Company Profile
Fifth Third Bancorp is the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.
Its business is organized into three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services.
Its portfolio also includes lending and depository products, and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.
The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses. Its portfolio also includes home equity loans and lines of credit, credit cards, and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities.
Its portfolio also includes indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers, and home improvement and solar energy installation loans through contractors and installers.
The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services