March 7 at 9:43 a.m.
Filed under:
Bankruptcy
By Becky Yerak
A Giordano's at 1040 W. Belmont. (Brian Cassella/Chicago Tribune)
Giordano’s, the Chicago-based pizza chain that filed for bankruptcy last month, has hired the restructuring firm headed by Democratic party stalwart William Brandt.
On Wednesday, U.S. Bankruptcy Judge Eugene Wedoff will be asked to approve an agreement between Giordano’s Enterprises Inc. and Chicago-based Development Specialists Inc. (DSI)
Giordano’s and 32 affiliated companies filed for Chapter 11 bankruptcy on Feb. 17. Get the full story »
Feb. 15 at 1:25 p.m.
Filed under:
Banking
By Becky Yerak
It’s Fifth Third in, Bank of America out, at CTA stops around Chicago.
Fifth Third Bank said it has been awarded the opportunity to install 63 automated teller machines in local CTA stops, giving the Cincinnati-based bank the biggest presence on the Chicago area’s train system. Installation of nearly all of the 63 have been completed in the past two months, Fifth Third said.
The number of ATMs at CTA stops has grown steadily since they were introduced in the system in 2003. Get the full story »
Feb. 2 at 3:55 p.m.
Filed under:
Banking
From DealBook | Midwestern bank Fifth Third Bancorp said Wednesday that it has repaid the $3.4 billion bailout money it received from taxpayers at the height of the financial crisis.
Dec. 1, 2010 at 2:51 p.m.
Filed under:
Banking,
Litigation
By Associated Press
Fifth Third Bank has agreed to pay $9.5 million in a proposed settlement with customers who claimed they were improperly charged overdraft fees for insufficient funds on debit card purchases and ATM withdrawals.
The class-action lawsuit filed Nov. 21, 2009 in U.S. District Court in northern Illinois alleges that Fifth Third changed the sequence of transactions to deplete customers’ accounts more quickly and boost the number of overdraft charges. Get the full story »
Nov. 5, 2010 at 12:39 p.m.
Filed under:
Banking,
Chicago executives
By Becky Yerak
Fifth Third Bank, which ranks eighth in deposit market share in the Chicago area, has made four new hires in the local market.
Emilio Di Cesare, 35, previously assistant vice president for HSBC, has been named vice president and business banking relationship manager. The graduate of DePaul University and the University of Chicago Booth School of Business lives in Roselle. Get the full story »
Sep. 16, 2010 at 12:57 p.m.
Filed under:
Banking
By Becky Yerak
Four banks with a meaningful Chicago presence made a list of the 20 best- and 20 worst-performing Midwest bank stocks.
The 20 best-performing Midwest bank stocks year to date include Chicago-based PrivateBancorp Inc. and Cincinnati-based Fifth Third Bancorp, according to a report released Thursday by Oppenheimer & Co. Fifth Third ranks eighth in deposit market share in the Chicago area.
Get the full story »
Sep. 10, 2010 at 11:51 a.m.
Filed under:
Banking,
Chicago executives,
Personnel moves
By Becky Yerak
Chip Reeves, president of Fifth Third Bank’s operations in Chicago since 2008, is heading back to Ohio.
The 20-year Fifth Third veteran has accepted a new position within the Bancorp Special Assets Group effective Oct. 1. SAG is a high-end securities division of the bank.
A search is underway for a new Illinois-area president Get the full story »
