Fifth Third Bank Announces Leadership for San Francisco Expansion Strategy
August 21 2019 - 11:02AM
Business Wire
Commercial Banking Veteran Joins as San
Francisco Market Executive
Fifth Third Bancorp (Nasdaq: FITB) announced today that Peter
Gruebele has joined Fifth Third as senior vice president and San
Francisco market executive. In this role, he will report to Joseph
Yurosek, California market president for Fifth Third Bank.
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Fifth Third Bancorp (Nasdaq: FITB)
announced today that Peter Gruebele has joined Fifth Third as
senior vice president and San Francisco market executive. (Photo:
Business Wire)
“Peter is embedded in the San Francisco market and is deeply
rooted in the community, which makes him a perfect fit to lead
Fifth Third’s growth efforts in the Bay Area,” said Yurosek. “We
look forward to his leadership contributions as we introduce our
strategic advice and full-service corporate banking capabilities to
San Francisco’s middle-market companies.”
Bringing more than three decades of executive-level experience
in relationship management and commercial banking to his role,
Gruebele will be responsible for developing and maintaining
relationships with middle-market clients including family-owned
businesses and private equity-owned middle-market companies. In
addition to helping clients reach their financial goals, he will
play an active role on Fifth Third’s leadership team as it
continues to build out its banking services in San Francisco over
the coming months.
The hire is part of the strategic buildout in the market. Fifth
Third recently announced its San Francisco-based Renewable Energy
Investment Banking Group. Fifth Third established its first
presence in California in 2013 with the opening of an office in
Century City for its Technology, Media and Telecom, and Diversified
Industries verticals in addition to treasury management and
commercial real estate team members. Yurosek joined Fifth Third in
December 2017 as California market president.
“San Francisco’s vibrant and highly diverse market makes it
compelling to Fifth Third from a talent and business perspective,”
added Yurosek. “We’re excited to leverage the market entry model
from our recent success in Southern California in the Bay Area,
where we believe we can deliver value.”
Gruebele joins Fifth Third from Wells Fargo. He holds a
bachelor’s degree from the University of California, Davis, and
currently serves on the board of directors for the Mt. Diablo
Silverado Council of the Boy Scouts of America, the San Francisco
Chamber of Commerce, and the San Francisco office of SPUR, the San
Francisco Bay Area Planning and Urban Research Association. He is
also on the advisory board for John Muir Health Foundation.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio and the indirect parent company
of Fifth Third Bank, an Ohio-chartered bank. As of June 30, 2019,
Fifth Third had $169 billion in assets and operated 1,207
full-service Banking Centers and 2,551 ATMs with Fifth Third
branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida,
Tennessee, West Virginia, Georgia and North Carolina. In total,
Fifth Third provides its customers with access to approximately
53,000 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, 2019, had
$399 billion in assets under care, of which it managed $46 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. Deposit and Credit products are
offered by Fifth Third Bank. Member FDIC.
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Shandi Huber (Media) Shandi.huber@53.com | 513-534-8894
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
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