Fifth Third Bank Named ‘Bank of the Year U.S.’ by The Banker
December 01 2023 - 8:00AM
Business Wire
Bank recognized for performance, innovation,
serving customers
Fifth Third is proud to announce it has been named “Bank of the
Year” for the U.S. 2023 by The Banker. This annual award program
recognizes industry-wide excellence within the global banking
community.
“Congratulations to Fifth Third Bank for outshining the
competition to win the Bank of the Year award for the U.S.,” said
Joy Macknight, editor of The Banker. “The judges were impressed by
Fifth Third’s commitment to leveraging technology and innovation to
serve its customers. Major achievements include the strengthening
of its embedded payments offering and of its private bank’s
Business Transition Advisory Team (BTAT), dedicated to preparing
business owners for their succession planning.”
In May 2023, Fifth Third announced the acquisition of Rize
Money, Inc., an embedded payments platform that provides payment
infrastructure and risk management capabilities to fintechs and
other technology companies that want to offer innovative financial
products through a single application programming interface. Fifth
Third’s win is also attributed to the evolution of its mobile app
virtual assistant Jeanie.
“I believe great banks stand apart from the rest by how they
navigate challenging environments and deliver for their customers,”
said Tim Spence, Fifth Third’s president and CEO. “That is when
customers need our advice and support most, and when we can
generate outperformance for shareholders. I want to thank our
employees for everything they’ve done to earn this honor.”
Judges select winning banks based on performance, innovation,
adding customer value and leadership in society. The Banker selects
one winning bank for each of the 120 countries judged.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association, is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com.
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Beth Oates (Media Relations) Beth.Oates@53.com | 313-230-9002
Matt Curoe (Investor Relations) Matthew.Curoe@53.com |
513-534-5100
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