Fifth Third Completes Acquisition of Epic Insurance Solutions, Integrity HR
02 November 2017 - 12:05AM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) today announced it has closed
on the acquisition of Epic Insurance Solutions Agency LLC, and
Integrity HR.
“Adding the Epic Insurance and Integrity HR teams to Fifth Third
is a meaningful step in strengthening our insurance capabilities
for clients,” said Mike Michael, executive vice president and head
of Wealth and Asset Management for Fifth Third. “This acquisition
enables us to also enter into the employee benefits and human
resources consulting business, where we see an opportunity to grow
and bring tremendous value to our Business, Commercial, and Wealth
and Asset Management clients throughout our footprint.”
Don Thompson along with the other principals of Epic Insurance
Solutions, Jason Rankin and John Neace will continue to lead the
insurance organization and Amy Letke will lead the HR Consulting
practice for the combined firms. The firm’s employees and offices
will remain in Kentucky and Indiana.
Epic Insurance Solutions was founded in 2013. Its primary
service areas include commercial and personal property insurance,
and casualty and employee benefits services. Integrity HR was
founded in 2007. Its primary services include human resources
outsourcing, recruiting, training, human resources policies and
procedures, and other human resources-related services.
This announcement builds upon Fifth Third’s recent acquisitions
of R.G. McGraw Insurance Agency and The Retirement Corporation of
America. Fifth Third is making substantial investments in
value-added products and services to help clients with their most
pressing financial and risk management challenges. This focus
supports the Company’s NorthStar strategy, a three-year plan
designed to deliver strong, consistent returns through economic
cycles.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of Sept. 30, 2017, the
Company had $142 billion in assets and operated 1,155 full-service
Banking Centers and 2,465 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. In total, Fifth Third provides its customers with
access to more than 45,000 fee-free ATMs across the United States.
Fifth Third operates four main businesses: Commercial Banking,
Branch Banking, Consumer Lending and Wealth & Asset Management.
Fifth Third also has an 8.6 percent interest in Vantiv Holding,
LLC. Fifth Third is among the largest money managers in the Midwest
and, as of Sept. 30, 2017, had $348 billion in assets under care,
of which it managed $36 billion for individuals, corporations and
not-for-profit organizations through its Trust and Registered
Investment Advisory businesses. 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, Equal
Housing Lender
Fifth Third Bancorp provides access to investments and
investment services through various subsidiaries. Investments and
Investment Services:
Are Not FDIC Insured
Offer No Bank Guarantee May Lose Value Are Not Insured By
Any Federal Government Agency Are Not A Deposit
Copyright © 2017. Fifth Third Bank, Member FDIC, Equal Housing
Lender, All Rights Reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171101006007/en/
Fifth Third BancorpSean Parker,
513-534-NEWSSean.parker2@53.com
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