Fifth Third Bank Opens Central Valley Commercial Banking Office
13 June 2024 - 10:00PM
Business Wire
Fifth Third has announced the opening of its sixth commercial
banking office in California with a new location in Bakersfield.
The expansion exemplifies the Bank's continued investment in the
California market. Located in the Central Valley, the office covers
Fresno, Kern, Kings, Madera, Mariposa, Merced and Tulare counties
and is staffed by a locally based team with a longstanding history
with the region.
Part of the California community since 2012, Fifth Third opened
four offices over a three-year time span: Orange County in 2018,
Los Angeles and Inland Empire in 2019 and San Francisco in 2020. In
2023, the Bank opened its fifth commercial banking office in
California with a new location in San Diego. The Central Valley
office continues Fifth Third’s expanding footprint and commitment
in California.
“After successfully launching our Southern California commercial
presence, we have secured a team of bankers who have decades of
local experience in the Central Valley,” said Joe Yurosek, western
markets regional president. “We know that relationships matter, so
we find the best local talent to expand into new geographies.”
Fifth Third’s Bakersfield office is currently managed by a team
of three with a combined 71 years of commercial banking
experience.
Geraud Smith joins the Bank as a Senior Commercial Banker and
Central Valley Market Executive. Smith was President and CEO of the
recently combined Valley Republic and Tri Counties Banks, and prior
to this, he spent more than 20 years with Wells Fargo, most
recently as their Central Valley regional leader.
Don Unruh, senior vice president and commercial relationship
manager, has worked in Bakersfield for more than 20 years. He most
recently worked at BMO in Bakersfield as a Managing Director with a
focus on the food and agribusiness practice. Prior to BMO, Unruh
spent 12 years with Wells Fargo in the Central Valley, including
seven in a leadership role.
Sarah Watkins, senior vice president and commercial relationship
manager, is a California native and has been working in Bakersfield
for more than a decade. Watkins comes from US Bank where she
covered middle market C&I along with a specialty in middle
market agriculture services. Prior to this, Watkins worked at the
combined Tri Counties/Valley Republic Bank and Wells Fargo in the
Central Valley.
“With our 165 years of serving middle market companies, our new
team will provide credit, deposit products, treasury management,
asset-based lending, business credit and equipment financing,”
added Yurosek.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240613348747/en/
Adrienne Gutbier (Media Relations) adrienne.gutbier@53.com |
513-534-8038 Matt Curoe (Investor Relations) matt.curoe@53.com |
513-534-2345
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