Fifth Third Related Content

Fifth Third Approved for Merger with MB Financial

Fifth Third Bancorp has received all necessary regulatory approvals for completion of its acquisition of MB Financial as stipulated in the companies’ merger agreement from May 20, 2018. read more

Fifth Third, MB Financial Merge in Transaction Valued at $4.7B

Fifth Third and MB Financial signed a definitive merger agreement under which MB will merge with Fifth Third in a transaction valued at approximately $4.7 billion. read more

Fifth Third Promotes Tsorvas to Head of Equipment Finance

Ernest Tsorvas was promoted to head of Equipment Finance for Fifth Third Bank, and will continue to report to Tom Partridge, who will now lead Commercial Specialty Products. read more

Fifth Third Adds Two Relationship Managers to Equipment Financing Group

Fifth Third added two regional relationship managers, Robin Harmon and Mike Duffy, to its commercial equipment financing group. read more

Fifth Third Equipment Finance Adds Three Regional Relationship Managers

Fifth Third Bancorp added Scott Jackson, Larry Nogueira and John Turck as regional relationship managers to its Commercial Equipment Financing group. read more

Reuters: Major Regional Banks Prepare for Energy Loan Losses

According to Reuters, five U.S. regional banks put aside millions of dollars during Q1/16 to cover potential losses from loans to the energy sector. read more

Fifth Third Q1 Earnings Hurt by Energy Loan Related Provisioning

Fifth Third reported Q1/16 earnings were $312 million, down from $346 million for the same quarter in 2015. The bank’s loan loss charge of $119 million was up 72% from a year earlier primarily as a result of reserving for nonperforming energy related C&I loans. read more

SSBCI Names Fifth Third Nation’s Top Small Business Lender

In its Summary of States’ 2014 Annual Reports, the State Small Business Credit Initiative said that Fifth Third Bank is the largest lender by dollar amount since the program’s inception in 2011. read more

SunTrust Led Group Provides $260MM to Private Aircraft FBO

Private aircraft FBO Sheltair said it obtained a $60 million credit line and a $200 million credit facility from a group of lenders led by SunTrust Bank. read more

Fifth Third Q2 Earnings Hurt by Non-Cash Impairment Charge

Fifth Third reported Q2/15 earnings of $292 million was down 30% from $416 million a year earlier. The bank said it took a non-cash impairment charge of $97 million related to a downsizing of its branch network. read more

Fifth Third Names Carmichael New CEO

Fifth Third said current president/COO Greg D. Carmichael will become president and CEO, effective November 1. Carmichael will succeed Kevin T. Kabat, who has been praised largely due to the pivotal role he played in the crisis of 2008-09. read more

Inside GE Capital

Jerry Parrotto

Recently, monitordaily reported GE Capital segment results showed overall net earnings for Q3/14 were $1.492 billion, down 22% from $1.903 a year earlier. All financial segments – Consumer, Real Estate, GECAS and Energy Financial – were off, with the exception... read more

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Terry Mulreany
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