- Stephanie Honan 513.534.6957
Three Colorado Banks Sign with Fifth Third Processing Solutions
Three Colorado-based banks have chosen Fifth Third Processing Solutions for electronic fund transfer services.
- The Bank of Denver has signed with Fifth Third for services including, ATM driving, debit and gift card processing and identity theft protection. The company has five branch locations, three ATMs and over $185 million in assets, and completed its conversion to Fifth Third’s platform on May 7.
- First National Bank of Hugo - Limon has signed with Fifth Third for ATM and debit card services and identity theft protection. Established in 1903, the organization has $58 million in assets and two branch locations and ATMs. The bank completed its conversion to Fifth Third’s platform on June 4.
- Canon National Bank has over $205 million in assets and serves its customers with eight branch locations, including its main office in Canon City. Canon National Bank has signed with Fifth Third Processing Solutions for ATM driving, debit and gift card processing, identity theft protection and converted to Fifth Third’s platform in July.
“These banks are members of the Independent Bankers of Colorado, an organization that has recommended Fifth Third’s processing tools and services to its over 101 member banks since 2000,” said Angela L. Brown, senior vice president and general manager of Financial Institution Services, Fifth Third Processing Solutions. ”We appreciate our preferred vendor relationship with IBC and are excited to extend our support to these three banks.”
Brown adds that by signing with Fifth Third, the Bank of Denver, First National Bank of Hugo-Limon and Canon National Bank can leverage their relationship with the Independent Bankers of Colorado to join the Surcharge Free ATM Network – allowing their customers to use nearly 80 ATMs free of charge across the state of Colorado.
“IBC has enjoyed a successful partnership with Fifth Third Processing Solutions,” said Barbara Walker, executive director, IBC. “We feel Fifth Third provides the technology, tools, services and innovative collaborations – such as the Surcharge Free ATM Network – our community banks need to compete with large national banks.”
Fifth Third Processing Solutions processes over 21 billion ATM and POS transactions per year for more than 2,400 financial institutions and over 146,400 retail locations worldwide, including the Armed Forces Financial Network (AFFN), First Niagara Financial Group, Sovereign Bank, The Kroger Co., AutoZone, Abercrombie & Fitch, Nordstrom, Inc. and The Finish Line. Annually, Fifth Third processes $148.1 billion in credit card sales. According to The Nilson Report (March 2007), Fifth Third Bank is the fourth largest bankcard acquirer.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $101 billion in assets, operates 18 affiliates with 1,167 full-service Banking Centers, including 106 Bank Mart® locations open seven days a week inside select grocery stores and 2,132 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2007, has $232 billion in assets under care, of which it managed $34 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 through the NASDAQ® National Global Select Market System under the symbol “FITB.”