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Fifth Third Bank: Branch Banking
built 229 days ago
In May 2007, Fifth Third announced the acquisition of R-G Crown Bank of Casselberry, FL. This purchase will add thirty branches in Florida and three in Georgia to Fifth Third's branch network. The transaction is expected to close in the fourth quarter of 2007.[10]
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Fifth Third Bank has sold its 3,000-square-foot bank branch building at 5292 S. Orange Blossom Trail in Orlando to 5292 OBT LLC for $1.3 million, or about $400 per square foot. The bank plans to vacate the location.
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On September 25, 2007 Fifth Third announced the acquisition of 9 branch locations in Atlanta, GA, from First Horizon National Corporation. The transaction is expected to close in the first quarter of 2008.[12]
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