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Fifth Third Bank Boosts Commercial Equipment Financing Support Across the Country

Group Adds Two New Regional Relationship Managers

CINCINNATI--(BUSINESS WIRE)--Jun. 27, 2017-- Fifth Third Bancorp (NASDAQ: FITB) has added two regional relationship managers to its growing Commercial Equipment Financing group, demonstrating an ongoing commitment to provide a variety of financing options for equipment, vehicles, facilities and more for commercial businesses.

These two new hires build upon last year’s announcement that Fifth Third’s Commercial Equipment Financing Group is expanding its market presence, operating as four distinct regions: South, North Central, Midwest and East.

The new regional relationship managers are:

  • Robin Harmon (Nashville, Tennessee) – Harmon will serve customers in the Tennessee and Mississippi markets, reporting to Lance King, managing director of the South region. Harmon brings more than 25 years of equipment finance experience to the Bank, most recently as national finance manager for Commercial Marine at TCF Equipment Finance. Harmon can be reached at 615-687-3106 or via email robin.harmon@53.com.
  • Mike Duffy (Pittsburgh, Pennsylvania) – Duffy will serve customers in western Pennsylvania and West Virginia, reporting to Bob Davies, managing director of the East region. His 18+ years of equipment finance experience include roles at GE Capital, First Niagara Leasing and Huntington Bank. Duffy can be reached at 412-291-5439 or via email michael.duffy@53.com.

“We are excited about the addition of our two new regional relationship managers, as they bring a wealth of equipment finance experience to Fifth Third Bank,” said Tom Partridge, president of Fifth Third Equipment Finance. “Our clients and prospective clients will benefit from their industry knowledge and equipment finance expertise to help craft solutions for their capital needs.”

Fifth Third’s equipment financing solutions enable customers to reduce costs, preserve assets, improve cash flow and liquidity, expand budgets for capital and more. The team customizes solutions for each client, offering traditional and non-traditional options for equipment, vehicles, facilities and other critical purchases for a business.

About Fifth Third Equipment Financing Group

Fifth Third’s Equipment Financing Group is the 10th largest bank finance or leasing company, according to equipment finance trade publication Monitor. The group had $7.1 billion assets as of Dec. 31, 2016, an increase of 7 percent from 2015.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2017, the Company had $140 billion in assets and operated 1,155 full-service Banking Centers and 2,471 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. As of March 31, 2017, Fifth Third also had a 17.8 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2017, had $323 billion in assets under care, of which it managed $33 billion for individuals, corporations and not-for-profit organizations through its Trust, Brokerage and Insurance businesses. 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, Equal Housing Lender.

Source: Fifth Third Bancorp

Fifth Third Bancorp
Shandi Huber, 513-534-8894