Shawn Hagan Promoted to President and CEO
St. Louis – Michelle VanDyke, regional president of Fifth Third Bank, today announced that Commercial banking executive Shawn Hagan has been named president and CEO of Fifth Third Bank (St. Louis), effective immediately.
Hagan replaces Thomas Welch, who was promoted and will become president and CEO of Fifth Third Bank (Western Michigan), one of the Bank's largest affiliates. Welch had led the St. Louis affiliate for seven years.
Hagan has more than 19 years of industry experience and was both the first employee of Fifth Third in St. Louis, and the first Commercial relationship manager when the loan production office first opened in 2002. In 2006, Hagan was promoted into the role of senior commercial banker and has since led the growth of the Commercial team. He has been honored several times at the highest level in the Bank's formal sales recognition program.
"We are fortunate that in Shawn we have a highly capable and well-seasoned executive who is prepared to lead our St. Louis affiliate bank. He has demonstrated deep knowledge and understanding of the market and is a great team-builder," said VanDyke. She added, "We expect a very smooth transition."
Hagan said, "This is a terrific opportunity to further build on the successes and track record of the last eleven years. It is extremely gratifying to have the opportunity to lead this organization, having been here from the very start."
Hagan is well-known in the community and is actively engaged on the executive board for the Missouri chapter of the Make-A-Wish Foundation, where he heads the finance committee. He also serves on the corporate council of the Missouri Botanical Gardens. He received a Bachelor of Science degree in Finance from Indiana University and has been honored with the St. Louis Business Journal's "40 under 40" distinction.
In addition to this change, it was announced that Gregory Dryden, the commercial sales manager, was promoted to senior commercial banker, replacing Hagan. Dryden has been with the St. Louis affiliate for two years and has 30 years of banking experience. Dryden has a Bachelor of Science degree in Finance from Auburn University and an MBA from Washington University. He serves on the Board of Directors for The Repertory Theatre of St. Louis.
About Fifth Third:
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $121 billion in assets and operates 18 affiliates with 1,325 full-service Banking Centers, including 104 Bank Mart® locations open seven days a week inside select grocery stores and 2,440 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 28% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2013, had $318 billion in assets under care, of which it managed $27 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® National Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Member FDIC. Equal Housing Lender .