Fifth Third Private Bank's New Delaware Trust Administrative Office Highlights Wealth Planning Expertise, Meets Complex Client Needs
25 February 2025 - 12:00AM
Business Wire
Service leverages Delaware's unique trust
laws, provides clients with tailored solutions
Fifth Third Private Bank, a division of Fifth Third Bank
(NASDAQ: FITB), is pleased to announce the addition of its new
Trust Administrative Office in Wilmington, Delaware. This strategic
expansion provides clients with the exceptional benefits of
Delaware’s unique trust laws, including income and estate tax
advantages, enhanced privacy and dynasty trust capabilities.
“Our clients have complex needs, from philanthropy to business
transitions and wealth protection,” said Kris Garrett, group
regional president and head of wealth and asset management at Fifth
Third Bank. “Our expertise and dedication to innovative trust and
estate solutions provide the flexibility, protection, and
personalized services our clients rely on.”
Fifth Third Private Bank’s new offering underscores the Private
Bank’s commitment to wealth planning capabilities and its expertise
that addresses the sophisticated needs of high-net-worth
individuals and families.
“We’re committed to understanding our clients’ aspirations,
values and priorities. By taking advantage of Delaware’s strong
fiduciary statutes, we help protect and grow wealth for future
generations,” Garrett added. “Helping clients achieve their goals
and offering tailored solutions such as our family wealth services
demonstrates our customized approach to wealth management.”
Earlier this year, Fifth Third Private Bank was named as a Best
Private Bank (US, Regional) for the sixth consecutive year. In
addition, the Private Bank was named Best Private Bank for
Entrepreneurs (Globally) for the second year. The honors were
announced by Global Finance for the 2025 World’s Best Private Bank
Awards.
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/20250224434427/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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