Fifth Third Names Scott Silvas as Texas Market President
February 28 2019 - 11:11AM
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 Texas-based
middle-market companies by hiring Scott Silvas as market
president.
Based in Houston, Silvas will be responsible for building teams
in Houston and Dallas to support the needs of middle-market
companies across the state. Silvas brings more than 15 years of
banking experience to the role and will report to Tom Heiks,
executive vice president and head of middle-market banking for
Fifth Third.
“Scott knows the market well and understands client needs unique
to the area,” said Heiks. “He also has experience in recruiting top
talent within the market. This positions him well to lead Fifth
Third’s efforts in developing a strong commercial bank in Texas and
we’re excited to have local leadership on board.”
This expands Fifth Third’s capabilities in Texas. The Bank
currently has nearly 30 employees in Dallas and Houston who provide
corporate banking services to clients nationwide. The position also
builds upon Fifth Third’s well-established commercial vertical and
market expansion strategy. The Bank most recently announced Joe
Yurosek as its market president for California.
“Establishing a market president in Texas is a continuation of
Fifth Third’s commitment to expand its broad range of commercial
solutions in high-potential markets,” said Lars Anderson, executive
vice president and chief operating officer of Fifth Third Bank.
“We’ve seen success in California and believe we can deliver value
in Texas, a market I am very familiar with.”
Silvas joins Fifth Third from JP Morgan Chase, where he served
as executive director and managing market executive for the Houston
Middle Market Group since 2014. Prior to that, he held various
roles with JP Morgan since 2010. Silvas began his career in 2003
with Bank of Texas, part of BOK Financial.
He holds a bachelor’s degree from University of Texas at Austin
and earned his MBA from Rice University. He is currently a member
of the board and finance committee for Genesys Works.
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 December 31,
2018, Fifth Third had $146 billion in assets and operated 1,121
full-service Banking Centers and 2,419 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
52,000 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 December 31, 2018,
had $356 billion in assets under care, of which it managed $37
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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