Fifth Third Appoints Darren King as Head of Regional Banking
Fifth Third Bank (NASDAQ: FITB) has appointed Darren King as executive vice president and head of regional banking, effective immediately. King, who brings 24 years of experience from M&T Bank, will report to CEO Tim Spence and join Fifth Third's Enterprise management team.
In his new role, King will oversee middle market commercial banking and wealth and asset management across the bank's regions, focusing on strategy, talent development, and growth initiatives. The appointment highlights Fifth Third's successful regional banking model, which coordinates regional teams to provide integrated banking solutions. Notable success includes over 75% of new Private Bank assets originating from Commercial and Retail Banking referrals.
King succeeds Kris Garrett, who is retiring. Garrett, who joined Fifth Third in 2017, will remain with the bank through early June 2025 to ensure a smooth transition.
Fifth Third Bank (NASDAQ: FITB) ha nominato Darren King vicepresidente esecutivo e responsabile della banca regionale, con effetto immediato. King, che porta con sé 24 anni di esperienza proveniente da M&T Bank, riporterà al CEO Tim Spence e si unirà al team di gestione dell'Enterprise di Fifth Third.
Nel suo nuovo ruolo, King supervisionerà il settore bancario commerciale di medio mercato e la gestione patrimoniale e degli investimenti nelle varie regioni della banca, concentrandosi su strategia, sviluppo del talento e iniziative di crescita. Questa nomina evidenzia il modello di successo della banca regionale di Fifth Third, che coordina i team regionali per fornire soluzioni bancarie integrate. Un successo notevole include oltre il 75% dei nuovi asset della Private Bank provenienti da riferimenti della Banca Commerciale e Retail.
King succede a Kris Garrett, che si sta ritirando. Garrett, che è entrato in Fifth Third nel 2017, rimarrà con la banca fino all'inizio di giugno 2025 per garantire una transizione fluida.
Fifth Third Bank (NASDAQ: FITB) ha nombrado a Darren King como vicepresidente ejecutivo y jefe de banca regional, con efecto inmediato. King, que aporta 24 años de experiencia de M&T Bank, reportará al CEO Tim Spence y se unirá al equipo de gestión de Enterprise de Fifth Third.
En su nuevo rol, King supervisará la banca comercial de mercado medio y la gestión de patrimonio y activos en las regiones del banco, enfocándose en estrategia, desarrollo de talento e iniciativas de crecimiento. Esta designación resalta el exitoso modelo de banca regional de Fifth Third, que coordina equipos regionales para proporcionar soluciones bancarias integradas. Un éxito notable incluye más del 75% de los nuevos activos del Private Bank que provienen de referencias de Banca Comercial y Minorista.
King sucede a Kris Garrett, quien se está jubilando. Garrett, que se unió a Fifth Third en 2017, permanecerá en el banco hasta principios de junio de 2025 para garantizar una transición fluida.
Fifth Third Bank (NASDAQ: FITB)는 Darren King을 부사장 겸 지역은행 책임자로 즉시 임명했습니다. M&T Bank에서 24년의 경력을 쌓은 King은 CEO Tim Spence에게 보고하며 Fifth Third의 기업 관리 팀에 합류할 것입니다.
새로운 역할에서 King은 중간 시장 상업 은행 및 은행의 지역 전반에 걸친 자산 및 자산 관리 업무를 감독하며, 전략, 인재 개발 및 성장 이니셔티브에 집중할 것입니다. 이번 임명은 지역 팀을 조정하여 통합 은행 솔루션을 제공하는 Fifth Third의 성공적인 지역 은행 모델을 강조합니다. 주목할 만한 성공으로는 Private Bank의 새로운 자산의 75% 이상이 상업 및 소매 은행의 추천에서 발생했습니다.
King은 은퇴하는 Kris Garrett의 후임이 됩니다. Garrett는 2017년에 Fifth Third에 합류했으며, 원활한 전환을 보장하기 위해 2025년 6월 초까지 은행에 남아 있을 것입니다.
Fifth Third Bank (NASDAQ: FITB) a nommé Darren King au poste de vice-président exécutif et responsable de la banque régionale, avec effet immédiat. King, qui apporte 24 ans d'expérience de M&T Bank, relèvera du PDG Tim Spence et rejoindra l'équipe de direction de l'Enterprise de Fifth Third.
Dans son nouveau rôle, King supervisera la banque commerciale de marché intermédiaire ainsi que la gestion de patrimoine et d'actifs dans les différentes régions de la banque, en se concentrant sur la stratégie, le développement des talents et les initiatives de croissance. Cette nomination souligne le modèle de banque régionale réussi de Fifth Third, qui coordonne les équipes régionales pour offrir des solutions bancaires intégrées. Un succès notable inclut plus de 75 % des nouveaux actifs de la Banque Privée provenant de références de la Banque Commerciale et de Détail.
King succède à Kris Garrett, qui prend sa retraite. Garrett, qui a rejoint Fifth Third en 2017, restera à la banque jusqu'au début de juin 2025 pour assurer une transition en douceur.
Fifth Third Bank (NASDAQ: FITB) hat Darren King zum Executive Vice President und Leiter des Regionalbankings ernannt, mit sofortiger Wirkung. King, der 24 Jahre Erfahrung von der M&T Bank mitbringt, wird an CEO Tim Spence berichten und dem Managementteam von Fifth Third beitreten.
In seiner neuen Rolle wird King das Geschäft mit mittelständischen Unternehmen sowie die Vermögens- und Anlageverwaltung in den verschiedenen Regionen der Bank überwachen, wobei der Fokus auf Strategie, Talententwicklung und Wachstumsinitiativen liegt. Die Ernennung unterstreicht das erfolgreiche regionale Bankmodell von Fifth Third, das regionale Teams koordiniert, um integrierte Banklösungen anzubieten. Ein bemerkenswerter Erfolg ist, dass über 75 % der neuen Vermögenswerte der Private Bank aus Empfehlungen von der Geschäftsbank und dem Einzelhandel stammen.
King folgt auf Kris Garrett, der in den Ruhestand geht. Garrett, der 2017 zu Fifth Third kam, wird bis Anfang Juni 2025 bei der Bank bleiben, um einen reibungslosen Übergang zu gewährleisten.
- Appointment of experienced executive with 24 years of leadership background
- Successful regional banking model generating 75% of Private Bank assets through internal referrals
- Planned 18-month transition period ensures operational continuity
- Departure of successful wealth management leader who drove rapid growth
Fifth Third’s regional banking model provides a strategic advantage by aligning regional teams across key businesses to offer clients strategic counsel, innovative banking solutions and execution. As the head of regional banking, King will drive strategy, cultivate talent and pursue growth across the Bank’s footprint, with responsibility for the middle market commercial banking and wealth and asset management in each region. Fifth Third’s wealth business is one example of how the regional teams deliver “One Bank” solutions through relationship-based strategies. More than
"Darren is a seasoned leader with a strong track record leading business teams to realize successful financial outcomes, and I’m thrilled to welcome him to Fifth Third," said Tim Spence, chairman, CEO and president of Fifth Third. "His leadership and business development skills will be immediately impactful for our clients and our employees as we continue to grow across our footprint. I look forward to partnering with him to demonstrate both the value and the strength of our regional model."
"I'm thrilled to lead Fifth Third’s regional banking organization into a dynamic future," said King. "Throughout my career, I’ve had the honor of working with complex, rapidly growing businesses; diverse and talented leadership teams; and significant clients. I’m eager to build upon the exceptional foundation the Fifth Third team has established to drive future growth for this remarkable franchise.”
King succeeds Kris Garrett who is retiring. Garrett joined Fifth Third in 2017 to lead the Private Bank and ascended to head of Wealth & Asset Management in 2019 and assumed the role of group regional president in 2022. Prior to Fifth Third, Garrett held senior roles at CIBC and JP Morgan. Garrett will remain at Fifth Third through early June 2025 to ensure a smooth transition.
“The rapid growth and exceptional performance of our Wealth and Asset Management offerings are due to Kris’s expertise and leadership,” Spence continued. “I am deeply grateful for her contributions to our success.”
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250407057539/en/
Jennifer Hendricks Sullivan (Media Relations)
jennifer.hendricks.sullivan@53.com
Matt Curoe (Investor Relations)
matthew.curoe@53.com | 513-534-2345
Source: Fifth Third
FAQ
What role will Darren King have at Fifth Third Bank (FITB)?
How successful is Fifth Third's (FITB) regional banking model?
When will Kris Garrett retire from Fifth Third Bank (FITB)?
What experience does Darren King bring to Fifth Third (FITB)?
