Fifth Third Bancorp entered a definitive agreement to acquire Provide, a digital platform for healthcare practices. The transaction adds digital capabilities addressing the lending and banking needs of retail healthcare providers.
Fifth Third Bancorp completed its acquisition of MB Financial. Primary systems and client conversion is expected to occur in early May 2019.
According to an SEC filing, Mike Sharkey has been selected to head the combined national asset-based lending business following the merger of Fifth Third Bank and MB Financial .
Fifth Third Bancorp appointed Executive Vice President and CIO Jude Schramm to head of the information technology organization. He will report to Chairman, President and CEO Greg D. Carmichael.
Joshua Landau will lead Fifth Third’s newly expanded Financial Institutions Group as managing director and group head, reporting directly to Kevin Lavender, EVP and head of Corporate Banking.
Fifth Third Securities will acquire Coker Capital Advisors, an M&A advisory services firm focused on middle-market healthcare companies.
Fifth Third named Kevin Hipskind regional president responsible for Indiana and St. Louis. Hipskind will report to Steven Alonso, who moves from regional president to group regional president with responsibility for all of the bank’s regions.
Fifth Third expanded its commercial banking capabilities by hiring Joseph Yurosek as market president to serve California-based middle market companies.
Fifth Third Capital Holdings partnered with fintech venture capital firm QED Investors, which will advise Fifth Third on the continued development of its fintech strategy.