/ Interapt and Fifth Third Partnership
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I’M INTERESTED
Building a Partnership
A transformational investment by Cincinnati-based Fifth Third Bank will bring new career paths to key neighborhoods across multiple states. Partnering with technology services firm Interapt to provide skills training and apprenticeships, the bank will create opportunities for residents to access new careers and build generational wealth.
BUILD ESSENTIAL SKILLS:
Fifth Third’s Neighborhood Investment Program is a $180 million program to accelerate revitalization in nine majority-Black communities across seven states. Over a three-year-period, Fifth Third announced they will provide up to $20 million in lending, investments, and philanthropic support, including grants from the Fifth Third Foundation to each neighborhood. The nine neighborhoods include:
- Avondale, Cincinnati, OH
- South Chicago, Chicago, IL
- Buckeye, Cleveland, OH
- East Tampa, Tampa, FL
- Grove Park, Atlanta, GA
- Arlington Woods, Indianapolis, IN
- Historic West End, Charlotte, NC
- Near East Side, Columbus, OH
- Russell, Louisville, KY
Working with instructional partners, Interapt will recruit and train up to 100 participants in tech skills such as software development, UX/UI design and data science, as well as skills for other career tracks within Fifth Third. Those who successfully complete the program will be eligible for registered, paid apprenticeships, delivering work for Fifth Third under the guidance of Interapt’s IT professionals.
“The opportunity to create living-wage jobs in partnership with the team at Interapt is really exciting for us at Fifth Third Bank,” said Jude Schramm, Chief Information Officer. Schramm added, “creating a strong pipeline of IT professionals is not only important to the Bank but also a pathway to opportunity for residents across our footprint who are a part of our Neighborhood Investment Program.”
ABOUT FIFTH THIRD BANK
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of June 30, 2021, the Company had $205 billion in assets and operates 1,096 full-service Banking Centers, and 2,369 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South 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 June 30, 2021, had $483 billion in assets under care, of which it managed $61 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.”
ABOUT FIFTH THIRD FOUNDATION
Established in 1948, the Fifth Third Foundation was one of the first charitable foundations created by a financial institution. The Fifth Third Foundation supports worthy causes in the areas of health and human services, education, community development and the arts in the states where Fifth Third Bank operates.
ABOUT INTERAPT
Interapt, based in Louisville, KY, offers solutions that bridge the gap between business, technology and the people who make it happen – with expertise in business innovation, digital transformation, and IT workforce apprenticeships. Interapt launched its workforce development program, Interapt Skills, in 2015 to empower humans with the technical, business, and life skills needed to meet the expectations of today’s employers. To find out how we can help your business, visit https://interapt.com/contact/.
Learn more about Interapt.