Fifth Third Bank Boosts Commercial Equipment Financing Support Across the Country
June 27 2017 - 10:05AM
Business Wire
Group Adds Two New Regional Relationship
Managers
Fifth Third Bancorp (NASDAQ: FITB) has added two regional
relationship managers to its growing Commercial Equipment
Financing group, demonstrating an ongoing commitment to provide a
variety of financing options for equipment, vehicles, facilities
and more for commercial businesses.
These two new hires build upon last year’s announcement that
Fifth Third’s Commercial Equipment Financing Group is expanding its
market presence, operating as four distinct regions: South, North
Central, Midwest and East.
The new regional relationship managers are:
- Robin Harmon (Nashville, Tennessee)
– Harmon will serve customers in the Tennessee and Mississippi
markets, reporting to Lance King, managing director of the South
region. Harmon brings more than 25 years of equipment finance
experience to the Bank, most recently as national finance manager
for Commercial Marine at TCF Equipment Finance. Harmon can be
reached at 615-687-3106 or via email robin.harmon@53.com.
- Mike Duffy (Pittsburgh,
Pennsylvania) – Duffy will serve customers in western
Pennsylvania and West Virginia, reporting to Bob Davies, managing
director of the East region. His 18+ years of equipment finance
experience include roles at GE Capital, First Niagara Leasing and
Huntington Bank. Duffy can be reached at 412-291-5439 or via email
michael.duffy@53.com.
“We are excited about the addition of our two new regional
relationship managers, as they bring a wealth of equipment
finance experience to Fifth Third Bank,” said Tom Partridge,
president of Fifth Third Equipment Finance. “Our clients and
prospective clients will benefit from their industry knowledge and
equipment finance expertise to help craft solutions for their
capital needs.”
Fifth Third’s equipment financing solutions enable customers to
reduce costs, preserve assets, improve cash flow and liquidity,
expand budgets for capital and more. The team customizes solutions
for each client, offering traditional and non-traditional options
for equipment, vehicles, facilities and other critical purchases
for a business.
About Fifth Third Equipment Financing Group
Fifth Third’s Equipment Financing Group is the 10th largest bank
finance or leasing company, according to equipment finance trade
publication Monitor. The group had $7.1 billion assets as of Dec.
31, 2016, an increase of 7 percent from 2015.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2017, the
Company had $140 billion in assets and operated 1,155 full-service
Banking Centers and 2,471 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
& Asset Management. As of March 31, 2017, Fifth Third also had
a 17.8 percent interest in Vantiv Holding, LLC. Fifth Third is
among the largest money managers in the Midwest and, as of March
31, 2017, had $323 billion in assets under care, of which it
managed $33 billion for individuals, corporations and
not-for-profit organizations through its Trust, Brokerage and
Insurance businesses. 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. Member FDIC, Equal Housing
Lender.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170627005173/en/
Fifth Third BancorpShandi Huber, 513-534-8894
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Apr 2023 to Apr 2024