Thursday, August 16, 2007
Fifth Third Bank Expanding In Georgia
Fifth Third Bank is buying First Charter Corp in a deal worth about $1.09 billion. The deal adds $4.9 billion in assets and $3.2 billion in deposits to Fifth Third Bancorp's arsenal. Furthermore, this gives Fifth Third Bank a presence in the metro-Atlanta area. Fifth Third will have five retail locations and six ATMs in Georgia through the acquisition of First Charter and the previous acquisition of R-G Crown Bank. The Atlanta Business Chronicle has the full story.
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1 comments:
I had just read the piece and was going to mention it on my blog.
I keep hearing more about Fifth Third -- I actually thought about placing a loan with their wholesale mortgage division this week -- and am interested in seeing how they do down here.
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