Eric S. Smith Named Chicago Market President for Fifth Third Bank
August 31 2016 - 2:00PM
Business Wire
JPMorgan Chase Veteran to Lead
Operations
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).
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Fifth Third Bancorp announced that Eric
S. Smith has been named its market president in Chicago. (Photo:
Business Wire)
In addition to teaming with Sullivan on the overall leadership
of activities for all business lines in the region, Smith will be
particularly focused on driving the Bank’s growth in credit,
treasury management services, capital markets and corporate
advisory solutions.
Smith joins Fifth Third from JPMorgan Chase, where he most
recently served as chief financial officer of Middle Market
Banking. That unit focuses on companies with annual sales between
$50 million and $500 million. Prior to assuming that role in 2011,
Smith was a managing director in the Investment Bank, where he
served as the head of the North American Food & Beverage Group.
He also was responsible for advising Fortune 500 consumer product
companies on merger and acquisition transactions as well as debt
and equity underwritings.
Smith has more than 25 years of banking experience and began his
career with Merrill Lynch as a financial analyst in Public Finance.
He holds a bachelor’s degree in finance from Howard University and
an MBA from Harvard Business School.
“We are excited to add a leader with Eric’s experience and track
record to Fifth Third,” Sullivan said. “He brings extensive
expertise that will directly add value to existing clients and help
us further establish high-quality relationships. His addition
deepens our base of talent and we are excited about our prospects
for growth for the Chicago bank.”
Greg D. Carmichael, president and CEO of Fifth Third Bancorp,
said, “We have been looking for the right leader to complement Bob
Sullivan and broaden our executive bench in Chicago. We have found
that individual in Eric Smith. The timing of this senior management
addition is terrific, as Bob is set to chair the 2017 Metro Chicago
United Way Campaign. Having Eric at his right hand will enable Bob
to expand his already significant community involvement while
continuing to fully serve the needs of customers and employees in
the region. Investing in a market president to work alongside our
regional president is another tangible sign of Fifth Third Bank’s
commitment to Chicago.”
“I am thrilled to join the Fifth Third team,” Smith said. “I
have always respected its level of commitment to their clients and
to the community. I look forward to making an immediate
contribution and to helping the Bank —and its customers – grow and
prosper.”
Smith is active in a wide variety of civic activities in
Chicago, serving as a Board member for the Lyric Opera of Chicago
and the Chicago Urban League. He and his wife, Kimberly
Taylor-Smith, also co-chaired the 2015 Children’s Research Fund
Campaign and Children’s Ball for the Ann & Robert H. Lurie
Children’s Hospital of Chicago, where they both serve as Board
members. Smith is a member of the Economic Club of Chicago and the
Executives’ Club of Chicago. He and his family reside in
Evanston.
About Fifth Third:
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $144 billion in
assets and operates 1,191 full-service Banking Centers, including
94 Bank Mart® locations, most open seven days a week, inside select
grocery stores and 2,541 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. Fifth Third operates four main businesses: Commercial
Banking, Branch Banking, Consumer Lending, and Wealth and Asset
Management. Fifth Third also has an 18.3% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in
the Midwest and, as of June 30, 2016, had $305 billion in assets
under care, of which it managed $26 billion for individuals,
corporations and not-for-profit organizations. Investor information
and press releases can be viewed at www.53.com. Fifth Third’s
common stock is traded on the Nasdaq® Global Select Market under
the symbol “FITB.” Fifth Third Bank was established in 1858.
Copyright © 2016. Fifth Third Bank, Member FDIC, Equal Housing
Lender, All Rights Reserved.
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Fifth Third BancorpSameer Gokhale (Investors)513-534-2219orLarry
Magnesen (Media)513-534-8055orAndrew Hayes (Chicago
Media)312-704-4179
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