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Fifth Third Bank Names Craig Harter as Head of Automotive Lending
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Rhea-AI Summary
Fifth Third Bank has appointed Craig Harter as the new head of auto lending, succeeding Peter Kidd, who is retiring in spring 2022. Harter returns with over 30 years of experience in banking and automotive lending, including previous roles at Fifth Third from 2004 to 2010 and most recently as head of indirect lending at a regional bank. Fifth Third is one of the leading bank originators of indirect auto loans in the U.S., with a strong dealer network across 40 states.
Positive
Appointment of Craig Harter positions Fifth Third Bank to enhance leadership in auto lending.
Harter's extensive experience in banking and automotive lending is expected to drive growth in the auto lending division.
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CINCINNATI--(BUSINESS WIRE)--
Fifth Third Bank, National Association, today announced that Craig Harter has joined the Bank as head of auto lending. Fifth Third is one of the largest bank originators of indirect auto loans in the country, with an extensive dealer network across more than 40 states.
Harter returns to the Bank with more than 30 years of experience in banking and automotive lending. He previously worked at Fifth Third in business banking and dealer services from 2004 to 2010. He most recently was the head of U.S. indirect lending for a regional bank.
“I am pleased that Craig is returning to Fifth Third to lead our automotive division,” said Howard Hammond, head of consumer banking for Fifth Third Bank. “His extensive background in banking and auto will be a huge asset for us and I look forward to seeing him continue to grow that area of the business.”
Harter will replace Peter Kidd, who is retiring in the spring of 2022 after serving the Bank for more than 17 years in the indirect auto division.
Harter is a Chicago resident, where he lives with his wife Sara and their son and daughter. He holds a bachelor’s of science degree in business management and serves on the board of Transunion Auto Advisory.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Sept. 30, 2021, the Company had $208 billion in assets and operates 1,100 full-service Banking Centers, and 2,336 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Sept. 30, 2021, had $541 billion in assets under care, of which it managed $61 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.”
