Fifth Third Bank 2007 Annual Report Download - page 12
Download and view the complete annual report
Please find page 12 of the 2007 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Affiliate Model
Theafliatemodelisatthecoreof
FifthThirdanddifferentiatesus
fromotherlargenancialinstitutions.
Weoperateeachafliatewithlocal
management.Anexperiencedpresident
andseniormanagementteamreside
ineachmarket,drivingthebusiness.
Ourafliateseachhaveaboardof
directorscomprisedoflocalbusiness
andcommunityleaders.Thismeansthat
wehavelocaldecision-makerswhoare
abletoviewcustomerrelationshipsin
holisticwaysandmakelocaldecisions.
Thismodelgivesusatremendous
competitiveadvantage.Weareableto
bemoreresponsiveandattract
employeeswhoareallowedtomanage
thecustomerrelationshiplocally.This
modelalsogivesus18“mini-incubators”
fornewideasandbestpractices.
Ourentrepreneurialsalescultureis
attheheartoftheafliatemodel,and
contributestremendouslytoFifth
Third’ssuccess.
Overlayingtheafliatestructureare
ourlinesofbusiness.Theseare
essentiallyareasofexpertise–Branch
Banking,ConsumerLending,Commercial
Banking,ProcessingSolutions,and
InvestmentAdvisors–whoseproducts
andservicesaredeliveredtocustomers
throughtheafliatesinawaythat
ensurescustomerrelationshipsare
viewedholistically.
Wehave18afliatesplusourPittsburgh,
St.Louis,AugustaandJacksonville
markets.FortheyearendedJune
2007(mostrecentFDICdataand
excludingheadquarters),nearlythree-
quartersofourexistinganddenovo
marketsgrewdeposits.
All individuals shown in their positions as of February 2008
** Has oversight of all afliates except Cincinnati
*** Bancorp deposits include $6.8 billion in National and non-afliate deposits
Chicago
CentralIndiana
SouthernIndiana
NortheasternOhio
NorthwesternOhio
CentralOhio
OhioValley
WesternOhio
WesternMichigan
EasternMichigan
NorthernMichigan
SouthFlorida
CentralFlorida
TampaBay
Tennessee
Louisville
CentralKentucky
fOOtprint
|