Fifth Third Bancorp, through its affiliate Fifth Third New Markets Development Company II, has received an $85 million New Markets Tax Credits $(NMTC)$ award from the U.S. Department of the Treasury's Community Development Financial Institutions Fund. The award is part of a national allocation to 142 community development entities. This marks the second NMTC award for Fifth Third within 15 months, following a $50 million allocation in September 2024. The NMTC program aims to attract private investment in economically distressed communities, supporting projects such as healthcare clinics, community facilities, and local business growth.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fifth Third Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20260116484496) on January 16, 2026, and is solely responsible for the information contained therein.
Comments