Fifth Third Bank 2003 Annual Report Download - page 14

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Bradlee F. Stamper
President
Fifth Third Bank (Chicago)
Fifth Third Bank (Chicago) is led by Bradlee F. Stamper,
an 18-year Fifth Third veteran, and was formed from the
27 banking centers in northwestern Indiana acquired in
the 1999 acquisition of CNB Bancshares, later
complemented with an additional 73 banking centers
from the 2001 acquisition of Old Kent. Today, Chicago
has 109 banking locations and is the third largest
affiliate in the Fifth Third network and comprises 14
percent of the Bancorp’s deposits and 10 percent of its
total assets.
Since the conversion to the Fifth Third operating platform
in June of 2001, the Chicago affiliate has seen significant
growth with total deposits increasing by over $1 billion,
transaction deposits increasing by 64 percent, loan and
lease outstandings increasing by 26 percent, service
revenues increasing by 67 percent and return on assets
now approaching 2.00 percent from a base of 1.34
percent. Chicago is continuing to hire experienced
bankers to take advantage of the opportunity in this
market.
Building a business mix
The Chicago metropolitan area is an extremely
fragmented banking market that represents an incredible
opportunity for Fifth Third with a population in excess of
eight million people and over $200 billion in deposits.
Fifth Third has opened 15 new banking locations in
the Chicago market thus far and an additional 35 new
banking locations are planned in the next three years.
With just under a 3 percent share of the total deposit
market and very strong growth rates, Chicago will be an
important driver of growth for the company as a whole
for many years to come.
952
Full-Service Banking Locations
FIFTH THIRD BANK (CHICAGO)
12