The economic fallout from COVID-19 has been swift as many reel from faltering paychecks and falling investments. Add to that an increased concern for health and safety, and it’s easy to see why consumers today are, well, uneasy.
All this uncertainty can lead people to commit money blunders they wouldn’t commonly make. However, at a time when there are so many things outside of our control, it’s more important than ever to zone in on those within our control and avoid making unnecessary financial mistakes. Here are six areas where you should maintain your guard.
Florida’s First Coast Relief Fund receives funds to support immediate needs
JACKSONVILLE – The Fifth Third Foundation today announced a $25,000 philanthropic commitment to help address the effects of the COVID-19 pandemic in Northeast Florida. The funds from the Fifth Third Foundation are pledged to The Community Foundation for Northeast Florida and directed to Florida’s First Coast Relief Fund to help meet the immediate needs of individuals in the community.
In the wake of COVID-19, we have seen thousands of Americans band together to perform altruistic acts of selflessness to help those in need. Unfortunately, the pandemic has also brought with it quite a few negative outcomes. Besides our health worries, one additional adverse impact has been the occurrence of scams related to the pandemic, and unfortunately, they are on the rise.
Expands availability of NextJob toolkit, offers Operation HOPE financial recovery services to help those impacted by COVID-19
CINCINNATI, May 21, 2020 /3BL Media/ – Fifth Third Bank, National Association, today announced it is making its NextJob Job Seekers Toolkit available to the public through January 2021. It also is offering Operation HOPE’s financial coaching services to individuals and small businesses. These two programs are among the Bank’s efforts to assist those who are seeking jobs, either temporarily or permanently, as a result of the COVID-19 pandemic, as well as to assist people with understanding and overseeing their finances.
CINCINNATI, May 7, 2020 /3BL Media/ – Fifth Third Bank, National Association announced today that it has secured more than $5.5 billion in funding approval for more than 31,000 businesses through the Small Business Administration’s Paycheck Protection Program. These loans have the potential to support up to 555,000 jobs.
Donations will focus on health, homelessness and hunger
GRAND RAPIDS, Mich., May 18, 2020 /3BL Media/ – Fifth Third today announced $175,000 in philanthropic commitments to help address the effects of the COVID-19 pandemic in West Michigan. The funds from the Fifth Third Foundation will be deployed to meet the immediate needs of the following organizations: Feeding America West Michigan, Greater Lansing Food Bank, South Michigan Food Bank, Cherry Health and Mel Trotter Ministries.
2 nonprofits receive funds to help with emergency efforts
TOLEDO, Ohio, May 8, 2020 /3BL Media/ – The Fifth Third Foundation today announced a $75,000 philanthropic commitment to help address the effects of the COVID-19 pandemic in Toledo. The funds from the Fifth Third Foundation have been deployed to meet the immediate needs of individuals in the community that seek assistance from Connecting Kids to Meals and Mobile Meals of Toledo, Inc.
CINCINNATI, May 1, 2020 /3BL Media/ – Fifth Third Bank, National Association, today announced that it has provided 1.6 million meals to help fight hunger across the Bank’s 10-state footprint and beyond. The meals are being donated to various food organizations 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.
Fifth Third's Chief Investment Strategist Jeff Korzenik joins Neil Cavuto on Fox Business News to provide some context for news of potential antiviral treatments for COVID-19. He also reminds viewers that failure to reengage workers quickly can have a very high long-term cost. A lesson of 2008/09 we learned only in hindsight is that long-term unemployment can all too easily become permanent unemployment.
Marks Earth Day with Climate-Related Financial Disclosure Report on 53.com
CINCINNATI, April 22, 2020 /3BL Media/ – Fifth Third Bancorp (Nasdaq: FITB) today announced it has received a Climate Leadership score of A- from the CDP (formerly known as the Climate Disclosure Project) for its efforts and disclosures related to climate change. Fifth Third’s A- score placed Fifth Third in the top quartile of CDP’s Financial Services Activity Group.