Company News »

Fifth Third Bank Extends More Than $8.5 Billion in Credit to Business Customers

Business Wire
Share on StockTwits
Published on

Fifth Third Bank announced today that it has extended more than $8.5 billion in new and renewed credit to business customers from January through March 2015. Fifth Third Bank loaned more than $31 billion to businesses throughout its footprint in 2014.

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

  • Contravest is a leading multi-family developer, general contractor and property manager based in Central Florida. Contravest secured a construction loan for the development of a 262 unit apartment complex in Tampa, Florida.
  • Finfrock Enterprises, Inc., the largest prefabricated concrete general contractor and build/design company in Florida. Finfrock secured a new construction loan to develop a 183 room waterfront Hyatt Hotel in Naples, Florida.
  • Kumho Tire is the eleventh largest tire manufacturer in the world. Headquartered in South Korea, Kumho recently announced the development of a new plant in Macon, Georgia. Kumho obtained a line of credit to support import letters of credit.

“We work closely with our business customers to provide them the right solutions and services to improve their access to working capital and to help them grow,” said Greg Kosch, executive vice president and head of the Wholesale Bank for Fifth Third.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2015, the Company had $140 billion in assets and operated 15 affiliates with 1,303 full-service Banking Centers, including 101 Bank Mart(R) locations, most open seven days a week, inside select grocery stores and 2,637 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 March 31, 2015, had $308 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 www.53.com. 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. Loans subject to credit review and approval. Member FDIC, Equal Housing Lender.

Share on StockTwits


Iron FX 1.11156/1.11128 2.8
XM Markets 1.09948/1.09928 2
FxPro 1.10184/1.10171 1.3
FXCM 1.13943/1.13912 3.1