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Spence, who joined the Cincinnati bank in 2015, will succeed Greg Carmichael as chief executive in July. He says he’ll maintain the company’s current strategic priorities, including regional expansion and digital transformation.
Tim Spence will become CEO of Fifth Third Bancorp in July when Greg Carmichael retires and becomes a member of the board of directors.
WASHINGTON (dpa-AFX) - Fifth Third Bancorp (FITB) Tuesday said that Greg Carmichael has elected to retire as Chief Executive Officer, effective July 5. Tim Spence will succeed Carmichael as Fifth
Fifth Third Bank has tapped president Tim Spence as its next CEO, effective July 5.
The Cincinnati bank is joining other large and regional banks in scrapping nonsufficients-fund fees. The move comes amid continued regulatory pressure on the industry to curtail overdraft fees and related charges.