Fifth Third Bank - M&A Summary and Business Overview

Financial ServicesCompany

Fifth Third Bank M&A Summary

Fifth Third Bank has acquired 37 companies, including 6 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 11 different US states. The Company’s most targeted sectors include financial services (84%) and information technology (6%).

Fifth Third Bank Business Overview

Where is Fifth Third Bank headquartered?

Fifth Third Bank is headquartered in Cincinnati, Ohio.

What is Fifth Third Bank’s revenue?

Fifth Third Bank disclosed revenue of 8,178M USD for 2022 and 7,676M USD for 2021.

How many employees does Fifth Third Bank have?

Fifth Third Bank has 19,319 employees.

What sector is Fifth Third Bank in?

Fifth Third Bank is a financial services company.

When was Fifth Third Bank founded?

Fifth Third Bank was founded in 1858.

M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity37
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 31 - 3 1 2 - 37
vol $19.4B $19.4B
Sell (0.2/yr) # 2 - - 1 - - 3
  40

Most Recent M&A

Company Date Value Type
Rize Money, Inc. 2023-05-22 - Add-on Acquisition
Arlington, Virginia · www.rizefs.com
Big Data Healthcare 2023-03-07 - Add-on Acquisition
Madison, Wisconsin · www.bigdatahc.com
LaSalle Systems Leasing, Inc. 2022-03-09 - Secondary Sale
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
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Epic Insurance Solutions LLC 2017-09-15 After, Inc. 2023-06-01 1
Louisville, Kentucky · www.epicinsurancesolutions.com New York, New York · www.afterinc.com

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 31 (84%) 19.4B (100%) 1 (33%) -
Information Technology 2 (5%) - 1 (33%) -
Insurance 2 (5%) - 1 (33%) -
Business Services 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Total 37 $19.4B 3 -

By Geo

State/Country Buy Value Sell Value
United States 37 19.4B 3 -
  Ohio 11 2.5B - -
  Florida 5 1.8B 1 -
  Kentucky 5 339M - -
  California 4 - - -
  Michigan 3 5.7B - -
  Wisconsin 2 217M - -
  Tennessee 2 298M - -
  Indiana 2 2.7B - -
  Illinois 1 4.7B 1 -
  Virginia 1 - - -
  North Carolina 1 1.1B - -
Total 37 $19.4B 3 -

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
1
Goldman Sachs
1
McColl Partners LLC
1
Legal Deals
Graydon Head & Ritchey LLP
12
Cleary Gottlieb Steen & Hamilton
2
Alston & Bird 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)
5%
2 (5%)
Divested to
Strategic(s)
67%
2 (67%)

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