Fifth Third Insurance Agency Inc., an indirect, wholly owned subsidiary
of Fifth Third Bancorp (Nasdaq: FITB), announced today that it has
reached an agreement to acquire Epic Insurance Solutions Agency LLC.
Epic Insurance Agency LLC recently reached an agreement to acquire
Integrity HR, Inc. Both transactions are expected to close in fall 2017.
Epic Insurance Solutions was founded in 2013. Its primary service areas
include commercial and personal property insurance and casualty,
employee benefits and HR consulting services. Integrity HR was founded
in 2007. Its primary services include HR outsourcing, recruiting,
training, HR policies and procedures and other HR-related services. The
Louisville-based insurance agency and company primarily serve the
Kentucky and Indiana market.
“This acquisition enables Fifth Third to enhance our insurance
capabilities and HR consulting services to support the diverse needs of
our customers,” said Mike Michael, head of wealth and asset management
for Fifth Third Bank. “Additionally, it allows us to expand our team’s
exceptional talent pool and further deepen our understanding of the
industry.”
This announcement builds upon Fifth Third’s recent acquisitions of R.G.
McGraw Insurance Agency and The
Retirement Corporation of America. Fifth Third is making substantial
investments in value-added products and services to help clients with
their most pressing financial and risk management challenges. This focus
supports the NorthStar strategy, a three-year plan designed to deliver
strong, consistent returns through economic cycles.
“The partners here at Epic, Jason Rankin, John Neace and I are excited
about the opportunity to join Fifth Third Bank, a company that we feel
is a natural and cultural fit for our customers and our team,” said Don
Thompson, president of Epic Insurance Solutions.
“The combination of Employee Benefit Services and HR Consulting services
combined with the strength of Fifth Third provides significant solutions
for our clients,” said Amy Letke, president of Integrity HR.
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 provides access to investments and investment
services through various subsidiaries. Investments and Investment
Services:
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Are Not FDIC Insured
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Offer No Bank Guarantee
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May Lose Value
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Are Not Insured By Any Federal Government Agency
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Are Not A Deposit
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Copyright © 2017. Fifth Third Bank, Member FDIC, Equal Housing Lender,
All Rights Reserved.
Fifth Third Bancorp
Sean Parker, 513-534-6791