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fifth third bank

fifth third bank

Fifth Third Bancorp
Type Public
Founded 1858
Headquarters Cincinnati, Ohio
Industry Finance and Insurance
Products Banking
Revenue unknown
Website www.53.com

Fifth Third Bank (5/3 Bank) NASDAQ: FITB is a U.S. regional banking corporation, headquartered in Cincinnati, Ohio. The banking arm of Fifth Third Bancorp, a financial services company, Fifth Third Bank has branches across much of the eastern U.S., in Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Pennsylvania, West Virginia, and Tennessee.

Contents

  • 1 History
    • 1.1 Name
  • 2 Use by phishing scams
  • 3 See also
  • 4 External link
  • 5 References

History

Fifth Third Bank's history can be traced back to June 17, 1858, when the Bank of the Ohio Valley opened in Cincinnati. The Third National Bank organized five years later, on June 23, 1863, and on April 29, 1871, the younger bank acquired the older one, beginning a 130-year history of banking acquisitions and mergers, with numerous smaller banks being absorbed and renamed.[1]

Name

Fifth Third Bank headquarters building in Cincinnati, Ohio

Fifth Third's unusual name is the result of the June 1, 1908 merger of two banks, The Fifth National Bank and The Third National Bank, to become The Fifth Third National Bank of Cincinnati.[1] Because the merger took place during a period when prohibitionist ideas were gaining popularity, it was believed that "Fifth Third" was better than "Third Fifth," which could be construed as a reference to "three fifths" of alcohol.[2] The name went through several changes over the years, until on March 24, 1969, the name was changed to Fifth Third Bank. [1]

Use by phishing scams

Fifth-Third Bank's brand, name and logo have been frequently exploited by Phishing scam emails. Computer security company McAfee reports on their website that, at the beginning of September 2006, over 98% of Phishing scam emails being reported to McAfee were utilizing Fifth-Third Bank's brand.[3]

See also

  • Fifth Third Field, the name of two baseball stadiums in Ohio bearing the bank's name due to separate naming rights arrangements:
    • One in Dayton, and
    • One in Toledo
  • Fifth Third Ballpark, another baseball stadium bearing the bank's name, in Comstock Park, Michigan
  • Fifth Third Arena, an indoor arena bearing the bank's name on the campus of the University of Cincinnati, used by that school's basketball program

External link

  • Fifth Third Bank

References

  1. ^ a b c Fifth Third Bank History and Expansion (PDF). Fifth Third Bank (2005). Retrieved on 2006-09-01.
  2. ^ Adams, Cecil (2002-01-18). The Straight Dope: What gives with Fifth Third Bank?. Chicago Reader. Retrieved on 2006-09-02.
  3. ^ Top 10 Phish Scams. McAfee (2006-09-01). Retrieved on 2006-09-01.


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Kroger Marketplace has everything from sushi to furniture 

The Cincinnati Enquirer - Nov 17 2:33 AM
Jennie Charlton, 52, hadn't planned on buying furniture Thursday. She'd come to the new Kroger Marketplace here for Starbucks and to use the Fifth Third Bank.

The Hot List: Our picks of the week's top events 
Louisville Courier-Journal - Nov 17 3:11 AM
On tap this week: 17th annual Festival of Trees and Lights, Cards vs. Northwestern State at Freedom Hall, Muhammad Ali Center anniversary party, a concert by Smokey Robinson, Fifth Third Bank's "A Christmas Carol" at Actors Theatre, and, next weekend, Light Up Louisville.

Dury Hired as New Fifth Third CIO Fifth Third taps Dury for CIO position. By BS&T Staff 
Finance Technology Network - Nov 14 7:32 AM
Last Friday, Cincinnati-based Fifth Third Bank ($105.8 billion in assets) announced it hired Raymond Dury as CIO. Dury will be responsible for leading the bank's technological processes, systems developments and e-commerce solutions. As of this writing, he was slated to begin his new role this week.

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