Fifth Third Bank Extends More Than $8.6 Billion in Credit to Business Customers
February 06 2015 - 11:05AM
Business Wire
Fifth Third Bank announced today that it has extended more than
$8.6 billion in new and renewed credit to business customers from
October through December 2014. 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:
- Bluegreen Corporation is a
vacation ownership company based in Boca Raton, Florida that
employs more than 4,500 people. The Bluegreen Vacation Club has
more than 180,000 owners with over 60 owned or managed resorts.
Bluegreen Corporation secured a syndicated credit facility to
enhance working capital.
- Certified Finishes, Inc. is a
commercial flooring and installation firm headquartered in Atlanta,
Georgia. Certified Finishes secured a loan that will be used to
grow their business by hiring additional employees and acquiring a
52,000 sq. ft. commercial building.
- Spectra-Tech Manufacturing is an
electronics manufacturer and provider of printed circuit board
assemblies. Spectra-Tech offers a wide range of services and
advanced capabilities from prototypes to low or high volume
production of electronic assemblies. Headquartered in Batavia,
Ohio, Spectra-Tech Manufacturing secured a construction loan to
expand their manufacturing facility and purchase new
equipment.
“Fifth Third has a strong history of lending to qualified
borrowers and providing comprehensive solutions to meet the needs
of our clients,” said Greg Kosch, executive vice president and head
of the Wholesale Bank for Fifth Third. “At Fifth Third Bank, we are
helping businesses expand, hire new employees and better serve the
people of their communities.”
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of December 31, 2014, the
Company had $139 billion in assets and operated 15 affiliates with
1,302 full-service Banking Centers, including 101 Bank Mart®
locations, most open seven days a week, inside select grocery
stores and 2,638 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 December 31, 2014, 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®
Global Select Market under the symbol “FITB.” Fifth Third Bank was
established in 1858. Member FDIC
Fifth Third BankSean Parker, 513-534-6791
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