Fifth Third Bank Related Content

Fifth Third Launches Renewable Energy Investment Banking Group

Fifth Third Securities hired Timothy Beach, Ari Citrin and Oliver Janssen as managing directors to lead its new Renewable Energy Investment Banking Group. read more

Stonebriar Amends $1B Revolver with Bank of America

Commercial finance company Stonebriar Commercial Finance extended and amended certain terms of its existing $1 billion revolver with Bank of America as agent on the facility. read more

Fifth Third Bancorp Completes Merger with MB Financial

Fifth Third Bancorp completed its acquisition of MB Financial. Primary systems and client conversion is expected to occur in early May 2019. read more

Fifth Third Beat Out BMO Harris’ Higher Offer to Buy MB Financial

Crain’s Business Journal reported that Toronto-based BMO Financial Group made a higher offer than Fifth Third Bank to acquire MB Financial, but MB’s board voted to go with the U.S.-based bank. read more

Dynus Corp. Founder Files Lawsuit Against Fifth Third, PNC

The Cincinnati Enquirer reported that Orlando Carter, the founder of Dynus Corp., filed a lawsuit for $500 million in damages against Fifth Third Bank and PNC Bank, along with politicians of Butler County, OH and John Boehner. read more

Fifth Third Adds Munz to Commercial Equipment Financing Group

Fifth Third added Rob Munz as a regional relationship manager to its Commercial Equipment Financing group. Munz previously worked for First Niagara Bank and Key Equipment Finance. read more

Fifth Third Names Smith Chicago Regional President

Fifth Third Bancorp named Eric Smith regional president of Fifth Third Bank in Chicago. read more

Fifth Third Bank Enhances Partnership with ApplePie Capital

Fifth Third can now purchase loans originated through ApplePie Capital’s franchise loan marketplace and also joined ApplePie Capital’s SBA lender network. read more

United Leasing & Finance Secures $350MM Credit Facility with BofA

United Leasing & Finance closed a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America as agent. read more

SunTrust Agents Tivity Health $420MM Refi

Tivity Health completed the refinancing of its senior credit facilities. read more

Fifth Third Bank, Accion Partnership Fuels Small Business Growth

Fifth Third Bank announced an investment and expanded partnership with the Accion U.S. Network to support lending to underserved small businesses. read more

Fifth Third Q3/16 Earnings Up 37% Y/Y Helped by Lower Provision Charges

Fifth Third reported Q3/16 earnings of $501 million were up 37% from $366 million in Q3/15. The bank noted an 18% gain in noninterest income and a 49% drop in loan loss provisions. read more

Fifth Third, GreenSky Enter Into Fintech Alliance

Financial Technology company GreenSky entered into strategic agreement partnership with Fifth Third Bank that includes a $50 million investment. read more

Fifth Third Extends Over $8.6B in Q4 Credit

Fifth Third Bank announced it extended more than $8.6 billion in new and renewed credit to business customers from October through December 2014. read more

Fifth Third Q3 Earnings Off; Yield, Margins Down

Fifth Third reported Q3/14 net income of $328 million was down from $421 million a year earlier. The bank noted its Q3 Y/Y net interest margin and average interest-earning asset yield were down 21 BPs and 19 BPs, respectively. read more

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