Fifth Third Bancorp (FITB) Plans to Consolidate/Sell ~100 Branches

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Fifth Third Bancorp Announces Expected Changes to Branch Network

June 22, 2015 7:05 AM EDT

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (Nasdaq: FITB) today announced plans to pursue changes to its branch network as it works to improve efficiency, competitiveness and the quality of its customers experience.

Consumer demographics and our customers preferred channels of banking are undergoing significant changes, said Kevin T. Kabat, vice chairman and chief executive officer of Fifth Third Bancorp. Technology continues to impact our service delivery and revenue generation tactics and strategies. We have been very successful in growing our market share in our footprint as the most recent FDIC data clearly shows, and... More