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Fifth Third Bank, National Minority Development Council Launch Certificate Program for Small Businesses

Fifth Third Bank, National Minority Development Council Launch Certificate Program for Small Businesses
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CSRWire - Fifth Third Bank, National Minority Development Council Launch Certificate Program for Small Businesses

Fifth Third Bank, National Minority Development Council Launch Certificate Program for Small Businesses
Published 04-07-21
Submitted by Fifth Third Bancorp
CINCINNATI, April 7, 2021 /CSRwire/ – Fifth Third Bank, National Association, in collaboration with the National Minority Supplier Development Council, has announced the launch of its NMSDC Centers of Excellence Certificate Program (COECP). The program will last for nine months and will involve selected minority-owned private businesses that are NMSDC-certified Class II businesses, with annual sales between $1 million and $10 million and that have a minimum of five employees. It will strengthen corporate supplier selection processes and help minority businesses compete in a global environment. The program is made possible through the Bank’s relationships with the Ohio, Georgia, Michigan, Mid-States and Chicago MSDC regional councils. ....

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Fifth Third Bank's Major Racial Equity Commitment Includes Over $2 Billion to Help Black Homeownership and Businesses

(iStock.com/RiverNorthPhotography)
Taking some of its biggest steps ever to support Black Americans, Fifth Third Bancorp is committing nearly $3 billion to fight against racism.
Fifth Third Bank just announced that it will make the commitment over the next three years to help fortify diverse customers. Some $2.2 billion of the pledge by the Cincinnati-based bank will be used for lending and $500 million for investments.
Fifth Third Executive Vice President Kala Gibson (file)
Another significant step to address racial equality was the formation of an Executive Diversity Leadership Council (EDLC). Kala Gibson, the council’s executive sponsor, chief enterprise responsibility officer and head of Business Banking, stated, “We will continue to review policies and practices to evaluate where comprehensive improvements can be made so that the Bank’s employees, customers and communities are fully supported.” ....

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