Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $120 billion in assets, operates 16 affiliates with 1,308 full-service Banking Centers, including 93 Bank Mart® locations open seven days a week inside select grocery stores and 2,353 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina.
Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2008, has $179 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for- profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ(R) National Global Select Market under the symbol "FITB."
Exceed expectations of customers, co-workers and shareholders. Be our customers’ first choice. Be a great place to work.
Our Guiding Principles
Integrity
Customer Focus
Teamwork
Execution
Shareholder Value
Diversity
Community Involvement
Adaptability
Fifth Third Bank employees make the difference every day in the lives of their customers, co-workers and neighbors. That’s why most of the communication employees receive includes this special logo. It reminds us that we “make the difference” in fulfilling the Bank’s vision.
Fifth Third Bancorp is one of the most reputable financial institutions in the nation. This reputation was achieved not only by financial results, but also by a commitment to employees to make Fifth Third a great place to work. Our dedication is proven with the awards won throughout our affiliates. Our Central Ohio Affiliate was named the 4th best large company to work for by Business First. The Evansville Human Resources Association listed our Southern Indiana Affiliate as a “2005 Family Friendly Workplace.” Collectively, our three Kentucky Affiliates placed in the top 20 companies of 2005 and 2006 Society for Human Resources Management’s “Best Places to Work.” The Eastern Michigan Affiliate was named to Metro Detroit’s “101 Best and Brightest Companies to Work For” list in 2004 and 2005. Also, Fifth Third was recognized by Mexico’s Secretary of State and Minister of the Institute of Mexicans as one of the top five financial institutions in the U.S. serving Mexican and Mexican-American communities. The Bank is among the Top 10 Superregional Banks, as voted by Fortune Magazine for employee talent, quality of management, financial soundness and long-term investment value.
Fifth Third has a talented, dedicated team of 22,000-plus employees in ten states – and growing. The successes of Fifth Third depend on its employees’ satisfaction. In order to ensure that employees are healthy and happy, the Bank provides pay and benefits programs, learning and development and an exciting work environment. Fifth Third’s total package is designed to ensure competitiveness for today’s diverse workforce. And for 51 consecutive years, the Bank has shared a portion of profits with employees through its profit sharing plan.
Lines of Business
Fifth Third Bank is comprised of various divisions and five primary lines of business. Here’s an overview of the business lines that serve our customers:
Retail Banking
Fifth Third’s Banking Centers serve as the primary point of contact for our six million customers. Through these locations, Fifth Third strives to provide best-in-class products, convenience and customer service to the individual and small business customers within our geographic footprint.
Fifth Third Processing Solutions
Fifth Third Processing Solutions authorizes, initiates, captures and settles electronic payment transactions as part of an integrated cash management solution for financial institutions and merchants all over the world. As a leading electronic processor, Fifth Third Processing Solutions helps our commercial customers eliminate paper and reduce cycle time and expense while providing instant online access to information through a platform integrated with traditional banking services.
Commercial Banking
Fifth Third’s commercial relationship officers and support team offer companies a business partner of
unparalleled capital strength and stability, sound expertise and experience, and comprehensive and customized financial solutions for all their cash management, international and borrowing needs.
Investment Advisors
Fifth Third is a full-service money management firm featuring a broad array of equity and fixed income
products catering to retail and commercial clients. From retirement planning, wealth management and public finance to private client services, Fifth Third delivers a full spectrum of investment strategies of varying scope and complexity for both long and short-term investment horizons.
Total Rewards
Fifth Third’s total rewards include pay and benefit programs, learning and development opportunities and an exciting work environment. Fifth Third offers a matching 401(k) plan, matching stock purchase plan, profit sharing plan, medical, dental, life and disability insurance, discounts on financial services, tuition reimbursement and paid vacation and sick time. Additionally, employees receive an additional compensation in the form of Benefits Choice Dollars to offset the costs of benefits. New employees are eligible to benefit from Fifth Third Profit Sharing and Benefits Choice Dollars.
Highlights of our more popular offerings include:
Benefit Choice Dollars
After 30 days of employment, eligible
employees receive Benefit Choice Dollars.
Benefit Choice Dollars help offset the cost
of benefits and equal up to 4% of an
employee’s benefits salary – up to $4,000.
They’re paid as additional cash compensation
over the 26 pay periods of the calendar year.
Profit Sharing
Fifth Third has made wealth accumulation a reality through Profit Sharing. On an annual basis, active employees may receive contributions from the Bank’s profits. The contribution is based on Bank performance and ranges from 0-10%. The contribution is placed in a retirement account set up for each employee. Profit Sharing contributions vest after five years of service.
401(k) Plan
Fifth Third Bank offers a 100% match on the first 4% of pre-tax contributions made by employees! The match vests after three years of service. The 401(k) Plan allows employees to contribute between 1% and 20% of eligible compensation. Participation may begin after 30 days of service. These contributions are made on a pre-tax basis, which means federal and state income taxes are lower.
Employee Stock Purchase Plan
Fifth Third offers employees the opportunity to purchase Fifth Third Bancorp common stock through payroll deductions, up to 10% of their benefits salary – up to $26,000 annually. The Bank provides a 15% match on employee contributions. Employees pay no service fees or commissions.
LifeBalance
Balancing responsibilities like joining a new company, building a new home, raising children and managing your money – not to mention finding time to spend with family and friends – can bring a lot of pressure. With the ups and downs of everyday life, sometimes everyone needs extra support. Ceridian’s LifeBalance® services are available at no charge to employees as part of Fifth Third’s total rewards program. Employees can download articles on the LifeBalance web site free of charge. Plus, employees can request materials be mailed to their homes and even listen to tips on tape.
Extra Vacation
During Benefits Open Enrollment, which takes place annually in the fall, Fifth Third employees have the opportunity to purchase additional vacation days. Through the Vacation Purchase Program, employees may purchase up to five days, or 40 hours, of additional vacation to be used in the following year (not to exceed four weeks). Employees who have not used all of their Bank-provided vacation time can elect to carry over up to five days, or 40 hours, of unused vacation time into the following year (not to exceed five weeks).
Flexible Spending Accounts
Employees can participate in Flexible Spending Accounts for health care, dependent care and parking/mass transit. Funds are deducted from their paychecks before taxes are withheld and then deposited into the Flexible Spending Account. By participating in these funds, it helps to pay for costs associated with these types of expenses – and save on taxes too!
Educational Assistance
The Bank offers a Tuition Assistance Program to help employees finance certain tuition costs. Full-time employees are eligible to receive $5,000 per calendar year and part-time employees are eligible to receive $1,000. The loan need not be repaid if the employee remains with the Bank for one year after completing the course.
Forbes Global 2000
Forbes magazine ranked Fifth Third Bancorp #278 on its annual listing of the world’s biggest and leading public companies.
April 2006
Fortune 500 Company
Fifth Third ranked #308 on Fortune’s annual listing of the largest U.S. corporations based on revenues, profits, assets, stockholders equity, market value, earnings per share and total return to investors.
April 2006
Top 10 Superregional Bank, Fortune magazine
Fifth Third earned inclusion in the Superregional Banks category of Fortune’s Most Admired Companies for strength in employee talent, quality of management, financial soundness and long-term investment value.
February 2006
Most Trusted Retail Banks
Fifth Third ranked second in the list of the most trusted U.S. banks for safeguarding customer privacy data. The 2006 Privacy Trust Study for Retail Banking, conducted by the Ponemon Institute, was designed to determine how privacy issues affect retail banking relationships and which banks are most trustworthy, in the opinion of consumers, when it comes to safeguarding their personal information.
January 2006
World’s Safest Banks, Global Finance magazine
Fifth Third ranked 31st in the list of the world’s safest banks – the 50 institutions with the highest ratings from the leading international credit rating agencies. Only 10 U.S. banks made the list overall.
October 2005
Tomorrow belongs to closers. And at Fifth Third Bank, we're closers. We close because we let you make the deal while we deal with the details. We close because we have local processing and underwriting. We close because we're the name that over 6 million people trust. We close because we've got you just about every mortgage product you can think of. And we're building more solutions every day. We close because we're taking these solutions into over 20 markets. We close because we like to close as much as you. And we know that tomorrow belongs to the closers. Come join us.
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Residential MortgageEqual Opportunity Employer
Fifth Third is an Equal Opportunity Employer. It is our policy to provide equal opportunity to all applicants and employees without regard to race, color, religion, sex, sexual orientation, age, national origin, veteran status, or disability. As a Federal Contractor, Fifth Third maintains Affirmative Action Plans which seek to advance the principles of equal employment opportunity for these protected classes and take affirmative action to ensure that applicants and employees in the protected classes noted above are not discriminated against in any way.
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