Bob Sullivan Becomes Regional Chairman
CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (Nasdaq: FITB) announced today that it has named Eric Smith regional president of Fifth Third Bank (Chicago), effective Oct. 1. He will report to Steve Alonso, group regional president.
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Eric Smith named regional president for Fifth Third Bank (Chicago). (Photo: Business Wire)
Smith joined as market president of Fifth Third Bank (Chicago) last fall, with a focus on driving the Bank’s growth in credit, treasury management services, capital markets and corporate advisory solutions. In his expanded role, Eric will oversee Fifth Third’s Commercial and Wealth and Asset Management businesses, as well as lead strategic growth across all lines of business for the entire Chicago region.
“Over the last year, Eric has played a key leadership role in shaping our overall business strategy for the Chicago region,” said Lars Anderson, chief operating officer of Fifth Third Bancorp. “He has played an instrumental role in building out the leadership team and leading business development efforts, while maintaining a high level of civic engagement.”
Smith joined Fifth Third from JP Morgan Chase, where he most recently served as chief financial officer of Middle Market Banking.
Smith has a long history of commitment to the Chicagoland non-profit and civic community as reflected through his board service and volunteerism. He currently serves as the Chairman of the Board for the Chicago Urban League. He is a member of the board of the Lyric Opera of Chicago, the Ann & Robert H. Lurie Children’s Hospital of Chicago, Goodman Theatre and the Chicago Public Education Fund. Smith is a member of the Economic Club of Chicago and the Executives’ Club of Chicago.
“Since joining the Bank, Eric has been very thoughtful in his approach to team development and the delivery of solutions to our customers,” said Alonso. “I am confident that he will continue to build on the progress in growing our Chicago franchise.”
Bob Sullivan, who has served as regional president since 2011, will become regional chairman. In this capacity, he will focus on his significant community involvement, including his current role as chair of the 2017 Metro Chicago United Way Campaign. Over Sullivan’s long and accomplished career, he has served as regional president of Fifth Third Bank’s operations in Cincinnati and Northwestern Ohio. He also has led Fifth Third Bancorp’s Commercial Banking division, Investment Advisors division (now Wealth & Asset Management) and Fifth Third Processing Solutions.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company had $141 billion in assets and operated 1,157 full-service Banking Centers and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to more than 45,000 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 June 30, 2017, had $330 billion in assets under care, of which it managed $34 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. Member FDIC, Equal Housing Lender.
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Fifth Third Bancorp
Sean Parker (Media), 513-534-6791
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Source: Fifth Third Bancorp