Fifth Third Bank

Our history

Our history

In 1858, William W. Scarborough and eleven bold entrepreneurs opened The Bank of the Ohio Valley in Cincinnati, Ohio. Their purpose and promise was noble – to help improve the lives of their customers and communities through sound banking principles and superior service. This unwavering vision remains at the heart of everything we do today.

     

     

Fifth Third Bank

June 17, 1858

Fifth Third traces its origins back to The Bank of the Ohio Valley which organized in June 1858. Founded by William W. Scarborough, the bank opened on Third Street between Vine and Walnut Streets, then the city’s financial district.

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Fifth Third Bank

Late 1800s

With no Federal Reserve System in place, Cincinnati banks open and close frequently in the late 1800s and early 1900s. Numerous banks in Fifth Third’s family tree emerged during this time including Queen City National Bank, Market National Bank, Union Savings Bank and Trust, and Third National Bank. 

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Fifth Third Bank

Early 1900s

Numerous banks in Fifth Third’s family tree emerge during this time including Queen City National Bank, Market National Bank, Union Savings Bank and Trust, and Third National Bank. 

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1920s

In 1927, Fifth-Third National and The Union Trust Company consolidate to become The Fifth Third Union Trust Company, a name that will last through the late 1970s though most Cincinnatians referred to the bank as “Fifth Third.”

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1930s

The Fifth Third Union Trust Company emerges from the Great Depression as one of the strongest banks in its market, and acquires three smaller banks from 1930 to 1933. 

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1940s

Fifth Third Union Trust plays a significant role in the War Bond effort for World War II and in supporting U.S. troops at home and abroad. 

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1950s

This decade marks Fifth Third’s focus on convenience and service. By 1956, Fifth Third Union Trust has 27 offices, including branches located in shopping centers.

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1960s

Fifth Third continues to expand its branch system and earns the reputation for being the most convenient bank in Cincinnati while also supporting Cincinnati’s redevelopment efforts on Fountain Square.

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1970s

This “can do” decade introduces customers to many firsts for Fifth Third, including JEANIE®- an online automated teller system and first shared ATM network in the United States. 

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1980s

The 80s marks Fifth Third’s greatest period of growth in its history.

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1990s

Seeking to expand its footprint in other states, Fifth Third enters Naples, Florida where many Midwesterners spend winter months. By 1999, Fifth Third has 384 banking centers in Florida, Ohio, Indiana and Kentucky and debuts on the Fortune 500 list.

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2000s

While the national financial crisis looms large in the latter half of this decade, Fifth Third experiences smart growth and expands its services to communities. To accommodate growth in data processing, payments and customer service, Fifth Third opens the George A. Schaefer, Jr. Operations Center in Madisonville.

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2010s

In 2016, Fifth Third makes a $30 billion Community Commitment over five years to lend or invest in low- and moderate-income (LMI) borrowers and in LMI communities through the year 2020.

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Fifth Third Bank

Today

With over 18,840 employees and more than 1,200 banking centers in 10 states, we are proud of our heritage to work hard to improve the lives of our customers, communities and employees. 

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