TITLE

Fifth Third Centralizing Wholesale Operation

AUTHOR(S)
Bergquist, Erick
PUB. DATE
February 2006
SOURCE
American Banker;2/13/2006, Vol. 171 Issue 29, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that though Fifth Third Bancorp has long touted its decentralized structure as a strength in retail banking, it has moved in the opposite direction to get bigger in wholesale mortgage lending. In September the Cincinnati company hired Bob Lewis as a senior vice president to create a single wholesale channel and expand its wholesale business. Previously, Fifth Third did its wholesale mortgage business through its 19 regional banking units.
ACCESSION #
19787616

 

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