Fifth Third Bank Mergers and Acquisitions Summary

Financial ServicesCompany

Fifth Third Bank has acquired 35 companies, including 8 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

Fifth Third Bank’s largest acquisition to date was in 2001, when it acquired Old Kent Financial for $5.5B. Fifth Third Bank has acquired in 10 different US states. The Company’s most targeted sectors include financial services (89%) and insurance (6%).

Join Mergr and gain access to Fifth Third Bank’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity38
    • M&A Buy Activity35
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 7

Fifth Third Bank

Fifth Third Bancorp

Fifth Third Center 38 Fountain Square Plaza,
Cincinnati, Ohio 45263
United States,
(800) 972-3030
www.53.com

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 30 1 - - 3 1 35
vol $14.7B $4.7B $19.4B
Sell (0.2/yr) # 2 - - - - 1 3
  38

Most Recent M&A

Company Date Value Type
LaSalle Systems Leasing, Inc. 2022-03-09 - Divestiture
Rosemont, Illinois · www.lasallesolutions.com
Dividend Finance, Inc. 2022-01-19 - Add-on Acquisition
San Francisco, California · www.dividendfinance.com
Provide, Inc. 2021-07-06 - Add-on Acquisition
San Francisco, California · www.getprovide.com
First Independence Bank 2021-06-14 - Stake Purchase
Detroit, Michigan · www.firstindependence.com
Hammond Hanlon Camp LLC 2021-01-07 - Add-on Acquisition
San Diego, California · www.h2c.com
MB Financial, Inc. 2018-05-21 4.7B USD Merger
Chicago, Illinois · www.mbfinancial.com
Epic Insurance Solutions LLC 2017-09-15 - Add-on Acquisition
Louisville, Kentucky · www.epicinsurancesolutions.com
R.G. McGraw Insurance Agency, Inc. 2017-02-27 - Add-on Acquisition
Cincinnati, Ohio · www.rgmcgrawinsurance.com
The Retirement Corporation of America 2017-01-19 - Add-on Acquisition
Cincinnati, Ohio · www.rca-online.com
Worldpay, Inc. 2012-03-21 - IPO
Cincinnati, Ohio · www.worldpay.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 31 (89%) 19.4B (100%) 1 (33%) -
Insurance 2 (6%) - 1 (33%) -
Business Services 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Information Technology - - 1 (33%) -
Total 35 $19.4B 3 -

By Geo

State/Country Buy Value Sell Value
United States 35 19.4B 3 -
  Ohio 12 2.5B 1 -
  Kentucky 5 339M - -
  Florida 4 1.8B - -
  California 4 - - -
  Michigan 3 5.7B - -
  Tennessee 2 298M - -
  Indiana 2 2.7B - -
  Illinois 1 4.7B 1 -
  Wisconsin 1 217M - -
  North Carolina 1 1.1B - -
Total 35 $19.4B 3 -

Top M&A Advisors

Financial Deals
McColl Partners LLC
1
Citigroup Investment Banking
1
Goldman Sachs Investment Banking Division
1
Legal Deals
Graydon Head & Ritchey LLP
12
Cleary Gottlieb Steen & Hamilton LLP
2
Simpson Thacher & Bartlett LLP
1

Deal Values

buy # Total
> $1B 5 $15.2B
$100M to $1B 11 $3.7B
< $100M 9 $440M
TOTAL $19.4B
Largest Old Kent Financial Corp.
$5.5B (2001-04-02)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
6%
2 (6%)
Divested to
Strategic(s)
67%
2 (67%)

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