CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (Nasdaq: FITB) today announced it has closed on the acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR.
“Adding the Epic Insurance and Integrity HR teams to Fifth Third is a meaningful step in strengthening our insurance capabilities for clients,” said Mike Michael, executive vice president and head of Wealth and Asset Management for Fifth Third. “This acquisition enables us to also enter into the employee benefits and human resources consulting business, where we see an opportunity to grow and bring tremendous value to our Business, Commercial, and Wealth and Asset Management clients throughout our footprint.”
Don Thompson along with the other principals of Epic Insurance Solutions, Jason Rankin and John Neace will continue to lead the insurance organization and Amy Letke will lead the HR Consulting practice for the combined firms. The firm’s employees and offices will remain in Kentucky and Indiana.
Epic Insurance Solutions was founded in 2013. Its primary service areas include commercial and personal property insurance, and casualty and employee benefits services. Integrity HR was founded in 2007. Its primary services include human resources outsourcing, recruiting, training, human resources policies and procedures, and other human resources-related services.
This announcement builds upon Fifth Third’s recent acquisitions of R.G. McGraw Insurance Agency and The Retirement Corporation of America. Fifth Third is making substantial investments in value-added products and services to help clients with their most pressing financial and risk management challenges. This focus supports the Company’s NorthStar strategy, a three-year plan designed to deliver strong, consistent returns through economic cycles.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of Sept. 30, 2017, the Company had $142 billion in assets and operated 1,155 full-service Banking Centers and 2,465 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 also has an 8.6 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of Sept. 30, 2017, had $348 billion in assets under care, of which it managed $36 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
Fifth Third Bancorp provides access to investments and investment services through various subsidiaries. Investments and Investment Services:
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Fifth Third Bancorp
Sean Parker, 513-534-NEWS
Source: Fifth Third Bancorp