Fifth Third Bank
Industry: Banks and Financial Services
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Fifth Third Bank Profile
Company Size:
10,000+
Industry:
Banks and Financial Services
Founded Year:
1989
Type:
Company - Public (FITB)
Revenue:
$5B to $10B (USD)
Fifth Third Bank Corporate Office
Headquarter Address:
38 Fountain Sq. PlazaFifth Third CenterCincinnati OH, United States 45263
Phone Number:
800-972-3030
Executives:
CEO Kevin T. Kabat
CFO Tayfun Tuzun
COO Greg D. Carmichael
CFO Tayfun Tuzun
COO Greg D. Carmichael
Fifth Third Bank Customer Service
Phone Number:
800-972-3030
Support Website:
Fifth Third Bank customer service online
Fifth Third Bank Hours
- mon:
10:00 am - 8:00 pm - tue:
10:00 am - 8:00 pm - wed:
10:00 am - 8:00 pm - thu:
10:00 am - 8:00 pm - fri:
10:00 am - 8:00 pm - sat:
10:00 am - 5:00 pm - sun:
11:00 am - 4:00 pm
About Fifth Third Bank
Fifth Third Bancorp wants to be first in the hearts and minds of its customers. The holding company operates some 1,300 Fifth Third Bank branches, including more than 100 Bank Mart locations open seven days a week inside supermarkets, in a dozen states in the Midwest and Southeast. Its largest markets are Ohio, Michigan, and Florida. Fifth Third operates through four segments: branch banking (deposit accounts and loans for consumers and small businesses), commercial banking (lending, leasing, and syndicated and trade finance for corporate clients), consumer lending (residential mortgages, home equity loans, and credit cards), and investment advisors (private banking, brokerage, and asset management).
The company owns 39% of Vantiv, one of the country's largest payment processing firms. Fifth Third spun off part of the unit, formerly named Fifth Third Processing Solutions, in 2009 as part of a plan to create a stand-alone payment processing business. Two years later, Fifth Third Processing changed its name to Vantiv in preparation for taking itself public (which it did in 2012). Fifth Third also has board representation through Greg Carmichael and Paul Reynolds. Vantiv itself has been growing through acquisitions, such as its 2010 purchase of merchant acquirer National Processing Company. It also acquired assets from bankrupt Springbok Services, including that firm's prepaid card processing platform.
The states Fifth Third serves, especially Michigan and Florida - more... Fifth Third Bancorp wants to be first in the hearts and minds of its customers. The holding company operates some 1,300 Fifth Third Bank branches, including more than 100 Bank Mart locations open seven days a week inside supermarkets, in a dozen states in the Midwest and Southeast. Its largest markets are Ohio, Michigan, and Florida. Fifth Third operates through four segments: branch banking (deposit accounts and loans for consumers and small businesses), commercial banking (lending, leasing, and syndicated and trade finance for corporate clients), consumer lending (residential mortgages, home equity loans, and credit cards), and investment advisors (private banking, brokerage, and asset management).
The company owns 39% of Vantiv, one of the country's largest payment processing firms. Fifth Third spun off part of the unit, formerly named Fifth Third Processing Solutions, in 2009 as part of a plan to create a stand-alone payment processing business. Two years later, Fifth Third Processing changed its name to Vantiv in preparation for taking itself public (which it did in 2012). Fifth Third also has board representation through Greg Carmichael and Paul Reynolds. Vantiv itself has been growing through acquisitions, such as its 2010 purchase of merchant acquirer National Processing Company. It also acquired assets from bankrupt Springbok Services, including that firm's prepaid card processing platform.
The states Fifth Third serves, especially Michigan and Florida, have been among the hardest hit markets in the financial downturn. As a result, the company has been dealing with relatively slow recoveries as well as the low interest rates and new regulations limiting fees that have impacted banks across the nation. Revenues fell in 2010 and again in 2011, largely due to the sale of its processing unit as well as lower yields on its commercial and consumer loans, but the company has been improving its loan portfolio and its credit quality has gone up. Fifth Third has been heavily active in getting permanent modifications for distressed mortgages under the Treasury Department's Home Affordable Modification Program, or HAMP. Due to those efforts, and some cost-cutting measures, the company's profits rose by some 72% in 2011 to $1.3 billion.
In addition to strengthening its loan portfolio, Fifth Third is on the lookout for strategic growth opportunities, either through opening new branches or through buying other banks or bank branches. In late 2012 it's expanding in the St. Louis region through two new locations. The company has also targeted private banking, treasury management, and small business services as areas ripe for growth.
Fifth Third traces its unusual name to the 1908 merger of Cincinnati's Fifth National Bank and Third National Bank. - less
The company owns 39% of Vantiv, one of the country's largest payment processing firms. Fifth Third spun off part of the unit, formerly named Fifth Third Processing Solutions, in 2009 as part of a plan to create a stand-alone payment processing business. Two years later, Fifth Third Processing changed its name to Vantiv in preparation for taking itself public (which it did in 2012). Fifth Third also has board representation through Greg Carmichael and Paul Reynolds. Vantiv itself has been growing through acquisitions, such as its 2010 purchase of merchant acquirer National Processing Company. It also acquired assets from bankrupt Springbok Services, including that firm's prepaid card processing platform.
The states Fifth Third serves, especially Michigan and Florida - more... Fifth Third Bancorp wants to be first in the hearts and minds of its customers. The holding company operates some 1,300 Fifth Third Bank branches, including more than 100 Bank Mart locations open seven days a week inside supermarkets, in a dozen states in the Midwest and Southeast. Its largest markets are Ohio, Michigan, and Florida. Fifth Third operates through four segments: branch banking (deposit accounts and loans for consumers and small businesses), commercial banking (lending, leasing, and syndicated and trade finance for corporate clients), consumer lending (residential mortgages, home equity loans, and credit cards), and investment advisors (private banking, brokerage, and asset management).
The company owns 39% of Vantiv, one of the country's largest payment processing firms. Fifth Third spun off part of the unit, formerly named Fifth Third Processing Solutions, in 2009 as part of a plan to create a stand-alone payment processing business. Two years later, Fifth Third Processing changed its name to Vantiv in preparation for taking itself public (which it did in 2012). Fifth Third also has board representation through Greg Carmichael and Paul Reynolds. Vantiv itself has been growing through acquisitions, such as its 2010 purchase of merchant acquirer National Processing Company. It also acquired assets from bankrupt Springbok Services, including that firm's prepaid card processing platform.
The states Fifth Third serves, especially Michigan and Florida, have been among the hardest hit markets in the financial downturn. As a result, the company has been dealing with relatively slow recoveries as well as the low interest rates and new regulations limiting fees that have impacted banks across the nation. Revenues fell in 2010 and again in 2011, largely due to the sale of its processing unit as well as lower yields on its commercial and consumer loans, but the company has been improving its loan portfolio and its credit quality has gone up. Fifth Third has been heavily active in getting permanent modifications for distressed mortgages under the Treasury Department's Home Affordable Modification Program, or HAMP. Due to those efforts, and some cost-cutting measures, the company's profits rose by some 72% in 2011 to $1.3 billion.
In addition to strengthening its loan portfolio, Fifth Third is on the lookout for strategic growth opportunities, either through opening new branches or through buying other banks or bank branches. In late 2012 it's expanding in the St. Louis region through two new locations. The company has also targeted private banking, treasury management, and small business services as areas ripe for growth.
Fifth Third traces its unusual name to the 1908 merger of Cincinnati's Fifth National Bank and Third National Bank. - less
Fifth Third Bank Employee Benefits
Fifth Third Bank works hard to offer employees comprehensive benefits, including competitive pay, excellent insurance coverage, career mentoring and many other great perks.
Working in Fifth Third Bank, you will get
benefits in
1.Insurance, Health & Wellness: Health Insurance, Dental Insurance, Flexible Spending Account (FSA), Vision Insurance, Health Savings Account (HSA), Life Insurance, Supplemental Life Insurance, Disability Insurance, Occupation Accident Insurance, Mental Health Care and Accidental Death & Dismemberment Insurance;
2.Financial & Retirement: Pension Plan, 401K Plan, Retirement Plan, Employee Stock Purchase Plan, Performance Bonus and Stock Options;
3.Family & Parenting: Maternity & Paternity Leave, Adoption Assistance, Military Leave, Family Medical Leave and Unpaid Extended Leave;
4.Vacation & Time Off: Vacation & Paid Time Off, Sick Days, Paid Holidays, Volunteer Time Off and Bereavement Leave;
5.Perks & Discounts: Employee Discount, Employee Assistance Program, Mobile Phone Discount and Company Social Events;
6.Professional Support: Diversity Program, Job Training, Professional Development and Tuition Assistance.
Salaries in Fifth Third Bank
| Customer Service Representative | $24,751 per year |
| Personal Banker | $34,933 per year |
| Teller | $25,493 per year |
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Job Openings in Fifth Third Bank
Job Title
Location
Time
- Director, Supplier Diversity. Cincinnati, OH 2019-03-16
- Wealth Management Advisor II UL. Lorain, OH 2019-01-10
- Retail Personal Banker Associate II (SALES) Erie, MI 2019-01-10
- Retail Personal Banker Associate I. Williams Creek, IN 2019-01-10
- Business Coordinator Arcola, TX 2019-01-10
- Float CSR / Teller - Wilmar - Full-Time Albemarle, NC 2019-01-10
- Retail Personal Banker Associate II Bedford, OH 2019-01-10
- Preferred Relationship Manager Hiram, OH 2019-01-10
- Private Bank Tax Services Specialist Sand Lake, MI 2019-01-10
- Consumer Loan Advisor I - Second Shift Delhi, OH 2019-01-10
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