Fifth Third Bank’s Chicago Chairman & CEO Mitchell Feiger to Retire
May 08 2020 - 1:01PM
Business Wire
Regional President Mark Hoppe to Succeed
Feiger
Fifth Third Bank, National Association, announced today that
Mitchell Feiger, the chairman and CEO of Fifth Third Bank
(Chicago), will retire on May 29, 2020. Succeeding him as the
leader of the Chicago region will be Mark Hoppe, who had been named
to the post of regional president in July 2019.
Feiger had served in his current role since the merger of Fifth
Third Bank and MB Financial in March 2019. He previously had served
as president and CEO of MB Financial. “I expect a seamless
transition to Mark’s leadership,” Feiger said. “Mark has worked
closely with me and the other members of the leadership team for
many years, and even amid today’s challenges, I know he will
continue to lead our operations in Chicago with a focus on growth
and a dedication to Fifth Third’s core values.”
He added, “I look forward to a new chapter of my life, with
greater time available both for community service and my family.
This is an opportune time to step down from my day-to-day
responsibilities, with a strong leader identified to succeed
me.”
Greg D. Carmichael, chairman, CEO and president of Fifth Third
Bancorp, said, “We could not be more pleased with the progress we
have made in Chicago since the merger. We are well on our way to
realizing the ambitions we have for our Chicago operations, and are
thankful for Mitch’s accomplishments in setting us on the right
course.”
He continued, “We are mindful of the challenges that we all face
with the current pandemic. Fortunately, we have a seasoned and
recognized leader in Mark Hoppe, who will drive our continued
success in Chicago, now and in the future.”
Hoppe’s broad management capabilities include having served in
executive leadership roles in banking, including as president of MB
Financial Bank, chief executive officer of Taylor Capital and
president, CEO and a director of Cole Taylor Bank. His experience
in commercial banking also includes more than 27 years with LaSalle
Bank, N.A., where, among other responsibilities, he served as CEO
of LaSalle Bank Midwest in Michigan.
Hoppe serves on the board of directors and finance committee for
Ann & Robert H. Lurie Children’s Hospital of Chicago, the board
of trustees for Loyola University of Chicago, and on the board of
advisors and executive committee for Catholic Charities of the
Archdiocese of Chicago. He is a member of the board of trustees and
finance committee of Window to the World Communications, Inc.
(“WTTW/WFMT”), and the executive committee of DePaul University’s
Center for Financial Services.
Hoppe is a past chairman of the Illinois Bankers Association and
past president of the Bankers Club of Chicago.
He holds an MBA and a BBA in Finance from the University of
Wisconsin.
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, National Association, a federally chartered
institution. As of March 31, 2020, Fifth Third had $185 billion in
assets and operated 1,123 full-service banking centers and 2,464
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 March 31, 2020, had $374 billion in assets under
care, of which it managed $42 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, National Association.
Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20200508005352/en/
Larry Magnesen (Media Relations) Larry.Magnesen@53.com |
312-704-5564 Chris Doll (Investor Relations)
Christopher.Doll@53.com | 513-534-2345
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