CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank announced today that it has extended more than $11.4
billion in new and renewed credit to business customers from April
through June 2013. During the first six months of 2013, Fifth Third Bank
lent more than $19.1 billion to businesses throughout its footprint.
“The needs of today’s business owners continue to change. Fifth Third
works closely with customers to understand their credit needs and find
the right financing solutions to meet their unique business goals,” said
John Bultema, executive vice president and head of Business Banking for
Fifth Third Bank.
Companies who have received loans from Fifth Third Bank during this time
period include:
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Genova Diagnostics, Inc., a medical laboratory that specializes
in personalized medicine and wellness programs headquartered in
Asheville, N.C. The company received an incremental term loan to help
meet its strategic business goals.
-
PillGuard Medication Delivery Systems, LLC, a Louisville,
Ky.-based manufacturer of a prescription delivery device system. The
company secured a term loan and treasury management program from Fifth
Third to help finance continued growth.
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Wen Lake Corporation, a Lakeland, Fla., company that owns a
national restaurant franchise. The company received a U.S. Small
Business Administration (SBA) loan, deposit services and a treasury
management program to help manage cash flow and improve access to
working capital.
“Fifth Third remains committed to lending to qualified borrowers
throughout our footprint,” said Greg Kosch, executive vice president and
head of Commercial Banking for Fifth Third Bank. “We are focused on
providing both our large and small business customers a personalized
approach to lending to help them expand and create new jobs.”
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $123 billion in
assets and operates 18 affiliates with 1,326 full-service Banking
Centers, including 104 Bank Mart® locations open seven days a week
inside select grocery stores and 2,428 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 28% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in the
Midwest and, as of June 30, 2013, had $313 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® National Global
Select Market under the symbol “FITB.” Fifth Third Bank was established
in 1858. Lending is subject to credit review and approval. Fifth Third
Bank. Member FDIC. Equal Housing Lender.
Fifth Third Bank
Barbara Grimsley, 513-534-6791