INDUSTRY INSIGHTS YOUR PEERS ARE READING
Sterling Bay, a Chicago developer, is throwing in a sports and concert stadium into its proposal for Amazon’s second U.S. According to a news report in the Chicago Tribune , the developer’s Lincoln Yards project includes the ability for Amazon to have a stadium at its headquarters. The city asked us for our boldest ideas on Amazon’s HQ2, and that’s what we did at Lincoln Yards,” Sterling Bay managing principal Andy Gloor said in an email to the Chicago Tribune. MORE
Crain Chicago Business is reporting that Verve Credit Union (Oshkosh, WI) has entered into a deal to buy South Central Bank (Chicago, IL). While the sales price was not disclosed, Crain Chicago stated that the price was "higher than the going rate of about 1.5 times book value for community banks in Chicago." This is the second Illinois bank to be acquired by an out-of-state credit union in the last 7 months. Verve Credit Union has $986 million in assets. MORE
is expanding in Chicago as it targets both brick-and-mortar and online expansion. According to Chain Store Age , the fashion retailer will open a flagship on Rush Street in Chicago this fall. ” Retail Aritzia canada Chicago fashion fashion retailer usCanada’s Aritzia Inc. The Vancouver, British Columbia–based company already operates a store in the Windy City, at Water Tower Place. MORE
Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states. Community banking Regional banks Capital Illinois Indiana Wisconsin MORE
Both banks focus on the Chinese-American community. Community banking M&A Growth strategies California Illinois MORE
Meanwhile, the Chicago City Council is gearing up to consider a moratorium on doing any bond-related business with Wells Fargo as well. Banking Chicago fake account scandal Illinois News wells fargo What's HotThe Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo. MORE
The bank is pledging to lend another $2 billion in a market where it has invested $3.6 billion in various community development initiatives since 2016. Most of the new funds will be used to make loans to small businesses that operate in low- and moderate-income neighborhoods. Small business Small business lending Corporate philanthropy M&A Fifth Third Bancorp MORE
The company agreed to buy the parent of Countryside Bank for $90.5 million. Community banking M&A Growth strategies Illinois MORE
And adapting to those evolutions – and following them through, ” The Tie Bar CEO Allyson Lewis noted in an interview Lewis is how the eCommerce Tie Bar brand made a full migration to permanent physical stores — now up and running in Boston, Chicago and New York. “We’ve Brick-and-mortar retail oftentimes gets a bad rap in 2018. It’s not wholly undeserved, of course. MORE
(The Paypers) On December, 10, Bitcoin begun trading on the CBOE futures exchange in Chicago at 23:00 GMT, according to BBC MORE
Asset Recovery Associates told borrowers that it could sue them, garnish their wages and place liens against their homes, according to a consent order by the consumer bureau. Debt collection Enforcement actions Corporate governance CFPB Illinois MORE
Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. Kim had worked for Consolidated Trading LLC, which recently formed a cryptocurrency group. MORE
Daimler’s car-sharing service Car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. TechCrunch reported the Chicago Police Department confirmed the crime and said the investigation was continuing. MORE
10:00 a.m. - 12:00 p.m. Local Host: Illinois Credit Union League. Filene Host: Brenton Peck. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW? MORE
Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Including Boston and Chicago, which could see service as soon as the end of summer, Rinse has plans to expand into 10 new cities in the immediate future and eventually to go nationwide. The dry cleaning industry isn’t working. Customers feel it, vendors feel it— but both parties need it to work. MORE
The Amazon Go store is getting ready to expand into San Francisco and Chicago. We plan to open Amazon Go in Chicago and San Francisco,” said an Amazon spokesperson, who didn’t have information about other cities where the store might launch. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years. It’s located on the ground floor of the eCommerce giant’s new headquarters. MORE
Due to the weather, this event has been cancelled. 1:00 p.m. - 3:00 p.m. Local Host: Alliant Credit Union. Filene Host: Cortney Angeley. WHAT IS AN IMPACT ROADSHOW? MORE
Sephora is expanding its Beauty TIP Workshop store format to Chicago — with some fancy new high tech flourishes added. Considering that the new Chicago location features some 13,000 products to play with in their interactive environment — actually a lot. The beauty brand currently has similar locations in Boston, San Francisco and Toronto. MORE
MB Financial in Chicago has appointed an executive from an advanced analytics company to its board. The $19 billion-asset company said in a press release Thursday that Sunil "Sonny" Garg is the energy solutions leader at Uptake. breaking_news bank-technology people corporate-governance il community-banking MORE
The company is reportedly looking to bring a two-story flagship store to the Windy City, according to the Chicago Tribune. In the past, the Chicago Tribune noted that retail and technology experts had thought Google would build stores to create a place to highlight its electronics. Sam’s Club plans to convert a former store outside of Chicago into a fulfillment center for eCommerce orders. MORE
But for Replay Lincoln Park , a popular arcade-bar in Chicago, the forthcoming eighth and final season of “Game of Thrones” is more than an opportunity to sell some Arbor Gold and Fire & Blood beer (the officially licensed “Game of Thrones” beers brewed by Ommegang Brewery). “Game of Thrones” has no difficulty driving viewership. HBO’s sprawling epic fantasy series started out with a relatively small audience when it premiered in April of 2011 — about 2.2. MORE
Amazon is dominating in the eCommerce world, but that doesn’t mean it doesn’t see value in physical store fronts, with the eCommerce retailer gearing up to open up an offline store in Chicago’s Lakeview neighborhood. In a report by Chicago Tribune , Amazon spokeswoman Deborah Bass confirmed in an email it is bringing an offline bookstore, dubbed Amazon Books, to Southport in Chicago. MORE
As grocers ramp up their digital offerings, Meijer is gearing up to launch a self-scanning mobile app in the Chicago area that allows shoppers to scan their purchases throughout the store and check out at a dedicated counter. But shoppers will still have the option of a traditional checkout experience, The Chicago Tribune reported. Meijer Spokesman Frank Guglielmi told The Chicago Tribune , “We want our shoppers to shop the store the way they want.”. MORE
Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers. MORE
Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y. breaking_news community-banking consumer-finance dealmaking-strategy MORE
Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers. Before we jump into the post, here are a few quick facts about Chicago and its tech scene: . Chicago’s population is 2,720,546 (2015). MORE
Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. In addition, another small-format store in Chicago’s Wicker Park neighborhood will open this summer. MORE
A vote in Chicago this week could decide if Uber and Lyft will continue to operate there, as the vote from the full city council will determine whether or not ride-sharing firms will have to comply with the same types of regulations city-licensed taxi drivers are forced to. The so-called “Rideshare Reform” rules have already passed a subcommittee of the Chicago City Council as of Friday, with the full vote scheduled for tomorrow. Retail Chicago Lyft Uber MORE
Byline Bancorp is in discussions to buy Parkway Bank and Trust, according to a local publication. Community banking M&A Growth strategies Illinois MORE
The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast. Branch banking Consumer banking Regional banks Growth strategies U.S. Bancorp MORE
Digital currency exchange Coinbase has shuttered its Chicago office and laid off 30 engineers, according to a report in Fortune. We have made the difficult decision to consolidate the matching engine efforts and thus wind down the matching engine team in Chicago. MORE
Daimler’s car-sharing service car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. The Chicago Police Department confirmed the theft and said the investigation was continuing. MORE
The post NAFCU, CUs meet with Chicago Fed appeared first on CUInsight. Compliance/Regulation Industry News Andrew Morris Charles Evans Curt Long Federal Reserve Bank of Chicago NAFCU MORE
Steak 48, a Chicago-based steakhouse, is embracing mobile wallet applications from China by adding WeChat Pay to the platforms it accepts after previously adding UnionPay MORE
Bank and credit union executives and leading industry experts will convene September 23-25 in Chicago, Illinois, for the premier banking conference covering the ALLL and stress testing. MORE
Sprig , the mobile app that allows customers to find and order “delicious meals” made with “honest ingredients” that can be delivered to their doorstep quickly, is changing up its delivery model and pausing operations in Chicago, according to TechCrunch. As part of this reorganization, Sprig will be laying off seven employees in its marketing and operations team; Sprig has also let go of its local drivers and kitchen staff in Chicago. MORE
As Lululemon looks to compete with Amazon and differentiate itself, the fitness apparel retailer is opening a massive store in Chicago. The location, which is in the city’s Lincoln Park neighborhood, is 20,000 square feet, CNBC reported. MORE
The program is a pilot that will come at zero cost to Chicago taxpayers. In terms of the tech business in Chicago, it calls itself a “living lab” within which GCBA can explore certain issues. Hany Fam, EVP of Mastercard enterprise partnerships, said Mastercard applauds “the City of Chicago for pioneering a ‘living lab’ – as an optimized interaction between cities and their tech sectors can help drive inclusive growth and a better quality of life.”. MORE
According to Venture Beat , the Chicago store is located at 113 S. Amazon Go has launched another store, this time in the Windy City. Franklin Street, and offers standard convenience store fare that includes breakfast, lunch and dinner meal kits and hot food. The location will only be open on weekdays from 7 a.m. to 8 p.m. This is the fourth Go store and the first to open outside of Amazon’s hometown of Seattle. MORE
Stephen Calk, the founder of the Federal Savings Bank of Chicago, a mortgage lender and a former economic adviser to President Trump’s 2016 campaign, has been charged with bribing Paul Manafort, Trump’s former campaign chairman. MORE
Verizon has activated its 5G wireless network in Chicago and Minneapolis, the company announced on Wednesday (April 3), and it plans to roll it out to 30 more markets by the end of the year, according to a report by CNBC. The company won’t see revenue from the new network until 2021, Verizon CEO Hans Vestberg said. The 5G network will be a complement to “5G Home,” which is Verizon’s wireless alternative to cable. MORE
The company will pick up five branches as part of the $48 million deal. Community banking M&A Growth strategies Illinois MORE
The more people you meet from the Chicago FinTech scene, the more it draws you in. I really enjoyed my conversation with Jason Henrichs who is involved with a lot. Fintech Insights insights US MORE
Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed. MORE
Chicago Related Topics PYMNTS
APRIL 23, 2019
Digital currency exchange Coinbase has shuttered its Chicago office and laid off 30 engineers, according to a report in Fortune. We have made the difficult decision to consolidate the matching engine efforts and thus wind down the matching engine team in Chicago.
PYMNTS
SEPTEMBER 9, 2019
Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.
PYMNTS
APRIL 18, 2019
Daimler’s car-sharing service car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. The Chicago Police Department confirmed the theft and said the investigation was continuing.
Mobile Payments Today
JUNE 18, 2019
Steak 48, a Chicago-based steakhouse, is embracing mobile wallet applications from China by adding WeChat Pay to the platforms it accepts after previously adding UnionPay
PYMNTS
MAY 23, 2019
Stephen Calk, the founder of the Federal Savings Bank of Chicago, a mortgage lender and a former economic adviser to President Trump’s 2016 campaign, has been charged with bribing Paul Manafort, Trump’s former campaign chairman.
PYMNTS
JULY 11, 2019
As Lululemon looks to compete with Amazon and differentiate itself, the fitness apparel retailer is opening a massive store in Chicago. The location, which is in the city’s Lincoln Park neighborhood, is 20,000 square feet, CNBC reported.
PYMNTS
MARCH 24, 2017
Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers. Before we jump into the post, here are a few quick facts about Chicago and its tech scene: . Chicago’s population is 2,720,546 (2015).
PYMNTS
MAY 15, 2017
is expanding in Chicago as it targets both brick-and-mortar and online expansion. According to Chain Store Age , the fashion retailer will open a flagship on Rush Street in Chicago this fall. ” Retail Aritzia canada Chicago fashion fashion retailer usCanada’s Aritzia Inc. The Vancouver, British Columbia–based company already operates a store in the Windy City, at Water Tower Place.
Bank Innovation
JUNE 6, 2019
Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.
PYMNTS
SEPTEMBER 16, 2016
The program is a pilot that will come at zero cost to Chicago taxpayers. In terms of the tech business in Chicago, it calls itself a “living lab” within which GCBA can explore certain issues. Hany Fam, EVP of Mastercard enterprise partnerships, said Mastercard applauds “the City of Chicago for pioneering a ‘living lab’ – as an optimized interaction between cities and their tech sectors can help drive inclusive growth and a better quality of life.”.
PYMNTS
APRIL 18, 2019
Daimler’s car-sharing service Car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. TechCrunch reported the Chicago Police Department confirmed the crime and said the investigation was continuing.
PYMNTS
MARCH 5, 2019
But for Replay Lincoln Park , a popular arcade-bar in Chicago, the forthcoming eighth and final season of “Game of Thrones” is more than an opportunity to sell some Arbor Gold and Fire & Blood beer (the officially licensed “Game of Thrones” beers brewed by Ommegang Brewery). “Game of Thrones” has no difficulty driving viewership. HBO’s sprawling epic fantasy series started out with a relatively small audience when it premiered in April of 2011 — about 2.2.
PYMNTS
OCTOBER 30, 2017
Sterling Bay, a Chicago developer, is throwing in a sports and concert stadium into its proposal for Amazon’s second U.S. According to a news report in the Chicago Tribune , the developer’s Lincoln Yards project includes the ability for Amazon to have a stadium at its headquarters. The city asked us for our boldest ideas on Amazon’s HQ2, and that’s what we did at Lincoln Yards,” Sterling Bay managing principal Andy Gloor said in an email to the Chicago Tribune.
PYMNTS
APRIL 4, 2018
Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. In addition, another small-format store in Chicago’s Wicker Park neighborhood will open this summer.
BankThink
SEPTEMBER 6, 2019
Both banks focus on the Chinese-American community. Community banking M&A Growth strategies California Illinois
PYMNTS
MAY 15, 2018
The Amazon Go store is getting ready to expand into San Francisco and Chicago. We plan to open Amazon Go in Chicago and San Francisco,” said an Amazon spokesperson, who didn’t have information about other cities where the store might launch. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years. It’s located on the ground floor of the eCommerce giant’s new headquarters.
PYMNTS
FEBRUARY 16, 2018
Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. Kim had worked for Consolidated Trading LLC, which recently formed a cryptocurrency group.
BankThink
JULY 26, 2019
Byline Bancorp is in discussions to buy Parkway Bank and Trust, according to a local publication. Community banking M&A Growth strategies Illinois
PYMNTS
OCTOBER 5, 2016
Meanwhile, the Chicago City Council is gearing up to consider a moratorium on doing any bond-related business with Wells Fargo as well. Banking Chicago fake account scandal Illinois News wells fargo What's HotThe Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo.
PYMNTS
AUGUST 29, 2016
Amazon is dominating in the eCommerce world, but that doesn’t mean it doesn’t see value in physical store fronts, with the eCommerce retailer gearing up to open up an offline store in Chicago’s Lakeview neighborhood. In a report by Chicago Tribune , Amazon spokeswoman Deborah Bass confirmed in an email it is bringing an offline bookstore, dubbed Amazon Books, to Southport in Chicago.
PYMNTS
APRIL 18, 2018
As grocers ramp up their digital offerings, Meijer is gearing up to launch a self-scanning mobile app in the Chicago area that allows shoppers to scan their purchases throughout the store and check out at a dedicated counter. But shoppers will still have the option of a traditional checkout experience, The Chicago Tribune reported. Meijer Spokesman Frank Guglielmi told The Chicago Tribune , “We want our shoppers to shop the store the way they want.”.
Let's Talk Payments
JUNE 8, 2017
The more people you meet from the Chicago FinTech scene, the more it draws you in. I really enjoyed my conversation with Jason Henrichs who is involved with a lot. Fintech Insights insights US
Abrigio
JANUARY 27, 2015
Bank and credit union executives and leading industry experts will convene September 23-25 in Chicago, Illinois, for the premier banking conference covering the ALLL and stress testing.
CU Insight
SEPTEMBER 2, 2019
The post NAFCU, CUs meet with Chicago Fed appeared first on CUInsight. Compliance/Regulation Industry News Andrew Morris Charles Evans Curt Long Federal Reserve Bank of Chicago NAFCU
BankThink
JUNE 5, 2019
The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast. Branch banking Consumer banking Regional banks Growth strategies U.S. Bancorp
PYMNTS
JUNE 21, 2016
A vote in Chicago this week could decide if Uber and Lyft will continue to operate there, as the vote from the full city council will determine whether or not ride-sharing firms will have to comply with the same types of regulations city-licensed taxi drivers are forced to. The so-called “Rideshare Reform” rules have already passed a subcommittee of the Chicago City Council as of Friday, with the full vote scheduled for tomorrow. Retail Chicago Lyft Uber
BankThink
AUGUST 28, 2019
Asset Recovery Associates told borrowers that it could sue them, garnish their wages and place liens against their homes, according to a consent order by the consumer bureau. Debt collection Enforcement actions Corporate governance CFPB Illinois
PYMNTS
AUGUST 29, 2016
Sephora is expanding its Beauty TIP Workshop store format to Chicago — with some fancy new high tech flourishes added. Considering that the new Chicago location features some 13,000 products to play with in their interactive environment — actually a lot. The beauty brand currently has similar locations in Boston, San Francisco and Toronto.
Filene
JUNE 21, 2016
10:00 a.m. - 12:00 p.m. Local Host: Illinois Credit Union League. Filene Host: Brenton Peck. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW?
Filene
FEBRUARY 9, 2018
Due to the weather, this event has been cancelled. 1:00 p.m. - 3:00 p.m. Local Host: Alliant Credit Union. Filene Host: Cortney Angeley. WHAT IS AN IMPACT ROADSHOW?
PYMNTS
APRIL 3, 2019
Verizon has activated its 5G wireless network in Chicago and Minneapolis, the company announced on Wednesday (April 3), and it plans to roll it out to 30 more markets by the end of the year, according to a report by CNBC. The company won’t see revenue from the new network until 2021, Verizon CEO Hans Vestberg said. The 5G network will be a complement to “5G Home,” which is Verizon’s wireless alternative to cable.
BankThink
JULY 25, 2019
The company agreed to buy the parent of Countryside Bank for $90.5 million. Community banking M&A Growth strategies Illinois
Keith Leggett's Credit Union Watch
JUNE 18, 2019
Crain Chicago Business is reporting that Verve Credit Union (Oshkosh, WI) has entered into a deal to buy South Central Bank (Chicago, IL). While the sales price was not disclosed, Crain Chicago stated that the price was "higher than the going rate of about 1.5 times book value for community banks in Chicago." This is the second Illinois bank to be acquired by an out-of-state credit union in the last 7 months. Verve Credit Union has $986 million in assets.
BankThink
JUNE 5, 2019
The company will pick up five branches as part of the $48 million deal. Community banking M&A Growth strategies Illinois
BankThink
AUGUST 1, 2017
Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states. Community banking Regional banks Capital Illinois Indiana Wisconsin
PYMNTS
FEBRUARY 8, 2018
And adapting to those evolutions – and following them through, ” The Tie Bar CEO Allyson Lewis noted in an interview Lewis is how the eCommerce Tie Bar brand made a full migration to permanent physical stores — now up and running in Boston, Chicago and New York. “We’ve Brick-and-mortar retail oftentimes gets a bad rap in 2018. It’s not wholly undeserved, of course.
PYMNTS
AUGUST 17, 2018
The company is reportedly looking to bring a two-story flagship store to the Windy City, according to the Chicago Tribune. In the past, the Chicago Tribune noted that retail and technology experts had thought Google would build stores to create a place to highlight its electronics. Sam’s Club plans to convert a former store outside of Chicago into a fulfillment center for eCommerce orders.
PYMNTS
AUGUST 1, 2016
Sprig , the mobile app that allows customers to find and order “delicious meals” made with “honest ingredients” that can be delivered to their doorstep quickly, is changing up its delivery model and pausing operations in Chicago, according to TechCrunch. As part of this reorganization, Sprig will be laying off seven employees in its marketing and operations team; Sprig has also let go of its local drivers and kitchen staff in Chicago.
PYMNTS
JUNE 23, 2017
Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Including Boston and Chicago, which could see service as soon as the end of summer, Rinse has plans to expand into 10 new cities in the immediate future and eventually to go nationwide. The dry cleaning industry isn’t working. Customers feel it, vendors feel it— but both parties need it to work.
The Paypers
DECEMBER 11, 2017
(The Paypers) On December, 10, Bitcoin begun trading on the CBOE futures exchange in Chicago at 23:00 GMT, according to BBC
American Banker
NOVEMBER 3, 2016
MB Financial in Chicago has appointed an executive from an advanced analytics company to its board. The $19 billion-asset company said in a press release Thursday that Sunil "Sonny" Garg is the energy solutions leader at Uptake. breaking_news bank-technology people corporate-governance il community-banking
American Banker
APRIL 26, 2016
Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y. breaking_news community-banking consumer-finance dealmaking-strategy
BankThink
APRIL 5, 2019
The bank is pledging to lend another $2 billion in a market where it has invested $3.6 billion in various community development initiatives since 2016. Most of the new funds will be used to make loans to small businesses that operate in low- and moderate-income neighborhoods. Small business Small business lending Corporate philanthropy M&A Fifth Third Bancorp
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