Fifth Third to increase hourly minimum to $18

Local News

EVANSVILLE, Ind. (WEHT) – On Tuesday, Fifth Third Bancorp announced that it’s increasing its minimum hourly wage.

In 2018, the bank bumped it up to $15 and it’s now being raised to $18 which is a 50% increase in two years.

The change will impact 350 employees in Indiana, according to Fifth Third.

“We’re pleased to invest in the people who, every day, deliver banking that is a Fifth Third better,” said Chairman, President and CEO Greg D. Carmichael. “A competitive compensation and benefits package is essential to our ability to attract and retain the industry’s best and brightest. It is that talent that differentiates Fifth Third and enables us to serve our customers with distinction.”

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This story was originally published on August 6, 2019

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