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FITB Fifth Third Bancorp

36.89
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Fifth Third Bancorp NASDAQ:FITB NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 36.89 36.52 37.15 0 01:00:00

Fifth Third Bank Extends More Than $12 Billion in Credit to Business Customers

27/04/2016 2:42pm

Business Wire


Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart


From May 2019 to May 2024

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In the first quarter of 2016, Fifth Third Bank (NASDAQ: FITB) extended more than $12 billion in new and renewed credit to business customers. During calendar year 2015, Fifth Third Bank loaned more than $48 billion to businesses.

Companies that received loans from Fifth Third Bank during this time period include:

Digital Insurance, the nation’s largest benefits-only insurance broker, specializing in insurance distribution and benefits management for small to mid-sized companies. The Atlanta, Georgia based insurance broker received a line of credit to support their acquisition strategy.

Dry County Brewing Company, a craft microbrewery in Kennesaw, Georgia. Fifth Third Bank helped the company secure an SBA loan for capital equipment purchases and leasehold improvements. The funds were used to secure the equipment needed to move their craft beer production from a third party manufacturer to in-house production.

Superior Uniform Group, manufacturer and seller of a wide range of uniforms, career apparel and accessories for healthcare, hospitality, public safety, industrial and commercial markets. Fifth Third Bank provided the Seminole, Florida based company a revolving line of credit and term loan to acquire BAMBKO to expand and complement their product lines.

Web.com, provider of a full range of internet services to small businesses to help them compete and succeed online. Fifth Third Bank helped the Jacksonville, Florida based firm secure acquisition financing to expand services to include cloud-based marketing automation for clients with online, mobile and social presence.

About Fifth Third Bank

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,241 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and over 2,500 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2016, had $303 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. 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 BankSean Parker, 513-534-6791

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