Lexington, KY - Fifth Third Bank announced over the weekend that they have the capacity to extend $28 billion in new and renewed credit to qualified commercial and small business customers through July.
So far this year, the Cincinnati-based bank has extended $10 billion in credit to businesses across the country.
"We understand the key role that businesses play in the continued economic recovery, specifically as it relates to job growth" Gary Loucks, VP of Business Banking for Fifth Third's Kentucky operations, said in a release.
"We have the strong capital position and dedicated resources capable of making this significant lending impact," said SVP Mike Ash, of Commercial Banking for Fifth Third's Kentucky operations and President of the Lexington Market. "While uncertainty remains and borrowers continue to proceed with caution, we think it's important that our clients understand our willingness to help them get back to business."
Fifth Third Bancorp has 1,314 full-service Banking Centers operated by 15 affiliates with a presence in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina.