Fifth Third Bank strives to develop relationships with Minority- and Women-Owned (MBE/WBE) suppliers because these businesses bring innovation to the way the Bank does business. MBE/WBEs broaden the Company's diverse supplier base. They provide jobs and allow us to build mutually beneficial banking relationships.
We buy millions of dollars in goods and services annually for the supplies, equipment and buildings we need to help people and business owners save money, buy homes, invest for retirement, build and grow.
To encourage new approaches to the way Fifth Third Bank does business, the Company established the Supplier Diversity Program. The program's online portal at www.Bid53.com helps connect vendors with business opportunities. The Bank negotiates commitments with Tier I direct suppliers to use these vendors as indirect suppliers too, so that a direct percentage of dollars are spent with minority-owned firms.