Fifth Third Bank’s Chief Investment Strategist Jeff Korzenik told an Indianapolis audience Wednesday that the workforce crunch and sudden glut in downtown office space remain vexing problems, but Indiana is in solid position to take advantage of the return of manufacturing from overseas.
Most of of the funding will will go to improve mortgage access, capital access for small businesses and other education resources in the northeast-side neighborhood.
Jeff Korzenik, chief investment strategist at Fifth Third Bank, said Thursday that homeowners and businesses have become more interested in locating in suburbs and mid-sized cities—a trend that could benefit the Indianapolis area.
Kevin Hipskind, Fifth Third’s Indianapolis-based market president since 2018, has been promoted. His successor comes from Louisville, where he has been market president since 2015.
Chase has temporarily closed a few of its local branches, while many others are moving to appointment-only service and drive-through service in response to the outbreak.
Fifth Third said it had already investigated the allegations and called the fraudulently opened accounts “a limited and historical event.”
Jeff Korzenik, chief investment officer for Fifth Third Bank, told the audience at IBJ’s 2020 Economic Forecast that employers need to investigate nontraditional sources of workers to offset the weak labor market.
Cummins isn’t alone in its neighborhood approach. Multiple Indianapolis companies are choosing to focus their philanthropy on a particular neighborhood as a way to make a greater impact.
Federal authorities announced Wednesday that they have solved the high-profile orchestrated killing of a former Indiana banking executive who was shot to death more than seven years ago while driving home from work.
Fifth Third is paying a premium to gain a bigger foothold in the Chicago market, where MB Financial is among the middle-market banking leaders with 86 retail bank branches.
Steve Alonso, the bank’s Indiana regional president, will take on a national-level position effective Jan. 1. Kevin Hispkind will be promoted to fill Alonso’s old job.
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
The FBI on Tuesday offered a $20,000 reward for information that could help solve the 2011 killing of a U.S. banking executive who spent a significant part of his career in Indianapolis.
Fifth Third Bancorp said it plans to close or consolidate about 100 branches and has abandoned plans for 30 new ones. The company has more than 40 branches in the Indianapolis area.
As of June 30, First Merchants Bank had amassed $958 million in deposits at 27 Indianapolis-area offices, placing it 10th, Federal Deposit Insurance Corp. data shows.