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CSRWire - Fifth Third Bank to Provide 1 Million Meals to Fight Hunger Across Bank's Footprint


Fifth Third Bank to Provide 1 Million Meals to Fight Hunger Across Bank s Footprint
Published 5 hours ago
Submitted by Fifth Third Bancorp
CINCINNATI, May 3, 2021 /CSRwire/ – Fifth Third Bancorp’s nearly 20,000 employees will celebrate Fifth Third Day by providing 1 million meals to the hungry. The meals are being donated to various food organizations across the Bank’s 11-state retail footprint in honor of the Bank’s annual companywide community celebration in May, centered on May 3. The date, 5/3 on the calendar, is recognized as Fifth Third Day.
“May third is a day to celebrate the positive difference we make in the lives of our customers, our co-workers and our communities as we continue to address hunger across our footprint,” said Greg Carmichael, Fifth Third’s chairman and CEO. “Through this pandemic and through every era, we remain true to the strong spirit of the Bank as we work to build stronger communities one person, one family, one busi ....

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Fifth Third Nabs Exit From Investors' Investigation Fraud Suit


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Fifth Third Nabs Exit From Investors Investigation Fraud Suit
Law360 (April 27, 2021, 5:30 PM EDT) An Illinois federal judge on Tuesday tossed investors suit claiming Fifth Third Bancorp fraudulently failed to immediately disclose a federal investigation into unauthorized account openings, saying the investors haven t sufficiently pled that the bank s executives intended to deceive them.
The investors securities fraud claims can t proceed because they don t sufficiently plead that Fifth Third CEO Greg Carmichael and Chief Financial Officer Tayfun Tuzun s public communications intentionally misrepresented or hid risks related to the Consumer Financial Protection Bureau investigation and allegations of wrongdoing against the bank, U.S. District Judge Sara Ellis said. ....

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Fifth Third Bancorp (FITB) Q1 2021 Earnings Call Transcript


Fifth Third Bancorp (FITB) Q1 2021 Earnings Call Transcript
Motley Fool Transcribing
© The Motley Fool
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Fifth Third Bancorp (NASDAQ: FITB)
Q1 2021 Earnings Call
Operator
Good day, and thank you for standing by. Welcome to the Q1 2021 Fifth Third Bancorp earning conference call. [Operator instructions] I would now like to hand the conference over to your speaker today, Chris Doll, director of investor relations.
Chris Doll
Director of Investor Relations
Thank you. Good morning and thank you, everyone for joining us. Today, we ll be discussing Fifth Third s financial results for the first quarter of 2021. Please review the cautionary statements in our materials, which can be found in our earnings release and presentation. ....

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Banks need to fund construction of affordable housing on Chicago's South, West sides


Rochelle Foster (from left), Kevin Sutton and Amy Totsch
To the CEOs of the nation s banks, especially the market leaders in Chicago Jamie Dimon (Chase), Greg Carmichael (Fifth Third), Stephen Steinour (Huntington), William Demchak (PNC), Andrew Cecere (U.S. Bank) and Brian Moynihan (Bank of America) the organized peoples institutions of United Power for Action & Justice have one focused request: Invest in large-scale, affordable home construction in four distressed communities of Chicago, instead of issuing more press releases.
We specifically ask you to help us build or renovate enough rooftops in North Lawndale, Roseland, Back of the Yards and Chicago Lawn that they attract new homeowners to areas where Chicago has bled population for decades. ....

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