Finance
Fifth Third Plans to Boost Headcount in Southeast as Much as 15%
- Cincinnati-based bank targets the region’s commercial market
- The company expects net interest income to decline this year
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Fifth Third Bancorp plans to boost headcount for its commercial-banking business in the Southeast by as much as 15% this year as Americans moving into the region bring along a flood of new wealth.
The hires will include product specialists as well as professionals in treasury management, capital markets and private banking, Chief Executive Officer Timothy Spence said in an interview Friday. They will be an addition to the 3,200 people the Cincinnati-based bank already employs in the region, which includes Tennessee, North and South Carolina, Georgia and Florida.