Economic Empowerment CSR News

Fifth Third Boosts Investment in Detroit Minority Depository Institution

Additional $2.5 million makes Fifth Third largest financial supporter in First Independence Bank
Press Release

CINCINNATI, June 15, 2021 /3BL Media/ – Fifth Third Community Development Corp., a wholly owned subsidiary of Fifth Third Bancorp, has announced it is investing an additional $2.5 million in Detroit-based First Independence Bank. The move makes Fifth Third the largest investor at a total of $5.5 million in the minority depository institution and community development financial institution (CDFI).

M&T Bank Corporation Releases Inaugural ESG Report

Highlights continued commitment to communities
Press Release

BUFFALO, N.Y., June 8, 2021 /3BL Media/ - M&T Bank Corporation (M&T Bank) today released its 2020 Environmental, Social, and Governance (ESG) Report [mtb.com/esg]. The first-ever annual formal disclosure highlights M&T’s efforts to meaningfully impact the communities it serves. The bank aims for transparency, making data more readily available, and accountability, tracking its impact and future progress.

Franklin Templeton Part of Corporate Call to Action That Announced New Commitments to Improve Economic and Racial Equity in Financial Services Industry and the Economy

Newsletter

Franklin Templeton and fellow members of the Corporate Call to Action: Coalition for Equity & Opportunity (CCA), a corporate social justice initiative launched by the Connecticut Office of the Treasurer in partnership with the Ford Foundation, announced four new commitments to improve economic and racial equity in the financial services industry and the economy at large.

PNC Announces $88 Billion Community Benefits Plan

Four-year plan developed in connection with PNC's pending acquisition of BBVA USA; Expands economic opportunity support for minorities and low- and moderate-income individuals and communities
Press Release

PITTSBURGH, April 27, 2021 /3BL Media/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced a Community Benefits Plan to provide $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities over a four-year period beginning Jan. 1, 2022.

Fifth Third Momentum® Banking Offers Ease of a Digital Bank with Personal Support When You Need It

Features include Early Pay, Goal-based Savings and No Monthly Maintenance Fee
Press Release

CINCINNATI, April 27, 2021 /3BL Media/ – Fifth Third Bank, National Association, is proud to launch Fifth Third Momentum® Banking – a first of its kind, everyday banking solution. It combines the features and innovation of a digital-first bank with the security, reliability and local presence of a 163-year-old institution committed to the communities it serves.

Engineering a More Equal Future

Article

Diversity matters. In an increasingly globalised business world, diverse working teams bring new perspectives and experiences, open broader dialogue, and promote creativity, innovation, and adaptability.

The more diversity, inclusion, and engagement there is in a workplace, the stronger and more sustainable the outcomes.

How to Make Financial Well-being a Priority in Uncertain Times

Words by Amy Brown
Article

Between the economic downturn and COVID-19, consumers are under immense financial pressure at a time when it’s more important than ever to think about saving money and planning for a stronger, post-pandemic recovery. Even amid such great uncertainty, there are still ways to save, get control of debt and credit, and boost financial well-being.

“Faftai!” Covid Revival Loans Finance Kava Microentrepreneurs in Vanuatu

by Claire Kelly, Regional Director for West Africa/MENA & Interim Regional Director for Asia
Blog

Since 2012, Lorina had worked at her own tourism business, selling souvenirs to tourists, particularly those who would arrive on cruise ships to Port Vila.  Lorina joined Whole Planet Foundation’s microfinance partner South Pacific Business Development (SPBD) Vanuatu in 2017.  She had previously been involved with a different microfinance program, however she found that SPBD gave longer loan terms which made the loan easier for her to repay.  She is now the Secretary for her SPBD group.  This means that she has responsibilities to count the group’s cash and make sure all accounts are reconc

Creating Financial Victories on the Homefront

Wells Fargo and Military Warriors Support Foundation help veterans build financial stability with mortgage-free homes and mentorship.
Blog

Marcus Mason was just 17 when he went off to war as a Marine — first to Afghanistan and then to Iraq before a combat injury ended his tour.

Today, a program by Military Warriors Support Foundation and Wells Fargo has made the former Georgia native a victor on the financial homefront in Jacksonville, Florida.

Pages

Subscribe to Economic Empowerment