Fifth Third Bancorp Announces Acquisition of Epic Insurance Solutions & Integrity HR
September 15 2017 - 10:00AM
Business Wire
Fifth Third Insurance Agency Inc., an indirect, wholly owned
subsidiary of Fifth Third Bancorp (Nasdaq: FITB), announced today
that it has reached an agreement to acquire Epic Insurance
Solutions Agency LLC.
Epic Insurance Agency LLC recently reached an agreement to
acquire Integrity HR, Inc. Both transactions are expected to close
in fall 2017.
Epic Insurance Solutions was founded in 2013. Its primary
service areas include commercial and personal property insurance
and casualty, employee benefits and HR consulting services.
Integrity HR was founded in 2007. Its primary services include HR
outsourcing, recruiting, training, HR policies and procedures and
other HR-related services. The Louisville-based insurance agency
and company primarily serve the Kentucky and Indiana market.
“This acquisition enables Fifth Third to enhance our insurance
capabilities and HR consulting services to support the diverse
needs of our customers,” said Mike Michael, head of wealth and
asset management for Fifth Third Bank. “Additionally, it allows us
to expand our team’s exceptional talent pool and further deepen our
understanding of the industry.”
This announcement builds upon Fifth Third’s recent acquisitions
of R.G. McGraw Insurance Agency and The Retirement Corporation of
America. Fifth Third is making substantial investments in
value-added products and services to help clients with their most
pressing financial and risk management challenges. This focus
supports the NorthStar strategy, a three-year plan designed to
deliver strong, consistent returns through economic cycles.
“The partners here at Epic, Jason Rankin, John Neace and I are
excited about the opportunity to join Fifth Third Bank, a company
that we feel is a natural and cultural fit for our customers and
our team,” said Don Thompson, president of Epic Insurance
Solutions.
“The combination of Employee Benefit Services and HR Consulting
services combined with the strength of Fifth Third provides
significant solutions for our clients,” said Amy Letke, president
of Integrity HR.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company
had $141 billion in assets and operated 1,157 full-service Banking
Centers and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. In total, Fifth Third provides its customers with access
to more than 45,000 fee-free ATMs across the United States. Fifth
Third operates four main businesses: Commercial Banking, Branch
Banking, Consumer Lending, and Wealth & Asset Management. Fifth
Third is among the largest money managers in the Midwest and, as of
June 30, 2017, had $330 billion in assets under care, of which it
managed $34 billion for individuals, corporations and
not-for-profit organizations through its Trust and Registered
Investment Advisory 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
Fifth Third Bancorp provides access to
investments and investment services through various subsidiaries.
Investments and Investment Services:
Are Not FDIC Insured
Offer No Bank Guarantee May Lose Value Are Not Insured By
Any Federal Government Agency Are Not A Deposit
Copyright © 2017. Fifth Third Bank, Member FDIC, Equal Housing
Lender, All Rights Reserved.
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Fifth Third BancorpSean Parker, 513-534-6791
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