Fifth Third Receives $50M Allocation In Federal New Markets Tax Credits From U.S. Treasury's $5B Fund, One Of 104 Entities To Receive Award
Portfolio Pulse from Benzinga Newsdesk
Fifth Third Bank has been awarded a $50 million allocation in federal New Markets Tax Credits from the U.S. Treasury's $5 billion fund. It is one of 104 entities to receive this award.
September 26, 2024 | 12:06 pm
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Fifth Third Bank has received a $50 million allocation in federal New Markets Tax Credits, which could enhance its financial position and community investment capabilities.
The $50 million allocation in New Markets Tax Credits can positively impact Fifth Third Bank by enhancing its ability to invest in community development projects, potentially improving its financial performance and public image.
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