Fifth Third Bank Names New Presidents forWestern Michigan and Central Florida Affiliates
Terry Zink, executive vice president and head of Retail and Affiliate Banking for Fifth Third Bank today named new presidents for the Bank’s Western Michigan and Central Florida affiliates.
Effective Monday, January 5, John Bultema, who currently serves as president and CEO of Fifth Third Bank (Central Florida) will become president of the Bank’s Western Michigan affiliate, headquartered in Grand Rapids. He will report to Regional President Michelle Van Dyke. This move will allow Van Dyke, current president of the Western Michigan affiliate, to concentrate on providing additional support to the three Michigan affiliates she oversees as regional president.
Bultema moved from Grand Rapids to Orlando in February 2006 to assume the role of affiliate president. Prior to that, Bultema was executive vice president and head of retail banking for Fifth Third Bank (Western Michigan.) He joined Fifth Third in 1995 and previously served as senior vice president of Business Banking for Fifth Third Bank (Chicago.)
“John has provided great leadership and direction to our team in Central Florida and I have every confidence that he will do the same when he returns to Grand Rapids,” said Zink.
“I appreciate that the Bank is providing me the opportunity to lead the second largest affiliate in the Company,” said Bultema. I’m anxious to get back to Grand Rapids and work hard to move Western Michigan forward.”
Zink also announced that Karen Lovaglio Dee will replace Bultema as president and CEO of Fifth Third Bank (Central Florida), also effective January 5.
Dee, who joined Fifth Third in October 2006, currently serves as senior vice president and head of Retail Banking for the Company. Prior to joining Fifth Third, she served as senior vice president and regional managing director for Wachovia Wealth Management for Central, North and Southwest Florida, and before that she was president of the Greater Tampa Bay region of Wachovia Bank, N.A.
“Karen understands the Florida market and has a great deal of experience addressing the needs and concerns of Central Florida customers,” said Zink. “I think Karen and Central Florida are a perfect match.”
“While it’s exciting to get back to Florida where I have deep business relationships, it also will be nice to be near to immediate family and friends who live in the Orlando area,” said Dee. Dee added that one of her daughters is currently a senior at the University of Central Florida and the other daughter will be an incoming freshman at the University in 2009.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $116 billion in assets, operates 18 affiliates with 1,309 full-service Banking Centers, including 93 Bank Mart® locations open seven days a week inside select grocery stores and 2,337 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. 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 September 30, 2008, has $196 billion in assets under care, of which it managed $30 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(R) National Global Select Market under the symbol "FITB."