The Bank Slate


Fifth Third’s bank to absorb fintech Provide

Fifth Third Bancorp in Cincinnati is planning to merge Provide, a heath care focused fintech, into its bank.

The $207 billion-asset company disclosed in a legal notice that it applied with the Federal Deposit Insurance Corp. to merge the digital platform into its Fifth Third Bank.

Fifth Third bought Provide in August 2021. The bank was one of Provide’s early investors in 2018; it began funding loans through the fintech’s platform in 2020.

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