Fifth Third Bancorp (Nasdaq: FITB) today announced it has closed on the
acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR.
“Adding the Epic Insurance and Integrity HR teams to Fifth Third is a
meaningful step in strengthening our insurance capabilities for
clients,” said Mike Michael, executive vice president and head of Wealth
and Asset Management for Fifth Third. “This acquisition enables us to
also enter into the employee benefits and human resources consulting
business, where we see an opportunity to grow and bring tremendous value
to our Business, Commercial, and Wealth and Asset Management clients
throughout our footprint.”
Don Thompson along with the other principals of Epic Insurance
Solutions, Jason Rankin and John Neace will continue to lead the
insurance organization and Amy Letke will lead the HR Consulting
practice for the combined firms. The firm’s employees and offices will
remain in Kentucky and Indiana.
Epic Insurance Solutions was founded in 2013. Its primary service areas
include commercial and personal property insurance, and casualty and
employee benefits services. Integrity HR was founded in 2007. Its
primary services include human resources outsourcing, recruiting,
training, human resources policies and procedures, and other human
resources-related services.
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 Company’s NorthStar strategy, a three-year plan designed to
deliver strong, consistent returns through economic cycles.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of Sept. 30, 2017, the Company had
$142 billion in assets and operated 1,155 full-service Banking Centers
and 2,465 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 also has an 8.6 percent interest
in Vantiv Holding, LLC. Fifth Third is among the largest money managers
in the Midwest and, as of Sept. 30, 2017, had $348 billion in assets
under care, of which it managed $36 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-NEWS
Sean.parker2@53.com