$1,053 To Babies Born Thursday At 9 Chicago Hospitals, Bank Vows

CHICAGO, IL — Babies born Thursday at nine Chicago hospitals will enter the world a bit richer than most thanks to Fifth Third Bank. Overall, 19 hospitals in the city and surrounding suburbs are participating in the Cincinnati-based financial institution's program to celebrate its namesake day of May 3 (that's 5/3 in numerals, in case you're wondering).

Every baby born Thursday at the participating hospitals will receive $1,053 gift cards from Fifth Third Bank, according to the Chicago Tribune. More than 200 babies are expected to be the lucky recipients of the gift cards to online retailers, as well as bank-branded onesies, the report added.

The Chicago hospitals that are part of the bank's initiative include:

• Holy Cross Hospital
• Jackson Park Hospital
• Mount Sinai Hospital
• Norwegian American Hospital
• Rush University Medical Center
• St. Bernard Hospital,
• Stroger Hospital,
• Swedish Covenant Hospital,
• University of Chicago Medicine Comer Children’s Hospital

This is the second year Fifth Third Bank has recognized its namesake day by doling out money to newborns, the report stated. In 2017, the bank ran a similar program for more than 100 Cincinnati newborns, the report added.

And what does the financial institution hope the parents do with their found money? The bank will urge them to invest it in college saving plans, but the recipients are free to spend the money any way they like, the Tribune reports.

More via the Chicago Tribune

Photo via Shutterstock