Fifth Third Bank Makes Strategic $3 Million Investment in Clearinghouse CDFI

On March 24, 2026, Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) proudly announced a notable investment of $3 million in Class A equity from Fifth Third Bank. This investment not only marks Fifth Third Bank's inaugural equity stake in Clearinghouse CDFI but also sets the stage for a significant collaboration that aims to enhance community financing across multiple regions.

Clearinghouse CDFI intends to utilize this capital for financing diverse projects that contribute to the economic prosperity and vital services within underserved communities. The funding will primarily focus on multi-family affordable housing developments, commercial real estate initiatives, support for small businesses, and enhancements to community facilities.

Established in 1996, Clearinghouse CDFI has carved a niche as a nationwide lender dedicated to tackling complex financing challenges, particularly in projects that traditional funding avenues might overlook. The states benefiting from this strategic investment include Ohio, Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, South Carolina, Tennessee, West Virginia, California, Arizona, and Texas. This expansive geographical reach demonstrates Clearinghouse CDFI's commitment to fostering inclusive economic development.

Douglas J. Bystry, the founder, President, and CEO of Clearinghouse CDFI, expressed enthusiasm about the partnership: "A $3 million equity investment represents a significant commitment and launches a strong community partnership. We welcome Fifth Third Bank as an investor and deeply appreciate their dedication to improving lives through financial empowerment."

This equity investment is a strategic move that broadens Fifth Third Bank's community development initiatives, reinforcing their role in providing flexible and impactful capital. Susan Thomas, the head of community development for Fifth Third Bank, emphasized the importance of CDFIs in financing initiatives that might fall outside of conventional funding frameworks. She noted, "Our investment in Clearinghouse CDFI pairs our capital with their specialized expertise, enabling us to accelerate inclusive growth and deliver lasting economic benefits in the communities we serve."

Since its inception, Clearinghouse CDFI has managed over $865 million in assets and has facilitated more than $2 billion in loans to support over 2,770 community-centric projects, thereby creating or preserving over 45,250 jobs and 14,000 affordable housing units. Moreover, these efforts have directly benefited upwards of 5.2 million individuals, showcasing their significant impact on community development and economic growth.

Clearinghouse CDFI operates with a dual focus on profitability and mission-driven objectives, demonstrating that socially responsible lending can be both financially sustainable and impactful. The organization has also achieved consistent financial performance, maintaining profitability for 26 consecutive years, thus proving that ethical lending aligns with long-term financial discipline.

Additionally, Clearinghouse CDFI has earned recognition as a Certified B Corporation, scoring well above the certification threshold, highlighting its commitment to balancing mission and profit while ensuring tangible outcomes for the communities it serves.

In conclusion, the partnership between Fifth Third Bank and Clearinghouse CDFI signifies a landmark moment in community financing, poised to create lasting economic opportunities in many underserved communities. The collaboration is expected to address vital needs and enhance lives, underlining the essential role these institutions play in the financial landscape.

For more information about Clearinghouse CDFI and their initiatives, please visit www.ccdfi.com.