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Fifth Third Bank

Fifth Third 2016 Press Releases

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Fifth Third Bancorp at the Goldman Sachs U.S. Financial Services Conference 2016 (Live)
12/07/16 at 1:10 p.m. ET
Fifth Third Bancorp at the Goldman Sachs U.S. Financial Services Conference 2016
Wednesday, December 7, 2016 1:10 p.m. ET  
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11/30/16Fifth Third Bancorp to Present at the 2016 Goldman Sachs U.S. Financial Services Conference
CINCINNATI--(BUSINESS WIRE)--Nov. 30, 2016-- Fifth Third Bancorp (Nasdaq: FITB) will present at the Goldman Sachs U.S. Financial Services Conference in New York City on December 7, 2016 at approximately 1:10 PM ET. The Company will be represented by Greg D. Carmichael, president and chief executive officer, and Tayfun Tuzun, executive vice president and chief financial officer. Presentation slides with audio webcast may be viewed live and for ... 
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11/22/16Fifth Third Bancorp Announces Net Exercise of Vantiv Warrant and Associated Secondary Offering of Vantiv Shares
CINCINNATI--(BUSINESS WIRE)--Nov. 22, 2016-- On November 21, 2016, Vantiv, Inc. (NYSE: VNTV) conducted a secondary offering of 4.8 million shares of its Class A common stock on behalf of Fifth Third (Nasdaq: FITB). Vantiv is also concurrently repurchasing 850,000 shares of Vantiv Class A common stock from Fifth Third. The 5.65 million shares being sold by Fifth Third through these transactions were obtained through the net exercise of the entire remainin... 
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11/01/16Aravind Immaneni Named Fifth Third Bank Chief Operations and Technology Officer
CINCINNATI--(BUSINESS WIRE)--Nov. 1, 2016-- Fifth Third Bancorp (Nasdaq:FITB) announced today that Aravind Immaneni will be joining the Bank effective Nov. 14, 2016, as executive vice president and chief operations and technology officer. Immaneni will report to President and CEO Greg D. Carmichael. He will be responsible for all aspects of information technology and back-office operations at the $143 billion bank. This Smart News Release featur... 
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10/31/16Fifth Third Bancorp to Present at the BancAnalysts Association of Boston Conference
CINCINNATI--(BUSINESS WIRE)--Oct. 31, 2016-- Fifth Third Bancorp (NASDAQ: FITB) will present at the BancAnalysts Association of Boston Conference in Boston on November 3, 2016 at approximately 3:50 PM ET. The Company will be represented by Tayfun Tuzun, executive vice president and chief financial officer, and James C. Leonard, executive vice president and treasurer. Audio webcast may be accessed live and for approximately 14 days after th... 
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10/27/16Fifth Third Bancorp Releases Results of Dodd-Frank Act Mid-Cycle Company-Run Stress Test
CINCINNATI--(BUSINESS WIRE)--Oct. 27, 2016-- Fifth Third Bancorp (Nasdaq: FITB) today disclosed results of its 2016 company-run mid-cycle stress test as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The results are available on Fifth Third’s Investor Relations website at http://ir.53.com by clicking on “Quarterly & Annual Reports”. The results are also available at the following link: http://phx.corporate... 
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10/26/16David A. Call Named Florida Regional President at Fifth Third Bank
Will Lead Unified Florida Region CINCINNATI--(BUSINESS WIRE)--Oct. 26, 2016-- Fifth Third Bancorp (Nasdaq: FITB) announced today that David A. Call has been named its regional president for Florida. He will report to Mike Michael, group regional president. Call currently serves as president of the South Florida region, which now will be united with the North Florida under one statewide organization. This Smart News Release features multimedi... 
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10/26/16Brian Lamb Named Chief Corporate Responsibility and Reputation Officer at Fifth Third Bancorp
Bank Veteran to Lead Newly Created Unit CINCINNATI--(BUSINESS WIRE)--Oct. 26, 2016-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Brian Lamb has been named its chief corporate responsibility and reputation officer. He will report to Teresa Tanner, chief administrative officer. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161026006487/en/ Brian Lamb Named Chief Corpo... 
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10/20/16Fifth Third Announces Third Quarter 2016 Net Income to Common Shareholders of $501 Million, or $0.65 Per Diluted Share
3Q16 net income available to common shareholders of $501 million, or $0.65 per diluted common share Reported results included the following items which had a net positive $0.22 impact on reported 3Q16 EPS: A $280 million pre-tax (~$182 million after-tax) gain from the termination and settlement of gross cash flows from existing Vantiv tax receivable agreem... 
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10/05/16Fifth Third Bank Expands its Commercial Equipment Finance Market Presence
CINCINNATI--(BUSINESS WIRE)--Oct. 5, 2016-- Fifth Third Bancorp (NASDAQ: FITB) announced today that its Equipment Financing group is expanding its market presence. The team will now operate as four distinct regions: South, North Central, Midwest and East. “Organizing our team under the construct of four regions enables us to streamline our processes,” said Tom Partridge, president of Fifth Third Equipment Finance. “As a result, we’re able to bett... 
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10/04/16Reuben Rashty Named Managing Director of Fifth Third Private Bank in Michigan
Former JP Morgan Chase executive will also serve as Executive Director of Mirador Family Wealth Advisors CINCINNATI--(BUSINESS WIRE)--Oct. 4, 2016-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Reuben Rashty has been named senior vice president, managing director, Private Bank (Michigan) and executive director of Mirador Family Wealth Advisors. He will report to Phil McHugh, executive vice president and head of Fifth Third Wealth an... 
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09/21/16Fifth Third Appoints Jerry Burris and Eileen Mallesch to Bancorp Board of Directors
CINCINNATI--(BUSINESS WIRE)--Sep. 21, 2016-- Fifth Third Bancorp (Nasdaq: FITB) today announced the appointments of Jerry W. Burris and Eileen A. Mallesch to the Bancorp Board of Directors. “Both of these individuals represent outstanding additions to the Board and we welcome them,” said Marsha C. Williams, chair of the Fifth Third Bancorp Board. She added, “Jerry’s background as a CEO of Associated Materials, a privately held comp... 
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09/20/16Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--Sep. 20, 2016-- Fifth Third Bancorp today declared cash dividends on its common shares, Series J preferred shares, and Series I preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.13 for the third quarter of 2016. The dividend is payable on October 17, 2016 to shareholders of record as of September 30, 2016. Fifth Third also declared a cash divi... 
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09/16/16Fifth Third Bancorp to Announce Third Quarter 2016 Results, Host Conference Call on October 20, 2016 at 9:00 AM
CINCINNATI--(BUSINESS WIRE)--Sep. 16, 2016-- Fifth Third Bancorp (Nasdaq: FITB) is scheduled to report third quarter 2016 financial results on October 20, 2016. The earnings release will be available at www.53.com at approximately 6:30 AM ET. The Company will host a conference call at 9:00 AM ET to discuss results. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations ... 
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09/02/16Fifth Third Bancorp Announces Redemption of Senior Bank Notes Due November 18, 2016
CINCINNATI--(BUSINESS WIRE)--Sep. 2, 2016-- Fifth Third Bancorp (NASDAQ: FITB) today announced that Fifth Third Bank has submitted a redemption notice to the issuing and paying agent for redemption of all of the outstanding 1.15% fixed rate senior notes due November 18, 2016 (CUSIP 31677QAY5) issued in the principal amount of $1 billion and all of the outstanding floating rate senior notes due November 18, 2016 (CUSIP 31677QAZ2) issued in the principal a... 
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08/31/16Eric S. Smith Named Chicago Market President for Fifth Third Bank
JPMorgan Chase Veteran to Lead Operations CINCINNATI--(BUSINESS WIRE)--Aug. 31, 2016-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Eric S. Smith has been named its market president in Chicago. He will report to Robert A. Sullivan, regional president of Fifth Third Bank (Chicago). This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160831006182/en/ Fifth Third Bancorp anno... 
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08/29/16Fifth Third Bancorp to Present at the Barclays 2016 Global Financial Services Conference
CINCINNATI--(BUSINESS WIRE)--Aug. 29, 2016-- Fifth Third Bancorp (NASDAQ: FITB) will present at the Barclays 2016 Global Financial Services Conference in New York City on Tuesday, September 13, 2016 at approximately 9:45 AM ET. Greg D. Carmichael, president and chief executive officer, will represent Fifth Third. Presentation slides with audio webcast may be viewed live and for approximately 14 days after the conference through the Investo... 
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07/28/16Fifth Third Announces Second Quarter 2016 Net Income to Common Shareholders of $310 Million, or $0.40 Per Diluted Share
Announces accelerated Tax Receivable Agreement (TRA) and extended operating agreement with Vantiv 2Q16 net income available to common shareholders of $310 million, or $0.40 per diluted common share Reported results included the following items which had a negative $0.01 impact on reported 2Q16 EPS: A $50 million pre-tax (~$33 million after-tax) charge relate... 
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07/22/16Fifth Third Bancorp Announces Technology, Media & Telecommunications Vertical
CINCINNATI--(BUSINESS WIRE)--Jul. 22, 2016-- Fifth Third Bancorp (NASDAQ: FITB) has announced the formation of a dedicated group to serve the financial services needs of the technology, media and telecommunications industry. The team is led jointly by Pete Foley and Kevin Khanna, both of whom bring extensive expertise and knowledge in the industry. “The creation of this vertical business unit allows Fifth Third to dedicate a team of... 
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07/07/16Edward L. Robinson Named Fifth Third’s Mortgage Head
CINCINNATI--(BUSINESS WIRE)--Jul. 7, 2016-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Edward L. Robinson has been named its senior vice president and head of Fifth Third Mortgage. He will report to Chad Borton, executive vice president and head of the Consumer Bank. Robinson’s responsibilities will include comprehensive oversight of all Mortgage-related functions at Fifth Third. This Smart News Release features multimedia. View the full r... 
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07/05/16Fifth Third Mortgage Helps Homebuyers Make Their Down Payments, New Program offers up to $3,600
Plus Tips to Avoid 5 of the Biggest Mistakes Homebuyers Make CINCINNATI--(BUSINESS WIRE)--Jul. 5, 2016-- No homebuyer wants to pay more than they need to. Yet, each year thousands of homebuyers miss out on down payment and closing cost assistance. Fifth Third Mortgage introduces its new Down Payment Assistance Program to help consumers purchase homes. This Smart News Release features multimedia. View the full release here: http://www.businesswire.... 
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06/29/16Fifth Third Announces 2016 CCAR Capital Plan
No Objection from Federal Reserve to Company's Capital Plan CINCINNATI--(BUSINESS WIRE)--Jun. 29, 2016-- Fifth Third Bancorp (NASDAQ: FITB) announced today that the Board of Governors of the Federal Reserve System (“the Federal Reserve”) did not object to Fifth Third’s proposed potential capital actions from July 1, 2016 through June 30, 2017 included in its capital plan submitted in April under the Comprehensive Capital Analysis and Review (“CCAR”) ... 
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06/28/16Fifth Third Bancorp Further Expands M&A and Strategic Advisory Capabilities
Bill Benston, Alan McClure, Larry Williams and Bruce Woodward join Fifth Third Securities CINCINNATI--(BUSINESS WIRE)--Jun. 28, 2016-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Fifth Third Securities Inc. is continuing its expansion of mergers and acquisitions (M&A) and strategic advisory capabilities. The Bank has hired Larry Williams, Bruce Woodward, Alan McClure, and Bill Benston, who founded The Breckenridge Group Inc., a... 
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06/23/16Fifth Third Releases Results of 2016 Dodd-Frank Act Company-Run Capital Stress Test
CINCINNATI--(BUSINESS WIRE)--Jun. 23, 2016-- Fifth Third Bancorp (NASDAQ: FITB) today released the results of its company-run stress test as required by the Dodd-Frank Act Stress Test (DFAST) rules (12 CFR Part 252). These rules require that covered companies disclose certain results from its stress test including: a description of the types of risk included in the stress test, a general description of methodologies used in the stress test, estimates of ... 
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06/21/16Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--Jun. 21, 2016-- Fifth Third Bancorp today declared cash dividends on its common shares, Series H preferred shares, and Series I preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.13 for the second quarter of 2016. The dividend is payable on July 15, 2016 to shareholders of record as of June 30, 2016. Fifth Third also declared a cash dividend on its 5.... 
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06/14/16Fifth Third Bancorp to Announce Second Quarter 2016 Results, Host Conference Call on July 28, 2016 at 9:00 AM
CINCINNATI--(BUSINESS WIRE)--Jun. 14, 2016-- Fifth Third Bancorp (Nasdaq: FITB) is scheduled to report second quarter 2016 financial results on July 28, 2016. The earnings release will be available at www.53.com at approximately 6:30 AM ET. The Company will host a conference call at 9:00 AM ET to discuss results. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations we... 
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05/23/16Fifth Third Bancorp to Attend the 2016 Deutsche Bank Global Financial Services Conference
Cincinnati – Fifth Third Bancorp (Nasdaq: FITB) will present at the Deutsche Bank Global Financial Services Conference in New York City on June 1, 2016 at approximately 12:40 PM ET. Greg D. Carmichael, president and chief executive officer, will represent Fifth Third. Presentation slides with audio webcast may be viewed live and for approximately 14 days after the conference through the Investor Relations section of www.53.com. Additionally, slides used in the presentation will be made se... 
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05/16/16Melissa Stevens to Head Omni-Channel Banking
Digital Veteran Will Lead Cross-Channel Integration and Innovation CINCINNATI--(BUSINESS WIRE)--May 16, 2016-- Fifth Third Bancorp (NASDAQ: FITB) today announced that Melissa Stevens, an 18-year industry veteran who served as global digital head for Citigroup’s consumer banking business, has joined the organization as senior vice president, chief digital officer and head of omni-channel banking. She will report directly to Chad Borton, executive vice... 
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05/03/16William Tyson Named Fifth Third’s Co-Head of Capital Markets
CINCINNATI--(BUSINESS WIRE)--May 3, 2016-- Fifth Third Bancorp (Nasdaq: FITB) announced today that William Tyson has been hired to become co-head of Fifth Third Capital Markets, reporting to Lars Anderson, executive vice president and chief operating officer. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160503007030/en/ William Tyson has been hired to become co-head of Fifth Third... 
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04/28/16Steve D’Amico to Head Innovation at Fifth Third
Former P&G Design Veteran Will Lead New Team CINCINNATI--(BUSINESS WIRE)--Apr. 28, 2016-- Fifth Third Bancorp (NASDAQ: FITB) today announced that Steve D’Amico, a 24-year Procter & Gamble veteran who most recently served as its director of design innovation, has joined the Bank as senior vice president and head of innovation. He will report directly to Tim Spence, executive vice president and chief strategy officer. “Fifth Thir... 
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04/22/16Fifth Third Bancorp 2015 Corporate Social Responsibility Report, “Building Bridges” Now Available
CINCINNATI--(BUSINESS WIRE)--Apr. 22, 2016-- Fifth Third Bancorp (NASDAQ: FITB) has published its annual report on corporate social responsibility (CSR). It can be accessed at www.53.com/csrreport and hard copies printed on recycled paper also are available in limited quantities. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160422005888/en/ The cover page of the Fifth Third Bancor... 
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04/21/16Fifth Third Announces First Quarter 2016 Net Income to Common Shareholders of $312 Million, or $0.40 Per Diluted Share
1Q16 net income available to common shareholders of $312 million, or $0.40 per diluted common share Includes a $47 million pre-tax (~$31 million after-tax) positive valuation adjustment on the remaining warrant in Vantiv, a $14 million pre-tax (~$9 million after-tax) expense related to the voluntary early retirement program, and an $8 million pre-tax (~$5 million after-tax) gain on the previously an... 
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04/19/16Fifth Third Bancorp Announces Results of Annual Shareholder Meeting
CINCINNATI--(BUSINESS WIRE)--Apr. 19, 2016-- Fifth Third Bancorp (NASDAQ: FITB) has announced that its shareholders have re-elected the following directors at the Bancorp’s Annual Meeting held earlier today at the Hyatt Regency Hotel in Cincinnati: Nicholas K. Akins, chairman, president, CEO, American Electric Power. B. Evan Bayh III, partner, McGuireWoods LLP. Jorge L. Benitez, retired CEO of North A... 
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04/11/16Fifth Third Bancorp Elects Marsha C. Williams Non-Executive Chair of the Board
To Be Effective with Annual Shareholder meeting April 19, 2016; Williams Currently Serves as Lead Director CINCINNATI--(BUSINESS WIRE)--Apr. 11, 2016-- Fifth Third Bancorp (Nasdaq: FITB) today announced that its Board of Directors has elected Marsha C. Williams as the non-executive chair of the Board effective immediately following its Annual Meeting of Shareholders on April 19, subject to her reelection to the Board. Williams, who has... 
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03/31/16Fifth Third Bank Introduces Home Equity Line of Credit Special
As Home Values Rise, So Does Home Equity Five Things to Know Before Borrowing Money Against Your Home CINCINNATI--(BUSINESS WIRE)--Mar. 31, 2016-- As home values rise and the housing market improves, home equity lines of credit are becoming more popular again. Demand for these loans substantially decreased during the housing crisis. However, now they are making a major comeback as the preferred type of loan for consumers who have more ... 
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03/23/16Fifth Third Bancorp Creates 100 New Tech Jobs, Salary Packages Worth More Than $100,000 Each
As Bank Expands Data and Digitization Work, Need for Strong Technology Talent Continues CINCINNATI--(BUSINESS WIRE)--Mar. 23, 2016-- Fifth Third Bancorp is creating 120 new jobs in its rapidly expanding Information Technology division, adding to the 80 tech employees the Bank already hired in the past five months. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160323006085/en/ ... 
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03/18/16Fifth Third Bancorp to Announce First Quarter 2016 Results, Host Conference Call on April 21, 2016 at 9:00 AM
CINCINNATI--(BUSINESS WIRE)--Mar. 18, 2016-- Fifth Third Bancorp (Nasdaq: FITB) is scheduled to report first quarter 2016 financial results on April 21, 2016. The announcement will be available at www.53.com at approximately 6:30 AM ET. The Company will host a conference call at 9:00 AM ET to discuss results. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations websit... 
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03/15/16Fifth Third Bancorp Announces Cash Dividends
Board Approves Share Repurchase Authorization of 100 million shares CINCINNATI--(BUSINESS WIRE)--Mar. 15, 2016-- Fifth Third Bancorp today declared cash dividends on its common shares, Series J preferred shares, and Series I preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.13 for the first quarter of 2016. The dividend is payable on April 21, 2016 to shareholders of record as of Ma... 
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02/26/16Fifth Third Bancorp to Attend the 2016 RBC Capital Markets Financial Institutions Conference
CINCINNATI--(BUSINESS WIRE)--Feb. 26, 2016-- Executives of Fifth Third Bancorp (Nasdaq: FITB), will participate in a discussion regarding the Company at the 2016 RBC Capital Markets Financial Institutions Conference on Wednesday, March 9, 2016 at approximately 8:00 AM (ET). The Company will be represented by Tayfun Tuzun, executive vice president and chief financial officer, and Lars C. Anderson, executive vice president and chief operating officer. ... 
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02/24/16Tim Reidy and Brian Seedhouse Join Fifth Third Securities Public Finance Group
Fifth Third was largest underwriter of long term bond issues for educational public entities in Ohio in 2015 CINCINNATI--(BUSINESS WIRE)--Feb. 24, 2016-- Fifth Third Securities, Inc. announced today that Tim Reidy and Brian Seedhouse have joined as senior public finance investment bankers in the Public Finance Group. Brian, based in Cincinnati, Ohio will focus on K-12 education, municipal and higher education debt issuers. Tim, based in Clevel... 
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02/18/16Sameer Gokhale Named Fifth Third’s Head of Investor Relations
CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Sameer Gokhale has been named its head of investor relations. He will report to Tayfun Tuzun, executive vice president and chief financial officer.  In addition, Gokhale will oversee corporate performance measurement and lead a team that provides analytical support for corporate development activities. Gokhale joins Fifth Third from Janney Montgomery Scott, where he was... 
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02/11/16Fifth Third Bancorp Makes $27.5 Billion Community Commitment
CINCINNATI--(BUSINESS WIRE)--Feb. 11, 2016-- Fifth Third Bancorp (NASDAQ: FITB) today made a $27.5 billion commitment to the communities it serves. The five-year commitment in lending, investments and services is designed to help the Company fulfill its Purpose to improve lives and be a force for positive change within its geographic footprint. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/ho... 
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01/21/16Fifth Third Announces Fourth Quarter Earnings Per Diluted Share of $0.79
2015 Earnings Per Diluted Share of $2.01 4Q15 net income available to common shareholders of $634 million, or $0.79 per diluted common share Includes a $331 million pre-tax (~$215 million after-tax) gain on the sale of Vantiv shares, an $89 million pre-tax (~$58 million after-tax) gain on Vantiv warrant actions taken during the quarter, a $49 million pre-tax (~$32 million after-tax) paym... 
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01/20/16Howard McClure to Head Insurance Operations
30-year Veteran will assess strategic opportunities CINCINNATI--(BUSINESS WIRE)--Jan. 20, 2016-- Fifth Third Bancorp (NASDAQ: FITB) today announced that Howard McClure, a 30- year veteran of the insurance industry, has joined the organization as senior vice president and head of insurance services. He will report directly to Lars Anderson, chief operating officer. “I have long admired Howard’s accomplishments in the insurance industry ... 
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