Search results
Results from the WOW.Com Content Network
Fifth Third Bank (5/3 Bank), the principal subsidiary of Fifth Third Bancorp, is a bank holding company headquartered in Cincinnati, Ohio. Fifth Third operates 1,100 branches and 2,400 automated teller machines , [ 3 ] which are in 11 states: Ohio , Florida , Georgia , Illinois , Indiana , Kentucky , Michigan , North Carolina , South Carolina ...
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
Fifth Third Bank. Member FDIC. Fifth Third Bancorp Debra DeCourcy, APR, 513-534-4153 (media) or Jim Eglseder, 513-534-8424 (analysts) KEYWORDS: United States North America Ohio.
Fifth Third Bank said on July 9, 2024, that the bank has agreed to pay a $15 million fine for sales practices and a $5 million fine for auto finance servicing activities.
MB Financial was a financial institution headquartered in Chicago, Illinois until its purchase by Fifth Third Bank in 2018, [3] which was then completed the following year. [4] The bank previously sponsored Bike the Drive from 2010 through 2018, at which point Fifth Third took over the sponsorship upon the purchase's completion.
Fifth Third Bank offers promotional CD rates ranging from 0.00% APY to 3.50% APY for terms of four to 24 months. Fifth Third Bank's standard CDs of all term lengths offer 0.01% APY.
In March 2009, Advent announced the acquisition of a controlling interest in Fifth Third Processing Solutions, the payment processing business of Fifth Third Bank in a $2.35 billion transaction. The transaction represented one of the largest private equity transactions completed in 2009, amidst the Financial crisis of 2007–2010 . [ 19 ]