Fifth Third Names Joseph P. Yurosek as California Market President
December 06 2017 - 1:10PM
Business Wire
Commercial Banking Veteran to Lead
Middle-market Business
Fifth Third Bancorp (Nasdaq: FITB) has announced it is expanding
its commercial banking capabilities to serve California-based
middle-market companies by hiring Joseph Yurosek to serve as market
president. He will report directly to Lars Anderson, executive vice
president and chief operating officer.
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Commercial banking veteran, Joseph P.
Yurosek joins Fifth Third Bank as California market president.
(Photo: Business Wire)
Yurosek will be responsible for building a team to provide
dedicated resources in client coverage, credit, treasury management
and capital markets to support the needs of middle-market companies
across the state.
“The expansion of talent in California represents a significant
opportunity for Fifth Third to support clients and grow our core
middle-market business,” said Anderson. “Joe’s knowledge of the
California market strengthens our commitment to keep the customer
at the center of everything we do. In-state leadership will deepen
relationships and enable us to provide services and solutions that
help our clients reach their financial goals.”
Yurosek joins Fifth Third from Comerica, where he served as
market president for the Orange County region. He also was
responsible for corporate middle-market strategy in Orange County,
Long Beach and San Diego and co-led sponsor coverage strategy for
Southern California. Prior to that, Yurosek was regional
middle-market group manager in Los Angeles and Long Beach.
Yurosek has more than 25 years of banking experience. He holds a
bachelor’s degree from California Polytechnic State University –
San Luis Obispo and earned his MBA from University of Southern
California’s Marshall School of Business.
This newly created position builds upon Fifth Third’s
well-established commercial vertical and market expansion strategy.
Fifth Third is making significant investments in value-added
products and services to help clients with their most pressing
financial and risk management challenges. This focus supports the
Company’s NorthStar strategy, a three-year plan designed to deliver
strong consistent returns through economic cycles.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of Sept. 30, 2017, the
Company had $142 billion in assets and operated 1,155 full-service
Banking Centers and 2,465 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 nearly 55,000 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 also has an 8.6 percent interest in Vantiv Holding,
LLC. Fifth Third is among the largest money managers in the Midwest
and, as of Sept. 30, 2017, had $348 billion in assets under care,
of which it managed $36 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.
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Fifth Third BancorpSean Parker (Media), 513-534-NEWSSameer
Gokhale (Investors), 513-534-2219
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