Fifth Third Bancorp (NASDAQ:FITBI) (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.
The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans. In addition to traditional branch-based banking, Fifth Third Bancorp provides digital and mobile banking platforms, treasury management and payment processing services. Through its wealth and asset management division, the company delivers investment advisory, trust and brokerage services to high-net-worth clients and institutional investors.
Fifth Third’s origins date back to 1858 with the chartering of the Bank of the Ohio Valley. A landmark merger in 1908 between Fifth National Bank and Third National Bank gave rise to the Fifth Third nameplate, and the formation of Fifth Third Bancorp as a bank holding company followed in 1968. Over the years, the company has expanded its footprint and capabilities through strategic acquisitions, most notably the integration of MB Financial in 2018, which enhanced its presence in key Midwest markets.
Today, Fifth Third Bancorp operates a network of full-service branches and ATMs across ten U.S. states and the District of Columbia, with a strong concentration in the Midwest and Mid-Atlantic regions. The company maintains a professional leadership team led by Chairman and Chief Executive Officer Greg D. Carmichael, supported by an executive staff overseeing risk, operations, finance and customer experience initiatives. Fifth Third continues to focus on technological innovation and community engagement as pillars of its growth strategy.
