Fifth Third Bank

Banks beckon wary millennials

August 2, 2014
Chris O'Malley
Institutions have uphill climb to build trust with generation scarred by financial crisis.
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High court sides with Fifth Third employees in dispute

June 26, 2014
Associated Press
The U.S. Supreme Court on Wednesday sided with bank employees in a lawsuit against Fifth Third Bancorp that accused management of irresponsibly investing employee retirement money in the bank's then-failing stock.
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Regions revamps Indiana territory as regional banks reshuffle

April 7, 2014
 IBJ Staff
A second regional bank in the metro area in as many months has announced a change in its state leaders and area boundaries.
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Bank files to foreclose on Garcia Construction property

March 27, 2014
Scott Olson
Fifth Third Bank claims that the company operated by Charles Garcia, a former Indianapolis Chamber of Commerce chairman, owes it about $2.3 million for loans on Garcia Construction's building at 6002 N. Michigan Road, and on personal property.
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Fifth Third combines Indiana banking regions

March 26, 2014
 IBJ Staff
Fifth Third Bancorp has combined its Central Indiana and Southern Indiana units into a single affiliate. Nancy Huber, CEO of the company's Central Indiana region since 2009, will retire May 15.
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First Financial changes local leadership as it expands

February 21, 2014
Chris O'Malley
A former Old National executive is taking the reins in the Indianapolis market, and the Cincinnati-based bank's state operations chief has moved to Carmel to get a better on-the-ground perspective of the growth market.
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Savings account rates in Indiana among lowest in nation

February 12, 2014
Chris O'Malley
The study by GoBankingRates.com finds that the average return on savings at Indiana banks is 0.056 percent. However, the average for Indianapolis-area banks was considerably higher.
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Bank tells tardy borrowers to get job—­and offers to help

November 23, 2013
Chris O'Malley

What if a mortgage lender could help the unemployed/underemployed customer find a job and avoid the roughly $50,000 it can cost the institution to foreclose? Cincinnati-based Fifth Third Bank began trying that very approach in central Indiana a few months ago, in the form of a re-employment assistance program.

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Strategist: Get ready for steady economic growth

October 30, 2013
Norm Heikens
Forecast 2014 Watch
                           video iconBusinesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
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Regional bank Fifth Third sees 58-percent rise in profit

July 18, 2013
Associated Press
Cincinnati-based Fifth Third, which has more than 800 employees at roughly 45 branches in Indianapolis, on Thursday reported net income available to common shareholders of $594 million.
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Many banks still digging out from Great Recession traumaRestricted Content

October 13, 2012
The following statistics reflect performance of the 10 banks with the largest market shares in the Indianapolis Metropolitan Statistical Area.
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Banks' market rankings stable despite deposit shiftsRestricted Content

October 13, 2012
 IBJ Staff
BMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
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Economy might worsen before it improves muchRestricted Content

June 16, 2012
Norm Heikens
If it seems like the economy should be better by now, under normal circumstances it would. After all, the recession ended three years ago this month.
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Bank directors feeling greater scrutinyRestricted Content

October 15, 2011
Francesca Jarosz
Tough economy, regulations dampen interest in the positions.
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More banks processing transactions by dateRestricted Content

October 15, 2011
Scott Olson
Fifth Third among them, after being hit with class action over whether to pay customers' biggest bills first.
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Burn treatment inspires Fifth Third's $5M Wishard giftRestricted Content

October 1, 2011
Kathleen McLaughlin
Fifth Third Bank executive Kevin Hipskind's experience as a patient in the burn unit of Wishard Hospital played a role in a $5 million gift the Cincinnati-based bank is making for Wishard’s new Eskenazi Hospital, under construction at IUPUI.
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Former Fifth Third exec killed in Puerto Rico

June 16, 2011
Maurice Spagnoletti, a former president and CEO of Cincinnati-based Fifth Third Bancorp's central Indiana operations, was gunned down on Wednesday. He had been an executive of Doral Bank in Puerto Rico for about six months.
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Regional banks targeting midsize companies in IndianaRestricted Content

May 21, 2011
Scott Olson
Improved economy, loosening credit standards are driving increased lending.
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Local banks see small-business lending surging

April 4, 2011
J.K. Wall
Chase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year. They forecast similar growth this year.
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Foreclosure washes away water park plans in Fishers

November 24, 2010
Scott Olson
Developer Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
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Banks still cautious on commercial real estateRestricted Content

August 28, 2010
Scott Olson
Singed by the downturn, banks are winnowing real estate portfolios.
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Bank buys part of property targeted for Fishers water park

December 24, 2009
Scott Olson
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank that foreclosed upon it.
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Huntington National Bank's assets fell because partnership ended

November 7, 2009
 IBJ Staff
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains why.
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Economic turmoil hasn't shaken up local banks' market sharesRestricted Content

October 31, 2009
Peter Schnitzler
One of the toughest runs for the finance industry since the Great Depression didn’t lead to a major shakeup in Indianapolis’ banking landscape. Substitute PNC’s brand for National City’s, and the top eight positions remain unchanged.
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Second developer facing foreclosure on Fishers property

October 20, 2009
Scott Olson
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical to the project's development has been scheduled for liquidation by a lender.
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