Commercial Banking Veteran to Lead Middle-market Business
Fifth Third Bancorp (Nasdaq: FITB) has announced it is expanding its
commercial banking capabilities to serve California-based middle-market
companies by hiring Joseph Yurosek to serve as market president. He will
report directly to Lars Anderson, executive vice president and chief
operating officer.
Yurosek will be responsible for building a team to provide dedicated
resources in client coverage, credit, treasury management and capital
markets to support the needs of middle-market companies across the state.
“The expansion of talent in California represents a significant
opportunity for Fifth Third to support clients and grow our core
middle-market business,” said Anderson. “Joe’s knowledge of the
California market strengthens our commitment to keep the customer at the
center of everything we do. In-state leadership will deepen
relationships and enable us to provide services and solutions that help
our clients reach their financial goals.”
Yurosek joins Fifth Third from Comerica, where he served as market
president for the Orange County region. He also was responsible for
corporate middle-market strategy in Orange County, Long Beach and San
Diego and co-led sponsor coverage strategy for Southern California.
Prior to that, Yurosek was regional middle-market group manager in Los
Angeles and Long Beach.
Yurosek has more than 25 years of banking experience. He holds a
bachelor’s degree from California Polytechnic State University – San
Luis Obispo and earned his MBA from University of Southern California’s
Marshall School of Business.
This newly created position builds upon Fifth Third’s well-established
commercial vertical and market expansion strategy. Fifth Third is making
significant 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 nearly 55,000 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.
Fifth Third Bancorp
Sean Parker (Media), 513-534-NEWS
Sameer Gokhale (Investors), 513-534-2219