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Fifth Third Announces Management Change

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Fifth Third Bancorp today announced that Michelle Van Dyke, currently regional president, has been named president of Fifth Third Mortgage Company effective immediately, replacing Bob Lewis who is retiring Sept. 19.

In her new role, Van Dyke will report directly to Chad Borton, executive vice president and head of the Consumer Bank.

Van Dyke joined Fifth Third in 2001 through the acquisition of Old Kent Bank, where her assignments included serving as the senior vice president and manager of the Central U.S. Mortgage region and president of the Illinois bank. Since joining Fifth Third, she has served as the regional president for the Michigan affiliates and has also had oversight responsibility for the St. Louis, Indiana and Ohio affiliates. Among other awards, Van Dyke was named one of American Banker’s “25 Most Powerful Women in Banking” in 2007, 2012 and 2013.

Greg D. Carmichael, president and chief operating officer of Fifth Third Bancorp said, “Michelle is a terrific choice and uniquely well-suited to lead our mortgage line of business. She has extensive background in the mortgage business as well as complete familiarity with our affiliate operating structure. I am confident in her ability to drive very strong performance in this important line of business.”

Van Dyke said, “I am very pleased with the new role, which will allow me to focus 100 percent of my attention on a business that for me is a true passion.”

With this change, Fifth Third also will streamline its reporting structure. All affiliate presidents now will report directly to Carmichael. In consideration of the new organization structure, regional president Karen Dee has elected to take this opportunity to retire and pursue other interests.

Carmichael said, “We have significant bench strength at Fifth Third among our leadership team, which gives us confidence to make changes in our management line-up that will produce successful business results in the marketplace.”

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $133 billion in assets and operates 15 affiliates with 1,309 full-service Banking Centers, including 102 Bank Mart(R) locations, most open seven days a week, inside select grocery stores and 2,619 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 22.8% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2014, had $305 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at Fifth Third’s common stock is traded on the NASDAQ(R) Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC.

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