Fifth Third Appoints Mike Powell as Corporate Secretary: A Strategic Move for Growth and Integrity

Generated by AI AgentWesley Park
Wednesday, Feb 26, 2025 1:08 pm ET1min read
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Fifth Third Bancorp (NASDAQ: FITB) has made a strategic move by appointing Mike Powell as its new Corporate Secretary, effective immediately. Powell brings a wealth of experience in corporate governance, legal compliance, and administrative management to the role, which will be crucial in driving the bank's strategic goals of stability, profitability, and growth.

Powell's extensive experience in mergers and acquisitions (M&A), strategic investments, and securities will be invaluable in his new role. Since joining Fifth ThirdFITB-- in December 2017, Powell has played a key role in various M&A transactions, notably the successful merger with MB FinancialMFSB-- Bank in May 2019. His previous experience as M&A Counsel at TeradataTDC-- and practicing law at prominent Midwest-based firms, Baker Hostetler and Dickinson Wright, further demonstrates his expertise in these areas.

As Corporate Secretary, Powell will continue to oversee Mergers & Acquisitions and Strategic Investments, Securities, and the Wealth & Asset Management and Retail Brokerage divisions. This oversight will enable him to identify and capitalize on potential growth opportunities for Fifth Third, while also ensuring that the bank maintains its high ethical standards and adheres to all applicable laws and regulations.

Powell's appointment aligns with Fifth Third's commitment to taking care of its customers, employees, communities, and shareholders. By prioritizing ethical decision-making and strong corporate governance, Fifth Third can continue to build trust with its stakeholders and maintain its position as a leading financial institution.

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