Articles from Fifth Third Bank

Fifth Third Private Bank, a division of Fifth Third Bank (NASDAQFITB), was named as a Best Private Bank (US, Regional) for the sixth consecutive year. In addition, the Private Bank was named Best Private Bank for Entrepreneurs (Globally) for the second year. The honors were announced by Global Finance for the 2025 World’s Best Private Bank Awards.

Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.50%, effective immediately.

Recently Fifth Third Bank (NASDAQFITB) unveiled plans to expand its retail branch footprint by opening more than 200 branches over the next four years, primarily in fast-growing Southeast markets. Speaking to investors at the BancAnalysts Association of Boston Conference on November 8, Chief Operating Officer Jamie Leonard detailed how Fifth Third has created the infrastructure – inclusive of digital and physical components – to create a differentiated customer experience that fosters deep banking relationships and drives sustainable organic growth.

Empowering American Cities, a collaborative initiative from Fifth Third Bank (FITB) and the Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill, unveiled proprietary economic data at an event in Chicago last week.

Fifth Third Bank directors Laurent Desmangles and Linda W. Clement-Holmes have been named to Savoy Magazine’s 2024 Most Influential Corporate Directors list.

Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Matt Nipper as Northern Ohio region president. Nipper succeeds Tom Partridge, who is serving as group regional president.

Fifth Third Bank continues its historic clean energy progress today by introducing hyper-fast electric vehicle (EV) chargers for the first time at one of its banking centers. Fifth Third is making six hyper-fast charging stations publicly available at its eTown location in Jacksonville, Florida to better serve current EV owners and those considering transitioning to an EV.

Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.75%, effective immediately.

Fifth Third Bank has partnered with Community Reinvestment Fund, USA (CRF) to launch the Small Business Catalyst Fund, a $7.85M investment that will empower small businesses across Fifth Third’s 11-state footprint to grow and create jobs in their communities and build a more equitable small business ecosystem.

For more than a century, Fifth Third Bank has managed private foundations, empowering individuals, families and institutions to realize their visions and leave a legacy for the greater good. ​It all started with Bank president, Jacob G. Schmidlapp. A pioneer, ahead of his time, he established the Jacob G. Schmidlapp Trust in 1903.

Fifth Third Bank is pleased to announce a new structure within its Commercial Bank that builds upon the organization’s successes and continues to position the firm for the future.

Fifth Third Bank is pleased to announce that Melissa Stevens, chief marketing officer, has been honored by American Banker for the sixth consecutive year and named to the 2024 Most Powerful Women to Watch list. The annual list highlights influential leaders at the top banks and financial institutions.

Fifth Third Bank is pleased to announce that Bridgit Chayt, head of commercial payments and treasury management, has again been named to American Banker’s list of Most Powerful Women in Banking. The annual list highlights standout accomplishments of female executives in banking and finance.

Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 8.00%, effective immediately.

In 2017, Fifth Third set an ambitious goal to power the Bank’s operations across its national footprint – including more than 1,000 retail locations and operational facilities across 11 states – with 100% renewable power.

Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline™ and Stripe will expand embedded financial services for Stripe’s platform users and their customers.

For the fourth consecutive year, Fifth Third Bank has received a top score of 100 on the Disability Equality Index ®, the leading independent, third-party resource for the annual benchmarking of corporate disability inclusion policies and programs. Fifth Third has also been named among the index’s Best Places to Work for Disability Inclusion.

The Fifth Third Bank Financial Empowerment Mobile, commonly known as the eBus, brings financial access, social services and education directly into communities across the Bank’s 11-state footprint, especially in underserved areas. Since the eBus began its 2024 tour on May 3, it has traveled nearly 3,000 miles, visited 18 communities and served nearly 1,100 community members.

Customers want their banks to work for them to enable their goals, not to create new sources of complexity and potential challenges in their financial lives. This year, Fifth Third accepted the challenge of delivering new solutions that take the worry out of some of customers’ biggest banking stressors. Switching banks has historically been stressful – scheduling an appointment at a bank to fill out applications, figuring out HR processes to set up direct deposit for a new account, waiting for money to be available, and ensuring bills get paid on time.

Fifth Third is entering the Alabama market and today announced the opening of a commercial banking office in Birmingham. The office is an expansion of its Fifth Third’s operations in Georgia. The new office currently has commercial and treasury management capabilities and will expand to include a Fifth Third Private Bank office.

Fifth Third Bank announced today it has reached a comprehensive settlement agreement with the Consumer Financial Protection Bureau (CFPB) to resolve both its litigation related to sales practices and an investigation into the Bank’s auto finance servicing activities. Fifth Third has agreed to pay a $15 million fine for sales practices and a $5 million fine for auto finance servicing activities. This agreement requires Fifth Third to maintain existing policies and develop compliance plans. The Bank will also work with the Bureau’s supervisory arm to develop and implement remediation plans for any customers whom the Bank has not already remediated for these issues. The settlement resolves disputed sales practices issues related to a limited number of accounts opened beginning in 2010 and ending in 2016. The settlement also addresses the CFPB’s concerns about an auto collateral protection insurance program that Fifth Third voluntarily discontinued in January 2019.

Fifth Third has been named a winner of a 2024 CSO Award from Foundry’s CSO. This honor is given to a select group of organizations that have implemented security projects and initiatives demonstrating outstanding business value and thought leadership.

Fifth Third Bank is pleased to announce it has been named one of the Nation’s Best and Brightest in Wellness by the National Association for Business Resources (NABR). The companies who made this list prioritize employee health, well-being, and workplace culture.

Fifth Third has announced the opening of its sixth commercial banking office in California with a new location in Bakersfield. The expansion exemplifies the Bank's continued investment in the California market. Located in the Central Valley, the office covers Fresno, Kern, Kings, Madera, Mariposa, Merced and Tulare counties and is staffed by a locally based team with a longstanding history with the region.

For the last four years, Fifth Third Bank has been on a modernization transformation journey to secure and enable its customers and employees. These efforts have been recognized by the Identity Defined Security Alliance (IDSA), which named the Bank the 2024 Enterprise Identity Management Project of the Year. Fifth Third is one of four companies to receive this international award.

Fifth Third Private Bank, a division of Fifth Third Bank, was named Best Private Bank for High Net Worth Clients by The Digital Banker and Global Private Banker as part of the Global Private Banking Innovation Awards for the third consecutive year. In addition, the Private Bank was named Best Private Bank for Succession Planning for 2024.

Fifth Third Bank today announced its recognition as one of America’s Greatest Workplaces for LGBTQ+ 2024 by Newsweek and Plant-A Insights Group.

Fifth Third’s Financial Empowerment Mobile, commonly known as the eBus, brings financial access and education directly into communities, especially underserved areas. For 2024, the eBus has been reimagined to offer enhanced experiences including immediate checking account opening, face-to-face consultation pods for private conversations, computer workstations for guests and broader services.

Fifth Third Bank’s nearly 20,000 employees will celebrate “Fifth Third Day XXXIII” by volunteering and donating to fight food insecurity in the communities where they live and work. On May 3, celebrated as “Fifth Third Day,” the Bank will provide millions of meals across its footprint through a combination of volunteerism, donations and fundraising efforts.

For the third consecutive year, Fifth Third Bank has earned a Top Workplaces USA award. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets.

Fifth Third Bank today announced the opening of its Tampa, FL-based Fifth Third Wealth Advisors office.

Fifth Third Private Bank, a division of Fifth Third Bank, National Association, was named for the fifth consecutive year as a Best Private Bank (US, Regional). In addition, the Private Bank was named Best Private Bank for Entrepreneurs (Globally) for the first year. The honors were announced by Global Finance for the 2024 World’s Best Private Bank Awards.

Fifth Third is proud to announce it has been named “Bank of the Year” for the U.S. 2023 by The Banker. This annual award program recognizes industry-wide excellence within the global banking community.

Fifth Third Bank, National Association, has been named to the Forbes Best Brands for Customer Service 2024 list and TIME World’s Best Companies 2023 list. This is the first time Fifth Third Bank has been included on these lists.

Fifth Third Bank, National Association, today announced that its Empowering Black Futures Neighborhood Program has in two years already exceeded the program’s $180 million, three-year commitment. The program has invested $187 million in nine low-to-moderate income neighborhoods that have experienced disinvestment. Fifth Third also is extending technical assistance related to the program by an additional year, through 2025, to ensure continued, sustained impact and progress.

Fifth Third Bank has agreed to a multi-year agreement with Diamond Baseball Holdings, an organization that owns and operates select Minor League clubs affiliated with Major League Baseball, to become the official bank and naming rights sponsor for Spartanburg’s new state-of-the-art ballpark, the future home of the city’s professional baseball team.

Fifth Third Bank, National Association, is pleased to announce that 14 of its female leaders have been named 2023 Most Powerful Women in Banking honorees by American Banker. The annual list highlights standout accomplishments of female executives in banking and finance and this marks the largest number of award winners in Fifth Third’s history. The Bank’s 2023 honorees are:

Currently, only 23 states require a personal finance course in high school, according to Next Gen Personal Finance. That means the responsibility of teaching recent high school graduates may be on parents' shoulders. And, according to a consumer survey1 from Fifth Third Bank, only 1 in 10 surveyed believe students are well-prepared with financial education for the real world.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 8.50%, effective immediately.

Fifth Third Bank, National Association, has announced Stephanie Green as South Florida region president.

Fifth Third Bank, National Association, surprised 94 newborns and their families for being born on a special day: 5/3. Babies born across 17 hospitals in the Charlotte and Louisville areas on “Fifth Third Day” received a $1,053 Gift of College® gift card to be used toward a 529 college savings account.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 8.25%, effective immediately.

Fifth Third Bank, National Association’s nearly 20,000 employees will celebrate Fifth Third Day XXXII by fighting food insecurity in the communities where they live and work. In honor of the companywide celebration on May 3, the Bank will provide 10 million meals across its 11-state retail footprint through a combination of volunteerism, donations and fundraising efforts.

The homeownership journey can be intimidating, especially as mortgage rates have nearly doubled over the past 18 months. To help alleviate concerns about fluctuating rates as the Federal Reserve works to tame inflation, Fifth Third Bank, National Association, is now offering the Rate Drop Protector program.

Fifth Third Bank, National Association, has been awarded on the Fortune list of America’s Most Innovative Companies 2023. This prestigious award is presented by Fortune and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on March 29 and can currently be viewed on the Fortune website.

There is no minimum age to talk with your children about money and banking. Kids as young as 3 can understand concepts of money and by age 7, some money habits may already be ingrained.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 8.00%, effective immediately.

Fifth Third Bank, National Association, today was recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies. Fifth Third has been recognized four times by Ethisphere. In 2023, the list includes 135 honorees in 19 countries across 46 industries. Fifth Third is one of only four banks on the list.

Fifth Third Bank, National Association has received an “Outstanding,” the highest rating possible, on its most recent Community Reinvestment Act performance examination1 from the Office of the Comptroller of the Currency. Fifth Third received “Outstanding” ratings on each of the examination’s three tests: Lending, Investment and Service.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.75%, effective immediately.

Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the “Bank”), successor-in-interest to MB Financial Bank, National Association (“MB”), has submitted a redemption notice to the paying agent for redemption of all of the outstanding MB fixed-to-floating rate subordinated notes due December 1, 2027 (CUSIP 55266C XM3) issued in the principal amount of $175 million. The notes will be redeemed on March 1, 2023 pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

Whether it is groceries, gas, paying rent or buying a car, inflation has affected the cost of everyday needs. Finding ways to stretch your income is critical during periods of high inflation to avoid getting into debt or having to dip into savings to make ends meet. Fifth Third recognizes that customers have less purchasing power right now and offers the following tips, products and services to assist with budgeting during inflation.

Fifth Third Bank (NASDAQFITB):

JUST Capital, along with media partner CNBC, today released the 2023 Rankings of America’s Most JUST Companies, including the marquee JUST 100. The rankings are the only comprehensive evaluation of how the nation’s largest corporations perform on the issues that matter most to Americans today, including creating jobs in the U.S., paying a fair living wage, acting with integrity at the leadership level, supporting workforce retention and training, protecting worker health and safety, providing benefits and work-life balance, protecting customer privacy, minimizing pollution and more.

Fifth Third Bank, National Association, today announced the opening of its fifth commercial banking office in California with a new location in San Diego. Located in Carmel Valley, the office covers San Diego County and is staffed by a locally based team with a longstanding history in the region.

To ensure its customers have access to their own money as soon as possible, Fifth Third Bank, National Association, today announced that it will have the ability to provide customers with their federal tax refund up to five days earlier. According to the IRS, 9 out of 10 consumers who file electronically and who choose to receive their refund by direct deposit get their money in less than 21 days. That means Fifth Third Momentum® Checking Customers can use Fifth Third’s Early Pay1 to receive their tax refund in 16 or less days. This free feature will be available in late January.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.50%, effective immediately.

The rise of online and mobile banking and electronic financial transactions have made life easier for consumers. However, without proper security measures, they can put you at risk for fraud and scams. Here are a few easy actions you can take to protect yourself this holiday season and beyond.

Fifth Third Bank, National Association, has rolled out a new mobile banking app, its inaugural cloud-first application, which is designed to give customers an entirely new user experience with the features they most value.

Fifth Third Bank, National Association, is complementing its flagship 1.67% Cash/Back Card with the launch of a new lend-centric credit card that enhances and expands its Cash/Back lineup. Fifth Third has announced a 1% Cash/Back Card, which will help solve everyday banking needs such as paying for purchases – big or small – paying bills, managing debt, and handling unexpected expenses. And it comes with an introductory 0% APR on purchases and balance transfers for the first 21 months.

Fifth Third Bank, National Association, today announced the launch of an independent Registered Investment Advisor, Fifth Third Wealth Advisors. Fifth Third Wealth Advisors provides advisory teams with a customizable and flexible investment platform, technology and operational support, as well as a physical office location.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.00%, effective immediately.

Fifth Third Bank, National Association, a recognized leader in environmental sustainability, announced that it is partnering with the Cincinnati USA Regional Chamber and Duke Energy to measure the carbon impact and provide the verified carbon offsets for the lighting installations at BLINK, Illuminated by ArtsWave, in Cincinnati. The event is one of the nation’s largest outdoor light and art festivals known for its immersive exhibits and experiences and will return to Cincinnati Oct. 13-16, 2022.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 6.25%, effective immediately.

Fifth Third Bank, National Association, is proud to launch its Mortgage Warehouse Finance business to meet the needs of independent mortgage bankers. As one of the largest regional banks in the U.S., Fifth Third offers the liquidity, credit and banking solutions independent mortgage bankers require, all in one place.

Fifth Third Bank today hosted its sixth Supplier Diversity Summit, providing an opportunity for suppliers to explore innovative best practices, as well as connect with Fifth Third representatives and other corporate and community partners.

As part of the new multiyear partnership that the Tampa Bay Buccaneers and Fifth Third Bank, National Association, inked in 2021, the teams have collaborated to launch a new Bucs-branded debit card.1

Fifth Third Bank, National Association, has announced that Mark Hoppe, Chicago region president, plans to retire at the end of the year following a distinguished 45-year career in the banking industry. Mark Heckler, senior commercial banker, will succeed him.

Fifth Third Bank, National Association, today announced it earned a 100 out of 100 score in its third year of completing the Disability Equality Index®. The index is a benchmarking tool that offers U.S. businesses the opportunity to report on their disability inclusion policies and practices.

Fifth Third Bank, National Association, has been awarded a Top Workplaces in financial services honor by Energage, LLC, an employee engagement technology partner.

Fifth Third Bank’s “Feeding Our Communities” initiative, held each year in May, this year provided more than 8.4 million meals to fight hunger across its footprint. The total far exceeded the 5.3 million-meals goal the company set for its 2022 effort.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 4.75%, effective immediately.

Fifth Third Bank, National Association, is committed to improving and strengthening communities. To support affordable housing options, Fifth Third has announced it will pay $1,000 toward closing costs for VA, FHA, 203K and USDA Owner Occupied Purchase and REFI loans. This will lower the amount of cash needed for close and can be combined with other down payment assistance programs. This program is available until Nov. 15 across Fifth Third’s customer footprint.

Fifth Third Bank, National Association, is focused on making sure its customers have fast access to their money, regardless of how they get paid. Today, the Bank announced it has expanded its Early Pay®1 to include income received from gig work as well as some forms of government and retirement benefits, allowing customers access to their paychecks up to two days early.

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 4.00%, effective immediately.