Howard McClure to Head Insurance Operations
21 January 2016 - 2:34AM
Business Wire
30-year Veteran will assess strategic
opportunities
Fifth Third Bancorp (NASDAQ: FITB) today announced that Howard
McClure, a 30- year veteran of the insurance industry, has joined
the organization as senior vice president and head of insurance
services. He will report directly to Lars Anderson, chief operating
officer.
“I have long admired Howard’s accomplishments in the insurance
industry and am looking forward to working with him on a day-to-day
basis,” said Anderson.
“Howard McClure is the perfect individual to help Fifth Third
evaluate and launch strategic initiatives to further grow our
insurance presence,” added President and CEO Greg D. Carmichael.
“We are excited to have such a seasoned professional join us to
lead this initiative.”
McClure previously served as president of Palmer & Cay of
Texas, and prior to that he led Wells Fargo’s Southwest region and
headed a major part of Wachovia’s insurance business. He also
worked at Chubb Insurance’s Financial Institutions group, with
responsibility for the Pacific and Asia regions.
McClure has a bachelor’s degree in business from Colorado
College and serves on the board of the Insurance Industry
Charitable Foundation.
At Fifth Third, he will be responsible for developing and
leading an enhanced, holistic insurance strategy, including
evaluating alternatives to expand the Bank’s insurance offerings,
and employee benefits for the consumer and commercial lines of
business.
McClure said, “I am pleased to join the Fifth Third team.
Insurance represents a key component of the financial foundation
for every business and family. As a customer-centered bank, Fifth
Third is looking to create economic security and a strong future
for our clients.”
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $142 billion in
assets and operates 1,295 full-service Banking Centers, including
99 Bank Mart® locations, most open seven days a week, inside select
grocery stores and 2,650 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Pennsylvania,
Missouri, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Investment Advisors. Fifth Third is among the largest
money managers in the Midwest and, as of September 30, 2015, had
$297 billion in assets under care, of which it managed $25 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160120006047/en/
Fifth Third BancorpLarry Magnesen, 513-534-8055
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Apr 2024 to May 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From May 2023 to May 2024