Fifth Third Private Bank's New Delaware Trust Administrative Office Highlights Wealth Planning Expertise, Meets Complex Client Needs

Business Wire 24-Feb-2025 8:00 AM

Service leverages Delaware's unique trust laws, provides clients with tailored solutions

Fifth Third Private Bank, a division of Fifth Third Bank (NASDAQ:FITB), is pleased to announce the addition of its new Trust Administrative Office in Wilmington, Delaware. This strategic expansion provides clients with the exceptional benefits of Delaware's unique trust laws, including income and estate tax advantages, enhanced privacy and dynasty trust capabilities.

"Our clients have complex needs, from philanthropy to business transitions and wealth protection," said Kris Garrett, group regional president and head of wealth and asset management at Fifth Third Bank. "Our expertise and dedication to innovative trust and estate solutions provide the flexibility, protection, and personalized services our clients rely on."

Fifth Third Private Bank's new offering underscores the Private Bank's commitment to wealth planning capabilities and its expertise that addresses the sophisticated needs of high-net-worth individuals and families.

"We're committed to understanding our clients' aspirations, values and priorities. By taking advantage of Delaware's strong fiduciary statutes, we help protect and grow wealth for future generations," Garrett added. "Helping clients achieve their goals and offering tailored solutions such as our family wealth services demonstrates our customized approach to wealth management."

Earlier this year, Fifth Third Private Bank was named as a Best Private Bank (US, Regional) for the sixth consecutive year. In addition, the Private Bank was named Best Private Bank for Entrepreneurs (Globally) for the second year. The honors were announced by Global Finance for the 2025 World's Best Private Bank Awards.

About Fifth Third

Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com.

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Adrienne Gutbier (Media Relations) adrienne.gutbier@53.com | 513-534-8038 Matt Curoe (Investor Relations) matt.curoe@53.com | 513-534-2345