report is organized into five sections, which represent
constituencies of the Bank: Consumers, Communities, Businesses,
Employees and the Planet.

Consumers

Fifth Third Bank believes that lives are improved when individuals have
easy access to traditional banking products and services, have the
knowledge and tools they need to make financial decisions, and are
empowered to actively manage their financial lives. Fifth Third educated
3,700 community members through its Empower U® program, and offered its
Young Bankers Club® in all of its Consumer Bank markets for the first
time. Fifth Third also signed a multi-year contract with EverFi, Inc.,
to create a new financial education and entrepreneurship course for high
school students.

Communities

The Fifth Third Community Development Corporation invested more than
$188 million in affordable housing, small business and historic
preservation projects in 2016. It also made $19.1 million in
philanthropic donations to improve lives in the community. Fifth Third
Bank is fully committed to meeting the needs of all the communities it
serves. It embraces its obligations to invest in and serve its
communities and believes that building strong communities builds a
stronger bank.

Businesses

Fifth Third made $1.96 billion in small business loans in 2016,
including $138.7 million in SBA loans. Fifth Third made a $465,000 grant
to the Accion U.S. Network to support lending to undeserved small
businesses in Illinois, Indiana, Florida, Michigan and Ohio.

Employees

Fifth Third expanded medical coverage for additional services like
autism services and infertility treatments, and laid the groundwork for
an expanded parental leave program for Fifth Third employee parents. The
Company also made plans for its new Maternity Concierge program. Fifth
Third believes its success is entirely attributable to the team of
employees, shareholders, board members and community partners who work
together to fulfill the Bank’s Purpose to improve the lives of the
individuals and communities it serves.

Environment

Fifth Third launched a significant LED lighting retrofit program,
commenced implementation of the new OurWorkplace open office standard
and made organizational changes that will accelerate progress in the
years ahead. Fifth Third is working to drive sustainability into its
corporate culture, increase employee engagement and create value for the
customers and the communities it serves.

For more information about the CSR Report, please visit https://www.53.com/csrreport/.

Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of December 31, 2016, the Company
had $142 billion in assets and operates 1,191 full-service Banking
Centers, including 94 Bank Mart^® locations, most open seven
days a week, inside select grocery stores and 2,495 ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending, and
Wealth & Asset Management. Fifth Third also has an 18.3% interest in
Vantiv Holding, LLC. Fifth Third is among the largest money managers in
the Midwest and, as of December 31, 2016, had $315 billion in assets
under care, of which it managed $31 billion for individuals,
corporations and not-for-profit organizations. Investor
information and press
releases can be viewed at www.53.com.
Fifth Third’s common stock is traded on the NASDAQ^® Global
Select Market under the symbol “FITB.” Fifth Third Bank was established
in 1858. Member FDIC, Equal Housing Lender.