The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Fifth Third executive chairman to retire

Fifth Third Bancorp in Cincinnati will shrink the size of its board after the retirement of its executive chairman.

The $207 billion-asset company disclosed in a regulatory filing that Greg Carmichael will retire at its April 18 annual meeting. Carmichael, a former Fifth Third CEO, had been chairman since February 2018.

The board voted to decrease its size such that no vacancies will result from Carmichael’s retirement.

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