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Former Fifth Third exec killed in Puerto Rico

IBJ Staff
June 16, 2011
Keywords
Banking & Finance, Crime, Fifth Third Bank
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Maurice Spagnoletti, a former president and CEO of Cincinnati-based Fifth Third Bancorp's central Indiana operations, was killed in Puerto Rico on Wednesday by a group of gunmen.

Spagnoletti, 56, led Fifth Third’s Indiana operations from 2001 to 2006. He had been an executive vice president of Puerto-Rico based Doral Bank for about six months, according to the Spanish language news website elnuevodia.com.

Police in Puerto Rico told the website that Spagnoletti was killed by professional hit men as he tried to walk away from his vehicle in downtown San Juan.

Local media reported that Spagnoletti may have collaborated on some sort of federal investigation, the website said.

Spagnoletti’s death was the 515th murder in Puerto Rico so far this year, putting the U.S. territory on pace to set a record, the website said. Fighting for control of drug outlets has led to much of the violence.

With about 500,000 customers in Puerto Rico, Doral Bank is one of the largest banks in the U.S. territory.

 


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  • Maurice Spagnoletti
    Ernie RenoJune 29, 2011 2:45 PM
    Maurice was a former client of mine at Fifth Third when I was the president of Avatar Communications Group. He was a fine gentleman and a man of his word. He will be missed. What a shame.
    Sincerely, Ernie Reno
    Reply to CommentFlag Comment

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