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American Heartland Can Tell Us a Lot About What’s Wrong With ESG

Nov. 16, 2021, 10:56 AM

What is Fifth Third Bancorp? By most accounts, it’s a regional bank based in Cincinnati. Descended from the Bank of the Ohio Valley founded in 1858 to service an influx of western-bound settlers and then merged with a succession of local lenders in subsequent decades, the company has grown to become the quintessential mid-sized bank for Middle America.

Its history has often mirrored that of its founding state, with Fifth Third helping to fund the growth of what historian Steven J. Ross has called the “first great industrial metropolis of the Midwest.” Nowadays the company is a reliable lender and issuer in capital markets. Credit ...