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 appointed Jamie Leonard to the role of CFO, effective immediately. The company also appointed Bob Shaffer chief risk officer to succeed Leonard, and Peg Jula chief human resources officer, succeeding Shaffer.
According to an 8K filed with the SEC, Bank of Montreal, Fifth Third and Regions Bank agented an additional $41.9 million of capacity on Blue Bird’s revolving credit facility, bringing the total commitments to $141.9 million.
Fifth Third Bank is partnering with Fundation to launch Fifth Third Fast Capital to make it easier for small business owners to apply for loans and lines of credit.
Fifth Third Bancorp has received all necessary regulatory approvals for completion of its acquisition of MB Financial as stipulated in the companies’ merger agreement from May 20, 2018.
Fifth Third and MB Financial signed a definitive merger agreement under which MB will merge with Fifth Third in a transaction valued at approximately $4.7 billion.
Fossil Group and Fossil Group Europe amended their credit facility with Wells Fargo as administrative agent to include a $325 million revolving credit facility and a $425 million term loan.
Fifth Third has hired Jed Scala as executive vice president and head of Payments and Commerce Solutions, reporting to Tim Spence.
Aaron’s, a lease to own company, amended its credit facility with SunTrust Bank as administrative agent, increasing the revolving credit facility to $400 and adding a new $100 term loan.
A subsidiary of Textainer Group refinanced its credit agreement to extend its term loan and lower the rate on its warehouse facility. PNC, Fifth Third and Everbank Commercial Finance have joined the syndicate of lenders.