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| companies established in 1858 | |
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| companies based in cincinnati | |
Fifth Third Bank ('''5/3 Bank''') () is a U.S. regional Bank ing Corporation , headquartered in Cincinnati, Ohio . The Company has $101 billion in assets, operates 18 affiliates with 1,169 full-service Banking Centers, including 109 Bank Mart® locations open seven days a week inside select grocery stores and 2,134 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia, and North Carolina. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2007, has $232 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations. 3 The company engages in five main businesses: Branch Banking, Consumer Lending, Commercial Banking, Investment Advisors, and Fifth Third Processing Solutions. 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.4 Name ]] in Metro Detroit .]] 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. Because the merger took place during a period when Prohibition ist 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.5 The name went through several changes over the years, until on March 24 , 1969 , the name was changed to Fifth Third Bank. FIFTH THIRD IN THE NEWS |
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