Industry Veteran Joins Fifth Third Bank to Lead New National Group

Business Wire 5-Mar-2019 9:45 AM

Matt Sargent named SVP, Head of Wholesale Deposits and Financial Services

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.

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