30-year Veteran will assess strategic opportunities
Fifth Third Bancorp (NASDAQ: FITB) today announced that Howard McClure,
a 30- year veteran of the insurance industry, has joined the
organization as senior vice president and head of insurance services. He
will report directly to Lars Anderson, chief operating officer.
“I have long admired Howard’s accomplishments in the insurance industry
and am looking forward to working with him on a day-to-day basis,” said
Anderson.
“Howard McClure is the perfect individual to help Fifth Third evaluate
and launch strategic initiatives to further grow our insurance
presence,” added President and CEO Greg D. Carmichael. “We are excited
to have such a seasoned professional join us to lead this initiative.”
McClure previously served as president of Palmer & Cay of Texas, and
prior to that he led Wells Fargo’s Southwest region and headed a major
part of Wachovia’s insurance business. He also worked at Chubb
Insurance’s Financial Institutions group, with responsibility for the
Pacific and Asia regions.
McClure has a bachelor’s degree in business from Colorado College and
serves on the board of the Insurance Industry Charitable Foundation.
At Fifth Third, he will be responsible for developing and leading an
enhanced, holistic insurance strategy, including evaluating alternatives
to expand the Bank’s insurance offerings, and employee benefits for the
consumer and commercial lines of business.
McClure said, “I am pleased to join the Fifth Third team. Insurance
represents a key component of the financial foundation for every
business and family. As a customer-centered bank, Fifth Third is looking
to create economic security and a strong future for our clients.”
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $142 billion in
assets and operates 1,295 full-service Banking Centers, including 99
Bank Mart® locations, most open seven days a week, inside select grocery
stores and 2,650 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 is among the largest money managers in the Midwest and, as
of September 30, 2015, had $297 billion in assets under care, of which
it managed $25 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.
Fifth Third Bancorp
Larry Magnesen, 513-534-8055