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Fifth Third Bancorp Appoints Kevin Lavender as Vice Chairman, Commercial Bank

Strategic Insights

Jun 26, 2025 — 1 min read

Fifth Third Bancorp, a leading financial institution in the United States, has announced the appointment of Kevin Lavender as Vice Chairman, Commercial Bank, effective July 14, 2025. This move represents a significant development in the bank's leadership structure, with Lavender bringing extensive experience in commercial banking to the role.

Lavender has served as Executive Vice President and Head of Commercial Bank since January 2020, overseeing the bank's commercial banking business. His appointment as Vice Chairman, Commercial Bank, marks a new chapter in his career, where he will play a key role in shaping the bank's commercial banking strategy and driving growth.

Key Takeaways:

Kevin Lavender has been appointed as Vice Chairman, Commercial Bank, effective July 14, 2025, at Fifth Third Bancorp.
Lavender has served as Executive Vice President and Head of Commercial Bank since January 2020, with over 25 years of experience in commercial banking.
As Vice Chairman, Commercial Bank, Lavender will be responsible for shaping the bank's commercial banking strategy and driving growth.
This appointment marks a significant development in the bank's leadership structure, with Lavender bringing extensive experience in commercial banking to the role.
Lavender's appointment is effective immediately, but he will begin serving in his new role on July 14, 2025.
Fifth Third Bancorp is headquartered in Cincinnati, Ohio, and has operations across the United States.
The bank's common stock is listed on the NASDAQ Stock Market under the ticker symbol FITB.

Statistics:

Fifth Third Bancorp has total assets of approximately $190 billion (as of 2024).
The bank operates over 1,100 branches across 10 states in the Midwest and Southeast.
As of 2024, Fifth Third Bancorp employed over 35,000 people across its operations.
The bank's net income rose to $2.3 billion in 2024, up from $2.1 billion in 2023.

Sources:

Fifth Third Bancorp. (2025). Form 8-K: Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549

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