FITB - Fifth Third Bancorp
Fifth Third Bancorp
38 Fountain Square Plaza
Cincinnati, OH 45263
United States
800 972 3030
https://www.53.com
Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 19,474
Key executives
| Name | Title | Pay | Exercised | Year born |
|---|---|---|---|---|
| Mr. Timothy N. Spence | CEO, Pres & Director | 2.7M | N/A | 1979 |
| Mr. James C. Leonard CPA | Exec. VP & CFO | 1.66M | N/A | 1970 |
| Mr. Robert P. Shaffer | Exec. VP & Chief Risk Officer | 1.4M | 631.58k | 1970 |
| Mr. Kevin Patrick Lavender | Exec. VP & Head of Commercial Banking | 1.22M | N/A | 1962 |
| Mr. Howard Hammond | Exec. VP & Head of Consumer Bank | 1.19M | N/A | 1966 |
| Mr. Mark D. Hazel | Exec. VP, Controller & Principal Accounting Officer | N/A | N/A | 1966 |
| Mr. Rob Schipper | Head of Investment Banking & MD | N/A | N/A | N/A |
| Mr. Jude A. Schramm | Exec. VP & Chief Information Officer | N/A | N/A | 1973 |
| Mr. Christopher Doll | Director of Investor Relations | N/A | N/A | N/A |
| Ms. Susan B. Zaunbrecher J.D. | Exec. VP & Chief legal Officer | N/A | N/A | 1960 |
Description
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The company's Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. Fifth Third Bancorp's Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
Corporate governance
Fifth Third Bancorp’s ISS governance QualityScore as of 1 June 2023 is 8. The pillar scores are Audit: 6; Board: 3; Shareholder rights: 10; Compensation: 3.
