M&A Deal Summary

Fifth Third Bank Acquires Suburban Bancorporation

On July 25, 1997, Fifth Third Bank acquired financial services company Suburban Bancorporation for 35M USD

Acquisition Highlights
  • This is Fifth Third Bank’s 8th transaction in the Financial Services sector.
  • This is Fifth Third Bank’s 21st largest (disclosed) transaction.
  • This is Fifth Third Bank’s 8th transaction in the United States.
  • This is Fifth Third Bank’s 4th transaction in Ohio.

M&A Deal Summary
Date 1997-07-25
Target Suburban Bancorporation
Sector Financial Services
Buyer(s) Fifth Third Bank
Deal Type Add-on Acquisition
Deal Value 35M USD

Target

Suburban Bancorporation

Cincinnati, Ohio, United States
Suburban Bancorporation, a bank holding company. Suburban provides banking services.

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Buyer(S) 1

Buyer

Fifth Third Bank

Cincinnati, Ohio, United States
Category Company
Founded 1858
Sector Financial Services
Employees18,657
Revenue 8.5B USD (2023)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

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.

DEAL STATS #
Overall 8 of 37
Sector (Financial Services) 8 of 31
Type (Add-on Acquisition) 8 of 32
State (Ohio) 4 of 11
Country (United States) 8 of 37
Year (1997) 1 of 1
Size (of disclosed) 21 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-03-15 Kentucky Enterprise Bancorp

Newport, Kentucky, United States

Kentucky Enterprise Bancorp, provides thrift, loan mortgage services.

Buy $94M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-19 State Savings

Columbus, Ohio, United States

State Savings Co., is a privately owned thrift holding company.

Buy $903M
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