Fifth Third to Temporarily Suspend Evictions

Fifth Third Bank is the latest bank to announce that it would halt evictions during the holiday season.

The bank, unit of $115 billion-asset Fifth Third Bancorp (FITB) in Cincinnati, will postpone evictions from Dec. 17 to Jan. 2 for bank-owned mortgage that have been foreclosed.

"We are suspending evictions through the start of the new year to help our customers who are experiencing financial hardships find relief this holiday season," Steven Alonso, an executive vice president and the head of Fifth Third's consumer bank, said in a press release Tuesday.

Wells Fargo (WFC), U.S. Bancorp (USB), PNC Financial Services Group (PNC), Bank of America (BAC) and others all said recently that they would temporarily suspend foreclosure activity to help borrowers remain in their homes during the holidays.

Jackie Stewart

Executive Editor, American Banker Magazine

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