Matt Sargent named SVP, Head of Wholesale Deposits and Financial
CINCINNATI–(BUSINESS WIRE)–Fifth Third Bank announced today that Matt Sargent will lead its new
Wholesale Deposits and Financial Solutions group, which will serve
specialized middle market and corporate clients.
In the new role, Sargent will report to Tom Heiks, executive vice
president and head of middle market banking for Fifth Third. He will be
responsible for establishing the commercial deposit strategy for Fifth
Third and building a team of specialists to provide liquidity and
treasury management solutions for companies such as not-for-profit
organizations, property management firms, title/escrow and more.
“Matt has a wealth of knowledge and deep relationships within these
specialized industry sectors,” said Heiks. “He is a proven leader and I
look forward to the value he’ll bring in establishing the dedicated
wholesale deposits and financial services group at Fifth Third.”
Sargent brings nearly 30 years of banking and finance experience. He
spent the last 11 years with U.S. Bank, most recently serving as head of
commercial deposit and payment solutions.
He holds a bachelor’s degree from Hamline University and earned a
Graduate Certificate in Banking from Pacific Coast Banking School. He is
currently a member of the board for City of Lakes Community Land Trust.
Matt will continue to be based in Minneapolis, Minnesota.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio and the indirect parent company of
Fifth Third Bank, an Ohio-chartered bank. As of December 31, 2018, Fifth
Third had $146 billion in assets and operated 1,121 full-service Banking
Centers and 2,419 ATMs with Fifth Third branding in Ohio, Kentucky,
Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia
and North Carolina. In total, Fifth Third provides its customers with
access to approximately 52,000 fee-free ATMs across the United States.
Fifth Third operates four main businesses: Commercial Banking, Branch
Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is
among the largest money managers in the Midwest and, as of December 31,
2018, had $356 billion in assets under care, of which it managed $37
billion for individuals, corporations and not-for-profit organizations
through its Trust and Registered Investment Advisory businesses.
Investor information and press releases can be viewed at www.53.com.
Fifth Third’s common stock is traded on the Nasdaq® Global Select Market
under the symbol “FITB.” Fifth Third Bank was established in 1858.
Deposit and Credit products are offered by Fifth Third Bank. Member FDIC.
Shandi Huber (Media)
Chris Doll (Investors)