Fifth Third Bank to invest $100M in Opportunity Zones
In coming months, banks could receive a huge incentive to lend and invest in Opportunity Zones thanks to a change in banking legislation.
Cincinnati-based Fifth Third Bank is already doubling down that this will happen. The bank announced it plans to invest $100 million into real estate projects in low-income urban and rural areas in its 10-state footprint. The announcement marks one of the largest investments in the Opportunity Zones program by a commercial bank.