Bob Sullivan Becomes Regional Chairman
Fifth Third Bancorp (Nasdaq: FITB) announced today that it has named
Eric Smith regional president of Fifth Third Bank (Chicago), effective
Oct. 1. He will report to Steve Alonso, group regional president.
Smith joined
as market president of Fifth Third Bank (Chicago) last fall, with a
focus on driving the Bank’s growth in credit, treasury management
services, capital markets and corporate advisory solutions. In his
expanded role, Eric will oversee Fifth Third’s Commercial and Wealth and
Asset Management businesses, as well as lead strategic growth across all
lines of business for the entire Chicago region.
“Over the last year, Eric has played a key leadership role in shaping
our overall business strategy for the Chicago region,” said Lars
Anderson, chief operating officer of Fifth Third Bancorp. “He has played
an instrumental role in building out the leadership team and leading
business development efforts, while maintaining a high level of civic
engagement.”
Smith joined Fifth Third from JP Morgan Chase, where he most recently
served as chief financial officer of Middle Market Banking.
Smith has a long history of commitment to the Chicagoland non-profit and
civic community as reflected through his board service and volunteerism.
He currently serves as the Chairman of the Board for the Chicago Urban
League. He is a member of the board of the Lyric Opera of Chicago, the
Ann & Robert H. Lurie Children’s Hospital of Chicago, Goodman Theatre
and the Chicago Public Education Fund. Smith is a member of the Economic
Club of Chicago and the Executives’ Club of Chicago.
“Since joining the Bank, Eric has been very thoughtful in his approach
to team development and the delivery of solutions to our customers,”
said Alonso. “I am confident that he will continue to build on the
progress in growing our Chicago franchise.”
Bob Sullivan, who has served as regional president since 2011, will
become regional chairman. In this capacity, he will focus on his
significant community involvement, including his current role as chair
of the 2017 Metro Chicago United Way Campaign. Over Sullivan’s long and
accomplished career, he has served as regional president of Fifth Third
Bank’s operations in Cincinnati and Northwestern Ohio. He also has led
Fifth Third Bancorp’s Commercial Banking division, Investment Advisors
division (now Wealth & Asset Management) and Fifth Third Processing
Solutions.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company had
$141 billion in assets and operated 1,157 full-service Banking Centers
and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida,
Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth
Third provides its customers with access to more than 45,000 fee-free
ATMs across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending, and
Wealth & Asset Management. Fifth Third is among the largest money
managers in the Midwest and, as of June 30, 2017, had $330 billion in
assets under care, of which it managed $34 billion for individuals,
corporations and not-for-profit organizations through its Trust and
Registered Investment Advisory 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.
Fifth Third Bancorp
Sean Parker (Media), 513-534-6791
Sameer Gokhale (IR), 513-534-2219