CINCINNATI – Fifth Third Bancorp (Nasdaq: FITB) announced today that Fifth Third Securities Inc. has closed on the acquisition of Coker Capital. The acquisition expands Fifth Third’s mergers & acquisitions (M&A) and investment banking capabilities and enhances Fifth Third’s Healthcare vertical, one of its largest areas of industry expertise.
The Coker leadership team has more than 100 years of combined experience and has executed transactions with an aggregate value in excess of $65 billion. The company was founded in 2009 and is led by Managing Directors Dan Davidson, James Heidbreder, Bo Hinton, John Reiboldt and McNeill Wester.
The signing of the acquisition agreement was announced Feb. 5, 2018 and the transaction became effective today.
About Fifth Third Capital Markets
Fifth Third Capital Markets seeks to provide value-added advice and financial risk solutions aimed to support the growth, profitability and capital needs of mid-sized and large corporate clients. Fifth Third Capital Market offerings include investment banking++, debt capital markets+, bond capital markets++, equity capital markets++, financial risk management+, and fixed income sales and trading++. The group has offices in Atlanta, Charlotte, North Carolina, Cincinnati, Chicago, Cleveland, Dallas, and Memphis and Nashville, Tennessee, providing services across a variety of industries such as large corporate; mid corporate; consumer and retail; energy; gaming lodging and leisure; health care; real estate; technology, media and telecom.
+ Services and activities offered through Fifth Third Bank
++ Services and activities offered through Fifth Third Securities, Inc.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of Dec. 31, 2017, the Company had $142 billion in assets and operated 1,154 full-service Banking Centers and 2,469 ATMs with Fifth Third branding 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 54,000 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 Dec. 31, 2017, had $362 billion in assets under care, of which it managed $37 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 Securities is the trade name used by Fifth Third Securities Inc., member FINRA / SIPC, a wholly owned subsidiary of Fifth Third Bank, a registered broker-dealer and a registered investment advisor registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Securities and investments offered through Fifth Third Securities Inc. and insurance products:
- Are Not FDIC Insured
- Offer No Bank Guarantee
- May Lose Value
- Are Not Insured By Any Federal Government Agency
- Are Not A Deposit
About Coker Capital
Coker Capital is a premier M&A advisory services firm offering standard M&A advisory services, financial advisory services, and capital raise advisory solutions to corporate clients, in particular middle-market healthcare companies. The firm serves clients across the United States from its offices in Atlanta, Charlotte and New York. For more information, visit www.cokercapital.com.