JARC represents a forward-thinking organization that is constantly evolving to meet the needs of its community. Just as Fifth Third continues to re-invent itself, we have found JARC to be one of the most progressive organizations we have worked with.
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Farmington Hills, MI (PRWEB) May 3, 2010
Banks and other financial institutions have worked extremely hard in recent months, to secure the trust, faith and support of the local communities in which they serve. Fifth Third is no exception. "Fifth Third has a rich legacy of community engagement,” said Dave Girodat, President of Fifth Third Bank, Eastern Michigan.
"Today we are announcing a new partnership with JARC, a Michigan non-profit and national leader in serving people with developmental disabilities,” said Girodat. "JARC represents a forward-thinking organization that is constantly evolving to meet the needs of its community. Just as Fifth Third continues to re-invent itself, we have found JARC to be one of the most progressive organizations we have worked with.”
According to a recently released study (March 29, 2010) by Penn Schoen Berland, Landor Associates, and Burson-Marsteller, more than 75 percent of consumers say that it is important for companies to be socially responsible. "Despite the recession, we make sure we take an active role, wherever we have financial centers,” said Girodat.
"Our partnership with Fifth Third reflects the growing need in this community to partner with corporations interested in giving back to the communities they serve by supporting organizations like JARC,” said Richard Loewenstein, CEO of JARC. "We are grateful for their support and look forward to their active engagement in our organization.”
"As part of our partnership, Fifth-Third will provide staff support, financial support when appropriate, explore co-branding opportunities and otherwise find ways to enhance their relationship, to help us each accomplish our mission,” Loewenstein said.
"In fact, our staff is already looking forward to attending JARC's SpringElation event on May 27, to benefit its children's division, while planting flowers at a number of its homes throughout Oakland County over the summer months,” exclaimed Jack Riley, Senior Vice President of Marketing, Fifth Third Bank, Eastern Michigan.
The Fifth Third Foundation made over 200 grants last year to deserving organizations, which work constantly to give hope to the people they serve. The grants represented nearly $3.4 million in community support of education, health and human services, community development and arts and culture.
JARC is a non-profit organization dedicated to enriching the lives of men, women and children with disabilities. Founded in 1969 by a group of parents concerned about the future of their children with developmental disabilities, JARC is one of the nation's largest providers of community-based residential services, serving 150 adults in its group homes and various supported independent living arrangements.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $113 billion in assets, operates 16 affiliates with 1,309 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,364 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2010, had $190 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 http://www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB."
Daniel Cherrin, (313) 300-0932
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