M&A Deal Summary

Fifth Third Bank Acquires The Retirement of America

On January 19, 2017, Fifth Third Bank acquired financial services company The Retirement of America

Acquisition Highlights
  • This is Fifth Third Bank’s 28th transaction in the Financial Services sector.
  • This is Fifth Third Bank’s 28th transaction in the United States.
  • This is Fifth Third Bank’s 10th transaction in Ohio.

M&A Deal Summary

Date 2017-01-19
Target The Retirement of America
Sector Financial Services
Buyer(s) Fifth Third Bank
Deal Type Add-on Acquisition

Target

The Retirement of America

Cincinnati, Ohio, United States
The Retirement Corporation of America is a provider of retirement education and planning as well as investment management solutions geared toward the needs of retirees. The Retirement Corporation of America was founded in 1984 and is based in Cincinnati, Ohio.

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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 28 of 37
Sector (Financial Services) 28 of 31
Type (Add-on Acquisition) 25 of 32
State (Ohio) 10 of 11
Country (United States) 28 of 37
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-21 Worldpay

Jacksonville, Florida, United States

Worldpay is a provider of payment acceptance services. The company offers a broad suite of payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omnichannel environments that span point-of-sale, e-commerce, and mobile devices. Worldpay was established in 2009 and is headquartered in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 R.G. McGraw Insurance Agency

Cincinnati, Ohio, United States

R.G. McGraw Insurance Agency, Inc. is a downtown-based insurance agency that serves a broad mix of companies, public institutions, and high net worth individuals. We are known for delivering the best cost and coverage solutions for our clients' risk management, asset protection, and employee health benefit needs.

Buy -