‘Fifth Third Babies’ born on May 3 in select
Tampa Bay and Northeast Ohio hospitals received $1,053 to go toward
a 529 savings account
Fifth Third recognizes the burden that the cost of education can
put on parents – whether it is a college program, vocational or
trade school – and has once again provided a savings boost for
future education. 115 babies in Northeast Ohio and Tampa Bay who
were born on “Fifth Third Day” (5/3 on the calendar) received a
gift of $1,053 to be put toward a 529 savings account.
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Fifth Third regional presidents and local
celebrities greeted new moms and dads in select Tampa and Cleveland
area hospitals, and presented the college savings gift, along with
a care package that includes gift cards, a onesie, beanie and bib.
(Photo: Business Wire)
“It was an exciting day to welcome newborns and provide their
families with an opportunity to impact their child’s future,” said
Tom Partridge, Fifth Third’s Northern Ohio regional president. “We
know these contributions will make a big difference and give them a
head start on saving.”
Fifth Third regional presidents Tom Partridge and Cary Putrino,
Cleveland resident and TNT Sports sideline reporter Allie LaForce
and Tampa Bay Buccaneers Will Gholston, K.J. Britt and YaYa Diaby
greeted the new moms and dads and presented the college savings
gift, along with a care package that includes gift cards, a onesie,
beanie and bib.
“It was an honor to welcome the newest members of our community
on a day that is near and dear to Fifth Third,” said Cary Putrino,
regional president of North Florida for Fifth Third Bank. “Finding
ways to strengthen families and communities is core to what we do,
and I can’t think of a better way to support parents and children
than helping them start saving for their future education.”
Fifth Third partnered with 22 hospitals across Northeast Ohio
and Tampa to present the 529 gifts to parents. Fifth Third also
provided goodie bags to the nurses at these hospitals to show
appreciation for all they do for the moms and babies.
“Fifth Third Day is a special day. It’s my birthday and now my
child’s birthday, too,” said a new father, Rob, whose baby was born
at MetroHealth in Cleveland, Ohio. “Receiving this gift is a great
start for the future.”
Mariangely Hernandez, mother to a baby girl who was born on May
3 at AdventHealth Tampa added, "Every parent dreams that their
child has this start.”
Since Fifth Third Day in 2017, the Bank has gifted more than 600
babies with $1,053 to go toward any 529 college savings account, in
partnership with the Gift of College in recent years.
The average total cost for a year of college at a four-year
school — including tuition and fees, on-campus room and board,
books, supplies, and other expenses — is more than $36,436; or
roughly $146,000 over the course of four years1. And the cost of
trade school can be up to $22,000 annually.2
Three tips for getting started with a college savings
account
Patricia Roberts is the chief operating officer of Gift of
College and author of Route 529: A Parent’s Guide to Saving for
College and Career Training with 529 Plans.
When it comes to starting a savings account for your child,
Roberts offers the following tips to new parents:
- Explore your state’s 529 plan options and open an account as
soon as possible.
- Set up automatic contributions from your paycheck or bank
account.
- Invite friends and family to contribute for birthdays, holidays
and other special occasions.
Sweepstakes for all
You don't have to be born on 5/3 to start saving for a sunny
future! Fifth Third is extending its Fifth Third Babies gift of
$1,053 to go toward a 529 college savings plan to all communities
with the Fifth Third Babies Sweepstakes3. Parents can enter to win
$1,053 by following Fifth Third Bank and commenting on a
sweepstakes post on Facebook and Instagram between May 13 and 29.
Five winners will receive a head start on their college savings
fund.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association, is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com.
1According to BestColleges.com, based on 2021-2022 data.
2According to BestColleges.com 2023 data.
3NO PURCHASE NECESSARY. Must be at least 18 years old to enter.
Sweepstakes only open to residents of Michigan, Illinois, Indiana,
Ohio, Kentucky, West Virginia, Tennessee, North Carolina, South
Carolina, Georgia, and Florida. Odds of winning depend upon the
number of eligible entries received. Void where prohibited.
Sweepstakes begins May 13, 2024, and ends 11:59 PM ET May 29, 2024.
For complete sweepstakes rules please see a Fifth Third Bank
representative or visit 53.com/babies. Sweepstakes is in no way
sponsored, endorsed, administered by, or associated with, Meta
Platform, Facebook, or Instagram.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240506692684/en/
Beth Oates (Media Relations) Beth.Oates@53.com |
313-230-9002
Matt Curoe (Investor Relations) Matthew.Curoe@53.com |
513-534-2345
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