Fifth Third Bancorp made several changes to its executive leadership that will take effect on Jan. 2, 2024, including appointing Tim Spence chairman of the board, Jamie Leonard chief operating officer, Bryan Preston CFO and Brennen Willingham treasurer.
Last week, Fifth Third Bank hosted its sixth Supplier Diversity Summit, providing an opportunity for suppliers to explore best practices and connect with Fifth Third representatives and other corporate and community partners.
Fifth Third Bancorp closed its acquisition of Dividend Finance, a financial technology point-of-sale (POS) lender that provides financing solutions for residential renewable energy and sustainability-focused home improvement.
Tim Spence will succeed Greg Carmichael as CEO of Fifth Third Bank following Carmichael’s retirement, which will take effect on July 5. Following his retirement, Carmichael will become executive chairman for the bank.
Fifth Third Bank named Kala Gibson chief enterprise corporate responsibility officer and head of business banking. Fifth Third also promoted Stefanie Steward-Young to chief corporate social responsibility officer and Jada Grandy-Mock to chief corporate community and economic development officer.
Fifth Third has hired Jed Scala as executive vice president and head of Payments and Commerce Solutions, reporting to Tim Spence.
Fifth Third can now purchase loans originated through ApplePie Capital’s franchise loan marketplace and joined ApplePie Capital’s SBA lender network.