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Fifth Third Private Bank's New Delaware Trust Administrative Office Highlights Wealth Planning Expertise, Meets Complex Client Needs

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Fifth Third Private Bank (NASDAQ: FITB) has announced the opening of a new Trust Administrative Office in Wilmington, Delaware. This strategic expansion aims to leverage Delaware's unique trust laws, offering clients income and estate tax advantages, enhanced privacy, and dynasty trust capabilities.

The expansion reinforces the Private Bank's commitment to serving high-net-worth individuals and families with complex wealth planning needs, from philanthropy to business transitions and wealth protection. The bank's expertise focuses on providing flexible, protective, and personalized services.

The announcement follows Fifth Third Private Bank's recent recognition as Best Private Bank (US, Regional) for the sixth consecutive year and Best Private Bank for Entrepreneurs (Globally) for the second year in the Global Finance 2025 World's Best Private Bank Awards.

Fifth Third Private Bank (NASDAQ: FITB) ha annunciato l'apertura di un nuovo Ufficio Amministrativo Fiduciario a Wilmington, Delaware. Questa espansione strategica mira a sfruttare le uniche leggi sui fiduciari del Delaware, offrendo ai clienti vantaggi fiscali sulle entrate e sulle successioni, maggiore privacy e capacità di creare fiduciari dinastici.

L'espansione rafforza l'impegno della Private Bank nel servire individui e famiglie ad alto patrimonio netto con esigenze complesse di pianificazione patrimoniale, dalla filantropia alle transizioni aziendali e alla protezione della ricchezza. L'esperienza della banca si concentra sull'offrire servizi flessibili, protettivi e personalizzati.

L'annuncio segue il recente riconoscimento della Fifth Third Private Bank come Best Private Bank (US, Regional) per il sesto anno consecutivo e Best Private Bank for Entrepreneurs (Globally) per il secondo anno agli Global Finance 2025 World's Best Private Bank Awards.

Fifth Third Private Bank (NASDAQ: FITB) ha anunciado la apertura de una nueva Oficina Administrativa de Fideicomisos en Wilmington, Delaware. Esta expansión estratégica tiene como objetivo aprovechar las únicas leyes de fideicomisos de Delaware, ofreciendo a los clientes ventajas fiscales sobre ingresos y herencias, mayor privacidad y capacidades de fideicomisos dinásticos.

La expansión refuerza el compromiso del Private Bank de atender a individuos y familias de alto patrimonio neto con necesidades complejas de planificación patrimonial, desde la filantropía hasta las transiciones empresariales y la protección de la riqueza. La experiencia del banco se centra en proporcionar servicios flexibles, protectores y personalizados.

El anuncio sigue al reciente reconocimiento de Fifth Third Private Bank como Best Private Bank (US, Regional) por sexto año consecutivo y Best Private Bank for Entrepreneurs (Globally) por segundo año en los Global Finance 2025 World's Best Private Bank Awards.

Fifth Third Private Bank (NASDAQ: FITB)는 델라웨어주 윌밍턴에 새로운 신탁 관리 사무소를 개설했다고 발표했습니다. 이 전략적 확장은 델라웨어의 독특한 신탁법을 활용하여 고객에게 소득세 및 상속세 혜택, 향상된 프라이버시, 그리고 왕조 신탁 기능을 제공합니다.

이번 확장은 복잡한 자산 계획이 필요한 고액 자산가 및 가족을 지원하려는 Private Bank의 의지를 강화합니다. 이 은행은 자선 활동에서 기업 전환, 자산 보호에 이르기까지 다양한 요구를 충족하는 유연하고 보호적인 맞춤형 서비스를 제공합니다.

이번 발표는 Fifth Third Private Bank가 Best Private Bank (US, Regional)로 여섯 번째 연속 수상했으며, Best Private Bank for Entrepreneurs (Globally)로 두 번째 연속 수상한 Global Finance 2025 World's Best Private Bank Awards의 결과입니다.

Fifth Third Private Bank (NASDAQ: FITB) a annoncé l'ouverture d'un nouveau Bureau Administratif de Fiducie à Wilmington, Delaware. Cette expansion stratégique vise à tirer parti des lois uniques sur les fiducies du Delaware, offrant aux clients des avantages fiscaux sur le revenu et sur les successions, une meilleure confidentialité et des capacités de fiducie dynastique.

Cette expansion renforce l'engagement de la Private Bank à servir des particuliers et des familles à fort patrimoine avec des besoins complexes en matière de planification patrimoniale, allant de la philanthropie aux transitions d'entreprise et à la protection de la richesse. L'expertise de la banque se concentre sur la fourniture de services flexibles, protecteurs et personnalisés.

L'annonce fait suite à la récente reconnaissance de Fifth Third Private Bank comme Best Private Bank (US, Regional) pour la sixième année consécutive et Best Private Bank for Entrepreneurs (Globally) pour la deuxième année aux Global Finance 2025 World's Best Private Bank Awards.

Fifth Third Private Bank (NASDAQ: FITB) hat die Eröffnung eines neuen Treuhandverwaltungsbüros in Wilmington, Delaware bekannt gegeben. Diese strategische Expansion zielt darauf ab, die einzigartigen Treuhandgesetze von Delaware zu nutzen, um den Kunden steuerliche Vorteile bei Einkommen und Erbschaften, verbesserte Privatsphäre und die Möglichkeit von Dynastietreuhandfonds zu bieten.

Die Expansion verstärkt das Engagement der Private Bank, wohlhabende Einzelpersonen und Familien mit komplexen Vermögensplanungsbedürfnissen zu unterstützen, von Philanthropie über Unternehmensübergänge bis hin zum Vermögensschutz. Die Expertise der Bank konzentriert sich darauf, flexible, schützende und personalisierte Dienstleistungen anzubieten.

Die Ankündigung folgt der jüngsten Auszeichnung von Fifth Third Private Bank als Best Private Bank (US, Regional) für das sechste Jahr in Folge und Best Private Bank for Entrepreneurs (Globally) für das zweite Jahr bei den Global Finance 2025 World's Best Private Bank Awards.

Positive
  • Strategic expansion into Delaware market enhances trust services offerings
  • Received Best Private Bank (US, Regional) award for sixth consecutive year
  • Named Best Private Bank for Entrepreneurs (Globally) for second year
Negative
  • None.

Service leverages Delaware's unique trust laws, provides clients with tailored solutions

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Private Bank, a division of Fifth Third Bank (NASDAQ: FITB), is pleased to announce the addition of its new Trust Administrative Office in Wilmington, Delaware. This strategic expansion provides clients with the exceptional benefits of Delaware’s unique trust laws, including income and estate tax advantages, enhanced privacy and dynasty trust capabilities.

“Our clients have complex needs, from philanthropy to business transitions and wealth protection,” said Kris Garrett, group regional president and head of wealth and asset management at Fifth Third Bank. “Our expertise and dedication to innovative trust and estate solutions provide the flexibility, protection, and personalized services our clients rely on.”

Fifth Third Private Bank’s new offering underscores the Private Bank’s commitment to wealth planning capabilities and its expertise that addresses the sophisticated needs of high-net-worth individuals and families.

“We’re committed to understanding our clients’ aspirations, values and priorities. By taking advantage of Delaware’s strong fiduciary statutes, we help protect and grow wealth for future generations,” Garrett added. “Helping clients achieve their goals and offering tailored solutions such as our family wealth services demonstrates our customized approach to wealth management.”

Earlier this year, Fifth Third Private Bank was named as a Best Private Bank (US, Regional) for the sixth consecutive year. In addition, the Private Bank was named Best Private Bank for Entrepreneurs (Globally) for the second year. The honors were announced by Global Finance for the 2025 World’s Best Private Bank Awards.

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 U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

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.

Adrienne Gutbier (Media Relations)

adrienne.gutbier@53.com | 513-534-8038

Matt Curoe (Investor Relations)

matt.curoe@53.com | 513-534-2345

Source: Fifth Third

FAQ

What services will FITB's new Delaware Trust Administrative Office provide?

The office will provide trust services leveraging Delaware's unique trust laws, including income and estate tax advantages, enhanced privacy, and dynasty trust capabilities for high-net-worth clients.

Where is FITB's new Trust Administrative Office located?

The new Trust Administrative Office is located in Wilmington, Delaware.

What recent awards has Fifth Third Private Bank (FITB) received?

Fifth Third Private Bank was named Best Private Bank (US, Regional) for the sixth consecutive year and Best Private Bank for Entrepreneurs (Globally) for the second year in the Global Finance 2025 World's Best Private Bank Awards.

What types of clients will FITB's Delaware trust services target?

The services target high-net-worth individuals and families with complex needs, including philanthropy, business transitions, and wealth protection requirements.

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