Fifth Third Bank (5/3 Bank) is a U.S. regional banking corporation, headquartered in Cincinnati, Ohio and is the principal subsidiary of holding company Fifth Third Bancorp (NASDAQ: FITB).
Fifth Third Bancorp is a diversified financial services company with $111 billion in assets, operates 15 affiliates with 1,232 full-service Banking Centers, including 106 Bank Mart locations open seven days a week inside select grocery stores and 2,213 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia, North Carolina and Missouri.
Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2007, has $223 billion in assets under care, of which it managed $33 billion for individuals, corporations and not-for-profit organizations.
The company engages in five main lending and banking practices: Branch Banking, Consumer lending, Commercial Banking, Investment Advisors, and Fifth Third Processing Solutions. They also operate a Title insurance division.
Fifth Third Bank operates under an Ohio charter.
Fifth Third did not cut jobs as rapidly as many competitors did during the financial crisis.
Read more about Fifth Third Bank: History, Community Outreach, Fifth Third in The News
Famous quotes containing the word bank:
“What’s breaking into a bank compared with founding a bank?”
—Bertolt Brecht (1898–1956)