Other News Releases in Banking & Financial Services
Teens and Children Fight Poverty by Setting Up Savings Clubs
Maryland Transit Selects March Networks Mobile Video Solution as Key Element of Metropolitan Surveillance System
Survey: CFOs List Average Tenure at 12 Years, Up From Eight Years a Decade Ago
Other News Releases in Personnel Announcements
DataCare Names Mat Malone Director of Engineering
Dr. Paul Pui-Hay But, Ph.D. Joins Bionovo, Inc. Scientific Advisory Board
Madison Williams Announces Expansion of Institutional Equity Sales and Trading Team
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
See more news releases in: Banking & Financial Services, Personnel Announcements
Director Barrett Resigns From Fifth Third Bancorp Board
Served as Director for 21 years
CINCINNATI, July 31 /PRNewswire-FirstCall/ -- Kevin T. Kabat, chairman, president and CEO of Fifth Third Bancorp (Nasdaq: FITB), today announced that John F. Barrett has resigned from the Bancorp board of directors effective immediately. Mr. Barrett has served as a member of the board of directors for more than two decades.
Mr. Barrett, who currently serves as chairman, president and CEO of Western & Southern Financial Group, chaired the Bancorp's Risk and Compliance Committee and also was a member of the Audit Committee.
"John has served as a member of our board for more than 20 years," said Kabat. "During that time he helped lead the Bank through a period of tremendous growth and success. More recently John has provided guidance to the Company's leadership team during one of the most challenging times in the banking industry. I personally wish to thank him for his service and dedication to Fifth Third Bank."
Kabat added that the Bank would immediately begin a search for a new director to replace the departing Mr. Barrett.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $116 billion in assets, operates 16 affiliates with 1,320 full-service Banking Centers, including 99 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,353 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 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2009, had $166 billion in assets under care, of which it managed $23 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(R) National Global Select Market under the symbol "FITB."
SOURCE Fifth Third Bancorp
RELATED LINKS
http://www.53.com