Industry Veteran Joins Fifth Third Bank to Lead New National Group
March 05 2019 - 9:45AM
Business Wire
Matt Sargent named SVP, Head of Wholesale
Deposits and Financial Services
Fifth Third Bank announced today that Matt Sargent will lead its
new Wholesale Deposits and Financial Solutions group, which will
serve specialized middle market and corporate clients.
In the new role, Sargent will report to Tom Heiks, executive
vice president and head of middle market banking for Fifth Third.
He will be responsible for establishing the commercial deposit
strategy for Fifth Third and building a team of specialists to
provide liquidity and treasury management solutions for companies
such as not-for-profit organizations, property management firms,
title/escrow and more.
“Matt has a wealth of knowledge and deep relationships within
these specialized industry sectors,” said Heiks. “He is a proven
leader and I look forward to the value he’ll bring in establishing
the dedicated wholesale deposits and financial services group at
Fifth Third.”
Sargent brings nearly 30 years of banking and finance
experience. He spent the last 11 years with U.S. Bank, most
recently serving as head of commercial deposit and payment
solutions.
He holds a bachelor’s degree from Hamline University and earned
a Graduate Certificate in Banking from Pacific Coast Banking
School. He is currently a member of the board for City of Lakes
Community Land Trust. Matt will continue to be based in
Minneapolis, Minnesota.
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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