Fifth Third Bank Extends More Than $6.5B in Credit in Q3
Published October 22, 2012
Categories: Credit Related
Fifth Third Bank announced that it has extended more than $6.5 billion in new and renewed credit to business customers from July through September 2012. During the first nine months of 2012, Fifth Third Bank lent more than $20.5 billion to businesses throughout its footprint.
“Fifth Third remains committed to providing businesses access to credit to help them expand and generate jobs,” said John Bultema, executive vice president and head of Business Banking for Fifth Third Bank. “We believe businesses, both large and small, play a key role in revitalizing our economy and our local communities.”
Companies that have received loans from Fifth Third Bank during this time period include:
•Charter Global, an Atlanta-based information technology consulting and staffing firm. The company secured a line of credit, commercial credit card services, deposit services and a treasury management program through Fifth Third Bank to foster its growth plans.
•Gentlecare of Vincennes, a full-service nursing home facility in Vincennes, IN, owned by G.C. Healthcare Services, Inc. The company received a United States Department of Agriculture (USDA) term loan to refinance business debt, improve cash flow and increase access to working capital.
•Metcam Incorporated, a metal fabricator located in Alpharetta, GA. The company secured a loan, deposit services and a comprehensive treasury management suite of services from Fifth Third Bank to accelerate cash flow and help increase its market share.
“Fifth Third is focused on actively listening to our clients to understand their needs and long-term business goals,” said Greg Kosch, executive vice president and head of Commercial Banking for Fifth Third Bank. “We work closely with our clients to provide the right financing and services to improve their access to working capital and to help them grow.”