Fifth Third Reports Impact of Second Year of Five-year $30 Billion Community Commitment

Fifth Third Bancorp today reported the results of its $30 billion, five-year Community Commitment after the completion of its second full year (2017). The Community Commitment, developed in collaboration with the National Community Reinvestment Coalition (NCRC), positively impacted the communities served by Fifth Third through mortgage lending, small business lending, community development loans and investments, and Fifth Third Impact Initiatives, including philanthropy, housing and small business-related investments, financial empowerment programming, branches and staffing, and inclusion and diversity.

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Byna Elliott, senior vice president and chief corporate community and economic development officer, Fifth Third Bank (Photo: Business Wire)

Since the beginning of the commitment, and over the past two years, Fifth Third invested $14.5 billion, or 48.3 percent, of the total lending and investment commitment.

Category		Commitment (2016-2017)		Percentage of Total Commitment
Mortgage Lending		$5.9 billion		147% of goal
Small Business Lending		$3.7 billion		115% of goal
Community Development Lending & Investments		$4.9 billion		137% of goal

“Our Community Commitment is a Fifth Third better,” said Byna Elliott, senior vice president and chief corporate community and economic development officer, “because our employees have carried our Company’s financial commitment directly to the communities in terms of listening, volunteerism, and engagement. Together we have delivered $14.5 billion of our Commitment after just two years and it’s all due to their efforts: their hard work, their engagement with community partners, and their ability to execute. This progress report, following shortly after the Federal Reserve Bank of Cleveland issued an “Outstanding” Community Reinvestment Act rating for Fifth Third for the period of January 1, 2014 to June 30, 2016, indicates that we are deeply engaging with the communities we serve and are working with them to achieve bold outcomes that improve lives.”