Fifth Third Bank announced today that it has extended more than $13
billion in new and renewed credit to business customers from October
through December 2012. During 2012, Fifth Third Bank lent nearly $34
billion to businesses throughout its footprint.
“Fifth Third is focused on actively listening to our business customers
to help address their changing needs,” said John Bultema, executive vice
president and head of Business Banking for Fifth Third Bank. “We remain
committed to providing credit and financial services to help businesses
within our footprint expand and create jobs.”
Companies who have received loans from Fifth Third Bank during this time
period include:
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Electro Prime Group, LLC, a parts assembly and metal coating
company headquartered in Toledo, Ohio. The company received the first
United States Small Business Administration (SBA) CAPLines Program
loan offered from Fifth Third Bank. This loan will help Electro Prime
finance short-term and cyclical working capital needs. Electro Prime
also secured an additional SBA loan and treasury management,
commercial card and deposit account services from Fifth Third.
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Kelsey Construction, LLC, a Shepherdsville, Ky. construction
company that specializes in industrial, commercial and public
projects. The company secured a revolving line of credit, an equipment
loan and a commercial card program with Fifth Third Bank to help the
business grow market share.
-
Midstate Industrial, Inc., a Kennesaw, Ga.-based company that
provides equipment to industrial and healthcare systems serving U.S.
and global government entities. The company received a SBA Patriot
Express loan from Fifth Third Bank. The loan helped Midstate
Industrial access the capital needed for future growth plans. The
company also secured merchant services and a treasury management
program through the Bank.
-
Schiel School Project, a joint venture between two
Cincinnati-based property developers, North American Properties and
Uptown Rental Properties. Fifth Third Bank provided a loan to the
developers to support the project, which will include mixed use
development in the Uptown area of urban Cincinnati.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $122 billion in
assets and operates 15 affiliates with 1,324 full-service Banking
Centers, including 106 Bank Mart® locations open seven days a week
inside select grocery stores and 2,409 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 33% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in the
Midwest and, as of December 31, 2012, 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® National Global
Select Market under the symbol "FITB." Lending is subject to credit
review and approval. Fifth Third Bank. Member FDIC.
Fifth Third Bank
Barbara Grimsley, 513-534-6791