Fifth Third Bank Extends More Than $12 Billion in Credit to Business Customers
August 06 2015 - 4:16PM
Business Wire
Fifth Third Bank announced today that it has extended more than
$12 billion in new and renewed credit to business customers from
April through June 2015. Fifth Third Bank loaned more than $8.5
billion to businesses throughout its footprint during the First
Quarter of 2015.
Companies who have received loans from Fifth Third Bank during
this time period include:
- Assurance Operations Corp, a
full service engineering and manufacturing solutions company
specializing in metal fabrication, stamping applications and
industrial packaging. The Lawrenceburg, TN based company secured
acquisition financing and treasury management services.
- American Panel Corporation, a
producer and distributor of commercial and military plane panels
and technology and Manufacturing Resources International is
a manufacturer and distributor of large digital display marketing
units. The Alpharetta, Georgia based companies secured a line of
credit, commercial real estate loan and other treasury management
services.
- Kalson’s Hospitality, an
owner/operator of nationally flagged hotels in Central Florida. The
Company secured a construction loan to develop a 133 room Homewood
Suites.
- The Cellular Connection, a
premium Verizon Wireless Retailer in Carmel, Indiana. The Company
secured a revolving line of credit, term loan for acquisitions and
to enhance working capital.
- Orion Care Services, an
owner/operator of 18 skilled nursing facilities located in Ohio and
Michigan secured a term loan to refinance existing real estate and
fund future acquisitions and development.
- Spears Transfer Expediting, a
Dayton, Ohio based trucking and logistics company. The Company
secured an SBA term loan, line of credit and other treasury
management services to enhance working capital.
“Fifth Third remains dedicated to providing business access to
credit,” said Greg Kosch, executive vice president and head of the
Wholesale Bank for Fifth Third. “We will continue to work with
qualified businesses to help them expand and generate jobs.”
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $142 billion in
assets and operates 1,299 full-service Banking Centers, including
101 Bank Mart® locations, most open seven days a week, inside
select grocery stores and 2,630 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, 2015, had
$304 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.
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Fifth Third BancorpSean Parker, 513-534-6791
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