Fifth Third Bank announced today that it has extended more than $9.3
billion in new and renewed credit to business customers from July
through September 2013. During the first nine months of 2013, Fifth
Third Bank lent more than $28.4 billion to businesses throughout its
footprint.
Companies who have received loans from Fifth Third Bank during this time
period include:
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The Salvation Army in Greater Cincinnati, serving those in need
in Cincinnati and Northern Kentucky since 1885. The organization
secured construction loan financing for a 96-unit affordable senior
housing project located in Cincinnati.
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Koerner Distributor, Inc., a wholesaler of beer, wine, spirits
and non-alcoholic beverages headquartered in Effingham, IL. The
company received a term loan, a revolving line of credit, 401(k)
retirement services, and a treasury management program from Fifth
Third to help meet its strategic business goals.
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Traditions Senior Management, a Clearwater, Fla.-based owner
and operator of skilled nursing facilities throughout the United
States. The company secured a loan and a treasury management program
to improve access to working capital for operation of its facilities.
“Fifth Third is focused on helping businesses grow and create jobs in
our local communities. We actively listen to our customers to understand
their goals and provide the right financing solutions to help them
succeed,” said Greg Kosch, executive vice president and head of
Commercial Banking for Fifth Third Bank.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $126 billion in
assets and operates 18 affiliates with 1,326 full-service Banking
Centers, including 104 Bank Mart® locations open seven days a week
inside select grocery stores and 2,374 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 25% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in the
Midwest and, as of September 30, 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® Select Market under
the symbol “FITB.” Fifth Third Bank was established in 1858. Member
FDIC. Equal Housing Lender.
Copyright Business Wire 2013