Company Overview of Fifth Third Bank
Fifth Third Bank provides banking products and services for personal and business needs. Its personal banking products and services include checking accounts, savings accounts, preferred programs, credit cards, debit cards, real life rewards, reloadable prepaid cards, cash banking, mortgages, equity lines and loans, auto financing, personal lines of credit and loans, CDs, IRAs, investments, insurance strategies, planning center, Internet banking and online bill payment, mobile banking, overdraft coverage, early access, and identity theft protection. The company’s business banking products and services comprise lines of credit, term loans, commercial mortgages, small business lending, persona...
Fifth Third Center
38 Fountain Square Plaza
Cincinnati, OH 45263
Founded in 1927
Key Executives for Fifth Third Bank
Chief Executive Officer, President, Director, President of Fifth Third Bancorp, Chief Executive Officer of Fifth Third Bancorp and Director of Fifth Third Bancorp
Director of Research and Director of Equity Strategy
Chief Financial Officer and Executive Vice President
President & CEO, Fifth Third Bank (Northwestern Ohio)
Chief Executive Officer of Fifth Third Bank - Western Ohio and President of Fifth Third Bank - Western Ohio
Compensation as of Fiscal Year 2015.
Fifth Third Bank Key Developments
Fifth Third Bank to Cut 100 Branches
Oct 7 15
Fifth Third won't exit any additional markets beyond Pittsburgh and St. Louis. The bank is cutting 100 branches or 7.7% of its retail footprint under a consolidation plan announced in June. Last month, the bank said it would sell off more than 30 offices in separate deals in Pennsylvania and Missouri. On October 5, 2015, bank officials said the remaining cuts will be achieved by trimming locations in the 10 states where Fifth Third will continue to do retail banking.
Fifth Third Bank to Pay Approximately $85 Million to the Federal Government to Settle Claims Relating to the Practices in Connection with Loans Insured by the Federal Housing Administration
Oct 6 15
The United States Department of Justice announced that Fifth Third Bank will pay approximately $85 million to the federal government to settle claims under the False Claims Act relating to the Bank's practices in connection with loans insured by the Federal Housing Administration (FHA). The settlement also resolves a whistleblower lawsuit filed by Kenney & McCafferty in June, 2011 in the Southern District of New York. Kenney & McCafferty filed the whistleblower complaint on behalf of a former chief appraiser at the Bank, who alleged a broad range of commercial and residential mortgage violations, including fraudulent appraisal practices, which resulted in significant losses to the federal government. The lawsuit was filed under the qui tam, or whistleblower, provisions of the False Claims Act. These provisions permit private parties to sue on behalf of the United States when they believe an individual or company has submitted false claims for government funds. Fraud on the government's mortgage programs has become a major source of False Claims Act recoveries in the wake of the mortgage crisis, and the Fifth Third settlement marks another significant victory for both the government and the taxpayers in this line of cases.
Fifth Third Bank's Georgia Affiliate Promotes Samantha Mcelhaney to Vice President and Business Banking Group Team Leader for the Atlanta Market
Oct 5 15
Fifth Third Bank's Georgia affiliate has announced that it has promoted Samantha McElhaney to vice president and business banking group team leader for the Atlanta market. She will be responsible for coaching and developing a team of approximately seven relationship managers in the greater metro Atlanta market.
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