Английская Википедия:Fifth Third Bank

Содержание

Текст

Текст

Текст

Текст

Текст

Текст

Текст

Текст

Текст

Файл:Fairborn Fifth Third Bank.jpg

Fifth Third Bank branch located in Fairborn, Ohio

Fifth Third Bank (5/3 Bank), the principal subsidiary of Fifth Third Bancorp, is an American bank holding company headquartered in Cincinnati, Ohio. Fifth Third is one of the largest consumer banks in the Midwestern United States.

Fifth Third's client base spans retail, small business, corporate, and investment clients. Fifth Third operates 1,100 branches and 2,400 automated teller machines, which are in 11 states: Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, South Carolina, Tennessee, and West Virginia.

The name "Fifth Third" is derived from the names of the bank's two predecessor companies, Third National Bank and Fifth National Bank, which merged in 1909.

The company is ranked 411th on the Fortune 500. Fifth Third Bank is one of the largest banks in the United States.

History

Bank of the Ohio Valley

On June 17, 1858, the Bank of the Ohio Valley opened in Cincinnati, Ohio. On June 23, 1863, the Third National Bank was organized. On April 29, 1871, Third National Bank came into possession of Bank of the Ohio Valley, and by 1882 the bank's capital was around $16 million, considered the state's largest bank capital at the time. In 1888, Queen City National Bank changed its name to Fifth National Bank.

Merger of Third National Bank and Fifth National Bank

On June 1, 1908, Third National Bank and Fifth National Bank merged to become the FifthШаблон:En dashThird National Bank of Cincinnati; the hyphen was later dropped. The merger took place when prohibitionist ideas were gaining popularity, and it is a legend that "Fifth Third" was better than "Third Fifth", which could have been construed as a reference to three fifths of alcohol. The name went through several changes until March 24, 1969, when it was changed to Fifth Third Bank.

Current day operations

In November 2008, the United States Department of the Treasury invested $3.4 billion in the company as part of the Troubled Asset Relief Program and in February 2011, the company repurchased the investment from the Treasury.

During the 2009 recession, Fifth Third was forced to [[Corporate spin-off|spinШаблон:En dashoff]] its processing arm, Fifth Third Processing Services. The new company was named Vantiv.

In May 2018, Fifth Third expanded their footprint in the greaterШаблон:En dashChicago area by purchasing MB Financial's $29 billion in deposits and 120 branches for $4.7 Billion USD.

For 2020, Fifth Third originated nearly 56,000 mortgages with a value of $10.6 billion ($Шаблон:Format price in Шаблон:Inflation/year). In August 2020, the bank signed a partnership with Trust & Will.

In January 2022, Fifth Third announced it had acquired the San FranciscoШаблон:En dashbased residential solar power lender, Dividend Finance.

Lawsuits

In December 2016, small business owners sued Fifth Third, along with Vantiv and National Processing Company, for violating telemarketing laws. On August 4, 2022, a $50 million settlement was finalized.

On March 9, 2020, the Consumer Financial Protection Bureau (CFPB) charged Fifth Third with illegal crossШаблон:En dashselling. The complaint was amended on June 16, 2021 and is currently pending litigation. As a result of the CFPB's charge, a class action suit was filed on behalf of former MB Financial shareholders, alleging that the crossШаблон:En dashselling strategy artificially inflated Fifth Third's stock price and thus MB Financial's shareholders were not honestly compensated when the purchase occurred. Fifth Third filed a motion to dismiss on October 13, 2020, which was denied March 19, 2021. The case was settled on September 14, 2023, with Fifth Third paying former MB Financial shareholders $5.5 million.

In September 2015, the US Department of Justice and the Consumer Financial Protection Bureau announced an $18 million settlement to resolve allegations that Fifth Third Bank engaged in a pattern or practice of discrimination against AfricanШаблон:En dashAmerican and Hispanic borrowers in its indirect auto lending business.

On April 27, 2023, a jury sided with Fifth Third in a lawsuit filed by customers of its Early Access loan program. The program charged a 10% flat fee. While Fifth Third listed an APR estimate of 120%, the actual APR would be higher if the loan was paid off early due to the fee structure. While the jury agreed Fifth Third breached its loan agreement, it also agreed that customers were fully aware of the fee and thus were not awarded any damages.

Notable corporate buildings

• Fifth Third Center in Grand Rapids, Michigan
• Fifth Third Center in Charlotte, North Carolina
• Fifth Third Center in Cincinnati, Ohio
• Fifth Third Center in Cleveland, Ohio
• Fifth Third Center in Columbus, Ohio
• Fifth Third Center at One SeaGate in Toledo, Ohio
• Fifth Third Center in Dayton, Ohio
• Fifth Third Center in Nashville, Tennessee
• Fifth Third Center in Tampa, Florida

Naming rights and sponsorships

Шаблон:Div col Fifth Third owns corporate naming rights to the following:

• Fifth Third Field, an ballpark in Toledo, Ohio, home of the Toledo Mud Hens, the Triple-A minor league baseball Affiliate of the Detroit Tigers.
• Fifth Third Arena, an indoor arena on the campus of the University of Cincinnati, home of the Cincinnati Bearcats Athletics.
• Fifth Third Arena, an indoor arena in Chicago, Illinois, practice facility and Community Ice Rink of the Chicago Blackhawks.
• Fifth Third Bank Stadium, an football stadium in Kennesaw, Georgia, home of the Kennesaw State Owls Athletics.
• Fifth Third Park, an underШаблон:En dashconstruction ballpark in Spartanburg, South Carolina, future home of the Down East Wood Ducks the Single-A minor league baseball Affiliate of the Texas Rangers.

Fifth Third Bank is a sponsor of the following:

• Cincinnati Bengals Шаблон:En dash Official Bank of the Cincinnati Bengals.
• Chicago Blackhawks Шаблон:En dash Official Partner of the Chicago Blackhawks.
• Tampa Bay Buccaneers Шаблон:En dash Official Bank of the Tampa Bay Buccaneers.
• Los Angeles Lakers Шаблон:En dash Official Partner of the Los Angeles Lakers.
• Kennesaw State University Шаблон:En dash Official Bank of the Kennesaw State Athletics.
• University of Cincinnati Шаблон:En dash Official Partner of the University of Cincinnati.
• University of Dayton Шаблон:En dash Official Bank of the University of Dayton.
• Toledo Mud Hens Шаблон:En dash Official Bank of the Toledo Mud Hens.
• Columbus Zoo Шаблон:En dash Official Bank of the Columbus Zoo.
• Gary SouthShore RailCats Шаблон:En dash Official Bank of the Gary SouthShore RailCats.
• RFK Racing Шаблон:En dash Primary Sponsor of the No. 17 Ford Mustang GT for Chris Buescher in the NASCAR Cup Series.
• Rahal Letterman Lanigan Racing Шаблон:En dash Official Sponsor of the No. 15 Honda for Graham Rahal in the NTT IndyCar Series.

See also

• Шаблон:Portal-inline

External links

• Шаблон:Official