Fifth Third Bank Extends More Than $8.6 Billion in Credit to Business Customers

2/06/2015

Cincinnati– Fifth Third Bank announced today that it has extended more than $8.6 billion in new and renewed credit to business customers from October through December 2014. Fifth Third Bank loaned more than $31 billion to businesses throughout its footprint in 2014.

Companies that received loans from Fifth Third Bank during this time period include:

  • Bluegreen Corporation is a vacation ownership company based in Boca Raton, Florida that employs more than 4,500 people. The Bluegreen Vacation Club has more than 180,000 owners with over 60 owned or managed resorts. Bluegreen Corporation secured a syndicated credit facility to enhance working capital.
  • Certified Finishes, Inc. is a commercial flooring and installation firm headquartered in Atlanta, Georgia. Certified Finishes secured a loan that will be used to grow their business by hiring additional employees and acquiring a 52,000 sq. ft. commercial building.
  • Spectra-Tech Manufacturing is an electronics manufacturer and provider of printed circuit board assemblies. Spectra-Tech offers a wide range of services and advanced capabilities from prototypes to low or high volume production of electronic assemblies. Headquartered in Batavia, Ohio, Spectra-Tech Manufacturing secured a construction loan to expand their manufacturing facility and purchase new equipment.

"Fifth Third has a strong history of lending to qualified borrowers and providing comprehensive solutions to meet the needs of our clients,” said Greg Kosch, executive vice president and head of the Wholesale Bank for Fifth Third. “At Fifth Third Bank, we are helping businesses expand, hire new employees and better serve the people of their communities."

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of December 31, 2014, the Company had $139 billion in assets and operated 15 affiliates with 1,302 full-service Banking Centers, including 101 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,638 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 22.8% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2014, had $308 billion in assets under care, of which it managed $27 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® Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. FDIC, Equal Housing Lender Equal Housing Lender.