- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text=Could a Bank's $20 Million Investment Add Up to Better Days for South Chicago? https://www.3blmedia.com/markdownify/node/350166?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/350166?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/350166?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject=Could a Bank's $20 Million Investment Add Up to Better Days for South Chicago?&body=ESG News from Fifth Third Bancorp https://www.3blmedia.com/markdownify/node/350166?absolute=1 "Share via email") [Sustainable Finance & Socially Responsible Investment](/CSR-News/sustainable-finance-socially-responsible-investment) # Could a Bank's $20 Million Investment Add Up to Better Days for South Chicago? ##### Here’s hoping Fifth Third bank’s investment sparks a major rejuvenation of this long-struggling Chicago neighborhood. Oct 18, 2021 3:20 PM ET Campaign: [Fifth Third’s Neighborhood Program](/news/campaign/fifth-thirds-neighborhood-program) ![South Chicago building exterior](/sites/default/files/styles/carousel_2x/public/images/FifthThirdSouthChicago.png "The former South Chicago YMCA, now senior housing, could get a restored community swimming pool under an investment plan for the neighborhood by Fifth Third Bank | Preservation of Affordable Housing") The former South Chicago YMCA, now senior housing, could get a restored community swimming pool under an investment plan for the neighborhood by Fifth Third Bank | Preservation of Affordable Housing [Originally published by the Chicago Sun-Times](https://chicago.suntimes.com/2021/10/17/22725535/fifth-third-bank-investment-south-chicago-steel-mills-editorial-claretian-associates) *By CST Editorial Board* The South Chicago community literally helped make Chicago. For most of the 20th century, many of our city’s skyscrapers, expressways and bridges were built with steel that the neighborhood’s mills — namely the giant U.S. Steel South Works plant — churned out around the clock and by the freightload, providing thousands of good-paying jobs along the way. And then what happened? The days of Big Steel ebbed in the 1970s and then ended, and the city and its institutions repaid its debt to South Chicago by allowing it to become yet another neighborhood debilitated by chronic disinvestment. So we were glad last week to hear [the announcement that Fifth Third Bank](https://chicago.suntimes.com/2021/10/12/22722539/fifth-third-bank-south-chicago-neighborhood-investment-small-business-affordable-housing) will be making a three-year $20 million investment in the South Chicago neighborhood. [**Continue reading**](https://chicago.suntimes.com/2021/10/17/22725535/fifth-third-bank-investment-south-chicago-steel-mills-editorial-claretian-associates) [![Fifth Third Bancorp logo](/sites/default/files/2025-01/Logo_Primary-Stacked-Full%20%281%29.png)](/profiles/fifth-third-bancorp) ### More from Fifth Third Bancorp ###### [Fifth Third Named to Forbes List of World’s Best Banks 2026 Ranking](/news/fifth-third-named-forbes-list-worlds-best-banks-2026-ranking) Apr 8, 2026 9:05 AM ET ###### [Fifth Third Named Among World’s Most Admired Companies™ by Fortune Magazine ](/news/fifth-third-named-among-worlds-most-admired-companiestm-fortune-magazine) Feb 18, 2026 8:05 AM ET ###### [Meet the Athletes Behind ‘Team Fifth Third’ and the Stories That Move Them Forward](/news/meet-athletes-behind-team-fifth-third-and-stories-move-them-forward) Feb 17, 2026 2:55 PM ET ###### [Fifth Third Receives $85M New Markets Tax Credits Award From U.S. Treasury](/news/fifth-third-receives-85m-new-markets-tax-credits-award-us-treasury) Jan 16, 2026 8:35 AM ET ###### [Fifth Third Awards Nearly $145,000 in Grants and Tips in Annual 'Swap, Snap, Share' Small Business Appreciation Campaign](/news/fifth-third-awards-nearly-145000-grants-and-tips-annual-swap-snap-share-small-business) Dec 17, 2025 5:00 PM ET ###### [Fifth Third Named a 2025 Leading Disability Employer by the National Organization on Disability](/news/fifth-third-named-2025-leading-disability-employer-national-organization-disability) Oct 23, 2025 2:15 PM ET ###### [Fifth Third Again Named Among America’s Climate Leaders by USA Today](/news/fifth-third-again-named-among-americas-climate-leaders-usa-today) Sep 18, 2025 9:15 AM ET ###### [Fifth Third Again Named Top Veteran-Friendly Employer by U.S. Veterans Magazine](/news/fifth-third-again-named-top-veteran-friendly-employer-us-veterans-magazine) Aug 28, 2025 9:15 AM ET