a nationwide reemployment solutions company, is pleased to announce that
its Homeowner ReemploymentTM program has become immediately
available to other financial institutions, due to an agreement with
Fifth Third Bank to accelerate the expiration of an exclusivity clause.
A multi-year contract had been announced in early February regarding an
industry-first program that gives unemployed mortgage borrowers job
search assistance, including one-on-one dedicated coaching, weekly
webinars and online job search software, fully paid for by Fifth Third
Bank. The two companies had piloted the program throughout 2012, and
nearly 40% of unemployed mortgage borrowers had secured full time
employment within six months of joining the program.
“We are excited to be able to extend this program to unemployed mortgage
borrowers at other banks because of this decision,” said John Courtney,
CEO of NextJob. “When the program was announced, it generated nationwide
media coverage and interest from other financial institutions. Fifth
Third Bank’s decision to waive their exclusivity provision is a great
step in helping more job seekers move forward with their search for
meaningful, full time employment.”
Kevin Kabat, Chief Executive Officer of Fifth Third Bank, said, “We
believe the Homeowner Reemployment program is an idea whose time has
come for the banking industry, and we feel so strongly about helping the
unemployed find jobs that we wanted to make sure that any bank who
wanted to offer the program to its customers could do so.” Kabat noted
that as the first bank to provide this type of assistance to its
customers, Fifth Third is willing to share lessons learned and answer
questions from bank CEOs or senior mortgage executives who are
interested in learning more.
Headquartered in Bend, Oregon, NextJob is a nationwide firm focused on
full employment in America. Founded on the Golden Rule, its mission is
to provide creative reemployment solutions for employers, lenders,
government, schools and others to help job seekers land jobs and avoid
the many impacts of unemployment. NextJob’s service provides high
quality, one-on-one job coaching and multimedia online learning that is
highly effective, affordable and accountable. www.nextjob.com.
Homeowner ReemploymentTM is a trademark of NextJob, Inc.
Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $122 billion in
assets and operates 15 affiliates with 1,320 full-service Banking
Centers, including 104 Bank Mart® locations open seven days a week
inside select grocery stores and 2,417 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania,
Missouri, Georgia and North Carolina. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending, and
Investment Advisors. Fifth Third also has a 33% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in the
Midwest and, as of December 31, 2012, had $308 billion in assets under
care, of which it managed $27 billion for individuals, corporations and
not-for-profit organizations. Investor
information and press
releases can be viewed at www.53.com.
Fifth Third's common stock is traded on the NASDAQ® National Global
Select Market under the symbol "FITB." Fifth Third Bank. Member FDIC.
Copyright © 2013 Fifth Third Bank, Member FDIC, Equal Housing Lender,
All Rights Reserved.