Fifth Third Bank Extends More Than $8.5 Billion in Credit to Business Customers
April 30 2015 - 10:00AM
Business Wire
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®
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®
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.
Fifth Third BankSean Parker, 513-534-6791
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Apr 2023 to Apr 2024