For Third Consecutive Year, Fifth Third Private Bank Recognized as Best for High Net Worth Clients

Rhea-AI Summary

Fifth Third Private Bank, a division of Fifth Third Bank, has been named Best Private Bank for High Net Worth Clients by The Digital Banker and Global Private Banker for the third consecutive year. Additionally, it received the Best Private Bank for Succession Planning for 2024 award.

These accolades were part of the Global Private Banking Innovation Awards, which recognize top Private Banks, Family Offices, and Wealth Managers based on digital innovation, client experience, engagement, financial performance, and corporate strategy.

In May, Fifth Third Private Bank also won the Best Bank ESG Communication Strategy for the Americas for the third consecutive year as part of WealthBriefing's Wealth for Good Awards, celebrating ethical wealth management practices.

Positive

• Fifth Third Private Bank named Best Private Bank for High Net Worth Clients for third consecutive year.
• Received Best Private Bank for Succession Planning for 2024.
• Won Best Bank ESG Communication Strategy for the Americas for the third consecutive year.
• Awards highlight digital innovation, client experience, engagement, financial performance, and corporate strategy.

Negative

• No specific financial data or impact on stock performance mentioned.

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Private Bank, a division of Fifth Third Bank, was named Best Private Bank for High Net Worth Clients by The Digital Banker and Global Private Banker as part of the Global Private Banking Innovation Awards for the third consecutive year. In addition, the Private Bank was named Best Private Bank for Succession Planning for 2024.

“This honor serves as a reminder that our clients can rely on Fifth Third Private Bank regardless of the economic cycle,” said Kris Garrett, group regional president and head, wealth and asset management, Fifth Third Bank. “Our dedicated, professional teams are committed to fostering long-term client relationships. We believe in the investment of time and crafting insight-driven, customized wealth strategies.”

“We’re grateful for this recognition and thankful for the trust our clients place in us,” Garrett added.

The 2024 Global Private Banking Innovation Awards identify and celebrate the world’s preeminent Private Banks, Family Offices and Wealth Managers.

Global Private Banker has its own proprietary assessment framework for evaluating the best-in-class entries for the 2024 program. The key criteria encapsulate digital innovation, client experience and engagement, financial and business performance and corporate strategy. A numerical and qualitative scoring methodology is applied to all submissions, resulting in the world’s most authoritative and transparently judged private wealth awards.

In May, Fifth Third Private Bank was awarded the Best Bank ESG Communication Strategy for the Americas for the third consecutive year by the WealthBriefing Wealth for Good Awards. The Wealth for Good Awards recognize the most ethical wealth management businesses globally.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240606716199/en/

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 Bank

FAQ

What awards did Fifth Third Private Bank win in 2024?

Fifth Third Private Bank won Best Private Bank for High Net Worth Clients and Best Private Bank for Succession Planning for 2024.

What is the significance of the Global Private Banking Innovation Awards for Fifth Third Private Bank?

The awards recognize excellence in digital innovation, client experience, engagement, financial performance, and corporate strategy.

Did Fifth Third Private Bank receive any other awards in 2024?

Yes, it won the Best Bank ESG Communication Strategy for the Americas for the third consecutive year.