Fifth Third Bank Boosts Commercial Equipment Financing Support Across the Country

Fifth Third Bancorp (NASDAQ: FITB) has added three regional relationship managers to its growing Commercial Equipment Financing group, demonstrating an ongoing commitment to provide a variety of financing options for equipment, vehicles, facilities and more for commercial businesses.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170301005239/en/

Tom Partridge, president of Fifth Third Equipment Finance (Photo: Business Wire)

These three new hires build upon last year’s announcement that Fifth Third’s Commercial Equipment Financing Group is expanding its market presence, operating as four distinct regions: South, North Central, Midwest and East.

The new regional relationship managers are:

• Scott Jackson (Dallas, Texas) – Jackson will serve customers in the Texas and Oklahoma markets, reporting to Lance King, managing director of the South Region. Jackson brings more than 25 years of equipment finance experience to the Bank, most recently as managing director, GE Capital Commercial Finance. Scott can be reached by calling 972-543-1373 or via email scott.jackson@53.com.
• Larry Nogueira (Houston, Texas) – Nogueira will also report to Lance King and will serve customers in Texas and Louisiana. His 20 years of equipment finance experience includes his most recent role as specialty markets leader in the energy sector for Wells Fargo Equipment Finance. Larry can be reached by calling 713-470-9250 or via email larry.nogueira@53.com.
• John Turck (Buffalo, New York) – Turck was most recently the executive sales officer at Signature Financial. He will serve customers in the northeastern U.S. and report to Bob Davies, managing director, East Region. Turck brings over 20 years of equipment finance experience to the organization. John can be reached by calling 716-773-5060 or via email john.turck@53.com.

“The three regional relationship managers bring a combined 65 years of equipment finance experience to Fifth Third Bank,” said Tom Partridge, president of Fifth Third Equipment Finance. “Our current and prospective customers will benefit from their knowledge and experience in the industry when making important business decisions on purchases and financing.”

Fifth Third’s equipment financing solutions enable customers to reduce costs, preserve assets, improve cash flow and liquidity, expand budgets for capital and more. The team customizes solutions for each customer, offering traditional and non-traditional options for equipment, vehicles, facilities and other critical purchases for a business.

About Fifth Third Equipment Financing Group

Fifth Third’s Equipment Financing Group is the tenth largest bank finance or leasing company, according to equipment finance trade publication Monitor. The group had $7.1 billion assets as of December 31, 2016, an increase of seven percent from 2015.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of Dec. 31, 2016, the Company had $142 billion in assets and operates 1,191 full-service Banking Centers, including 94 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,495 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. As of Dec. 31, 2016, Fifth Third also had a 17.9 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of Dec. 31, 2016, had $315 billion in assets under care, of which it managed $31 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. Member FDIC, Equal Housing Lender.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170301005239/en/