St. Louis Bank President and CEO to Lead Western Michigan Affiliate
Grand Rapids – Michelle VanDyke, regional president of Fifth Third Bank, today announced that long-time St. Louis affiliate president Thomas Welch has been named president and CEO of Fifth Third Bank (Western Michigan), effective immediately.
Welch replaces Mary Tuuk, who was promoted to Board secretary and Executive Vice President, Corporate Services for Fifth Third Bancorp.
Welch has served as president and CEO of the St. Louis affiliate since 2006, and has held roles of increasing responsibility over his 20-year career with the Bank. In seven years, under Welch's leadership, the St. Louis affiliate has grown substantially and opened 17 new banking centers.
"It is exciting that Tom has agreed to take on this new challenge, leading one of the Bank's largest markets. He will bring his expertise and leadership to this new role for the benefit of both the Bank and the community," said VanDyke.
Welch added, "I am thrilled with the opportunity to join the Western Michigan team, and have long been impressed with their commitment to all the communities they serve. I am looking forward to making a difference here, continuing the momentum established by Mary."
Welch has been extremely active in civic affairs and intends to continue that in his new role. Currently, he serves on the board of governors for the Cardinal Glennon Children's Foundation, supporting a nationally-recognized children's hospital. He is also on the board of the St. Louis Zoo, the Greater St. Louis Area Council for Boy Scouts of America, and several other organizations. Welch holds a Bachelor of Arts degree in Economics from Northwestern University.
He will be relocating to Grand Rapids with his family.
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 .