Fifth Third Bank

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Bankrupt Giordano’s hires restructuring firm

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 »

ATMs at train stops: Fifth Third’s in, BofA’s out

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 »

Fifth Third Bank repays bailout money

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.

Fifth Third to pay $9.5M to settle overdraft suit

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 »

Fifth Third Bank beefs up executive ranks

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 »

Best, worst bank stocks include 4 Chicago heavy hitters

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.
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Head of local Fifth Third Bank is leaving

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 »