Fifth Third Bancorp (NASDAQ: FITB) announced today that its Equipment Financing group is expanding its market presence. The team will now operate as four distinct regions: South, North Central, Midwest and East.
“Organizing our team under the construct of four regions enables us to streamline our processes,” said Tom Partridge, president of Fifth Third Equipment Finance. “As a result, we’re able to better serve our existing and prospective customers, which is our number one priority.”
As part of the new structure, Fifth Third appointed a managing director to lead each region.
- Bob Davies brings more than 25 years of experience to lead the East Region. This includes Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia and West Virginia.
- Lance King will lead the South Region, covering Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Texas. He brings more than 20 years of experience to his role.
- Bob Krefting will oversee the Midwest Region, which includes Indiana, Kentucky, Michigan and Ohio. He has more than 35 years of experience, including 13 years with Fifth Third.
- Dave Schlaf, who brings more than 30 years of experience to the team, will lead the North Central Region. This covers Arizona, California, Colorado, Kansas, Illinois, Iowa, Minnesota, Missouri, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, Wisconsin and Wyoming.
Fifth Third’s equipment financing solutions enable customers to reduce costs, preserve assets, improve cash flow and liquidity, expand budgets for capital and more. The team customizes solutions for each customer, offering traditional and non-traditional options for equipment, vehicles, facilities and other critical purchases for a business.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $144 billion in assets and operates 1,191 full-service Banking Centers, including 94 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,541 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2016, had $305 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. 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.