Fifth Third Bancorp

Also Known As: Fifth Third Bancorp, Fifth Third Bank, fifth third, 5th 3rd bank, 5th 3rd bancorp

Commercial Lending

GENERAL INFO

Headquarters: Cincinnati, OH
1308 offices
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THE BUZZ…

• "Solid midsized bank"
• "Regional player"
• "Consumer focus"
• "Doesn't earn that much money"

NEWS AND UPDATES

Vault's Scoop

Uppers

“Superior” benefits

Downers

“Internal advancement is slow”

ABOUT THIS COMPANY:

Midwest contender
Fifth Third Bancorp began its existence in 1858 as the Bank of the Ohio Valley. In 1871, the Bank of the Ohio Valley was acquired by the Third National Bank, and in 1908, the combined company decided to merge with The Fifth National Bank, creating the Fifth Third National Bank of Cincinnati. The name was subsequently changed to its current form. Fifth Third's recent acquisitions include the June 2008 purchase of First Center Corporation, the May 2008 buy of nine First Horizon branches, the November 2007 acquisition of R-G Crown Bank and the January 2006 purchase of Card Management Corporation.

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From the Community

53 bank REVIEWS

Inside opinions that matter, collected by Vault from employees at companies around the world.

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53 bank SALARIES

Fifth Third Bancorp salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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53 bank SURVEY SAYS

Fluid but not quite laid-back
While the bank is an “extremely fluid” and a “very goal-driven” environment to work in, it also can be “confusing.” On the plus side, “it is good if you are of an entrepreneurial mindset and have great people skills, because you can for the most part decide your own direction, work how you want to work and come up with your own unique style of doing business.” But then again, “the lack of structure can be maddening sometimes.” “There is not usually any accepted process or procedure for getting something done,” explains one insider. “If one exists, it is not documented well or at all and many of the key players do not know how to do it correctly.” Because of this, networking is key. “The only way to get something accomplished is to build internal relationships with competent people and then leverage those relationships.”

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DISCUSSIONS

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Getting Hired

Tips from the inside

Learning the ropes
Training is a big priority at Fifth Third, as the company runs several training programs for new hires, including associate programs in finance, commercial banking, investment advising, retail banking (focusing on branch operations, customer service and office managers), operations and IT. For GPA and background requirements, as well as open job postings, see the career section of the firm’s website (www.53.com). Candidates also can submit resumes through that site. “We are very selective about the talent we hire,” notes a source inside the company. Other sources say the firm is about average when it comes to selectivity.

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Company Initiatives

Corporate Diversity Programs

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