Fifth Third Bank

Investor Relations

Kala Gibson Named to National Board to Advance Minority-owned Businesses

Category:

Tuesday, December 18, 2018 3:30 pm EST

Dateline:

CINCINNATI

Public Company Information:

NASDAQ:
FITB
US3167731005
"I’ve always believed that a diverse small business community is a strong small business community"

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) congratulates Kala Gibson, senior vice president and head of business banking, on his appointment to the board of directors for the National Minority Supplier Development Council. The NMSDC advances opportunities for certified minority-owned business enterprises by connecting them to strategic sourcing leaders at large corporations.

Gibson’s appointment to the NMSDC is a natural extension of his passion and dedication to deepen partnerships and expand access to capital for minority- and women-owned businesses. Fifth Third spends hundreds of millions of dollars annually in goods and services, ranging from facility-management services to information technology and office supplies. Awarding more of these contracts to diverse businesses has been a major focus of the Bank’s Strategic Sourcing department.

“Kala Gibson has been instrumental in helping Fifth Third develop and implement strategies to help small businesses and diverse businesses succeed,” said Greg D. Carmichael, chairman, president and CEO of Fifth Third Bank. “His election to the NMSDC’s board of directors is a testament to his tireless efforts to help owners of diverse businesses compete and thrive.”

Gibson is instrumental in implementing Fifth Third Bank’s Community Commitment, which has pledged $11.1 billion to small business lending through 2020. This year, the Bank made an additional $5 million investment in the Community Reinvestment Fund to expand access to capital, financial management skills, lending tools and continuing education for small business owners in low- and moderate-income communities.

“I’ve always believed that a diverse small business community is a strong small business community,” Gibson said. “It’s incredibly gratifying to put that belief into practice every day. The NMSDC will allow me to contribute at an even higher level, and I’m honored by the opportunity.”

Gibson has more than 26 years of banking industry experience, including senior leadership roles in retail, community, small business and asset-based lending. He currently oversees strategic planning, operations, sales force and product for the Business Banking division at Fifth Third, the 13th-largest bank in the nation. In addition to the NMSDC, he volunteers his time to the Charles H. Wright Museum of African-American History board, Business Banking Executive Circle, Consumer Banker Association Small Business Committee, Cincinnati ArtsWave Regional Grant Review Committee and National Underground Railroad Freedom Center.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of September 30, 2018, the Company had $142 billion in assets and operates 1,152 full-service Banking Centers, and 2,443 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2018, had $376 billion in assets under care, of which it managed $38 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com . Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.”

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Kala Gibson, Fifth Third Senior Vice President and Head of Business Banking (Photo: Business Wire)
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Contact:

Sean Parker, APR
(513) 534-NEWS