Fifth Third Bancorp and Fifth Third Bank Foundation Donated More than $500K to Assist with Hurricane Relief

05:26 11/19/2017

Fifth Third Bancorp FITB  and the Fifth Third Bank Foundation collectively contributed more than $500,000 to support relief efforts for those impacted by hurricanes Harvey, Irma and Maria.

Greg Carmichael, president and CEO of Fifth Third, said donations to the American Red Cross and the Salvation Army are a tangible sign of the Bank’s commitment to improving lives.

In addition to monetary support and a match on employee and customer donations, Fifth Third provided short-term special assistance to customers in hurricane-affected areas in the form of waived or refunded fees.

Financial empowerment mobiles, or eBuses, traveled across Florida providing help with FEMA assistance forms and serving as a Wi-Fi hotspot, cell phone charging station and cooling station.

The Bank also hosted a variety of events that focused on one-on-one financial counseling and workshops for small businesses. And employees volunteered over 200 service hours as they assisted those affected by the hurricanes.

“We are focused on putting the customer at the center of everything we do and our employees are the driving force behind our work,” Carmichael said. “Disasters such as this season’s hurricanes affect the communities that so many of our customers and employees call home. Through our financial donations and volunteer service hours, we are dedicated to helping them recover and flourish.”

Earlier this month, FITB  announced that Kristine Garrett was named senior vice president and head of Fifth Third Private Bank.

Garrett is responsible for leading the vision, strategy and execution for Fifth Third Private Bank across the Bank’s footprint. She reports to Mike Michael, executive vice president and head of Wealth and Asset Management.

“Kristine’s background and expertise in the industry make her the perfect fit for this key role in our organization,” said Michael. “She also understands the importance of providing value and personalized service for our clients, which aligns with our vision to be the One Bank people most value and trust.”

In addition, FITB  completed the acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR.

Epic Insurance Solutions was founded in 2013. Its primary service areas include commercial and personal property insurance, and casualty and employee benefits services.

Integrity HR was founded in 2007. Its primary services include human resources outsourcing, recruiting, training, human resources policies and procedures, and other human resources-related services.

“Adding the Epic Insurance and Integrity HR teams to Fifth Third is a meaningful step in strengthening our insurance capabilities for clients,” said Mike Michael, executive vice president and head of Wealth and Asset Management for Fifth Third.

“This acquisition enables us to also enter into the employee benefits and human resources consulting business, where we see an opportunity to grow and bring tremendous value to our Business, Commercial, and Wealth and Asset Management clients throughout our footprint,” Michael continued.

This announcement builds upon Fifth Third’s recent acquisitions of R.G. McGraw Insurance Agency and The Retirement Corporation of America.

FITB  is making substantial investments in value-added products and services to help clients with their most pressing financial and risk management challenges.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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