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Anderson Named Fifth Third’s Chief Operating Officer

July 17, 2015, 07:19 AM
Related: Fifth Third Bank

Fifth Third Bancorp announced that Lars C. Anderson will become its executive vice president and chief operating officer and will be joining the Company on Aug. 3, 2015. Anderson will succeed Greg D. Carmichael, Fifth Third’s president and COO, who has been named CEO effective Nov. 1. Anderson will report to Carmichael.

Anderson joins Fifth Third from Comerica, where he was vice chairman, Business Bank, a member of the Management Executive Committee, and chair of that bank’s executive credit committee.

“Lars represents an outstanding addition to Fifth Third Bank,” Carmichael said. “His extensive industry experience and deep expertise in commercial banking make him an ideal complement to our executive team. As our next chief operating officer, I look to him to as an important partner in building the future of our franchise.”

Anderson’s background includes more than 30 years of banking industry experience. At Comerica, where he served since 2010, Anderson led more than 20 lines of business to support the growth of commercial clients, including Middle Market Banking and U.S. Banking, as well as specialized businesses with expertise in vertical industries including Energy, Technology and Life Sciences, Entertainment, Municipalities, Commercial Real Estate, Dealer Services, and others. He also led teams that offered solutions across all of Comerica’s customer base, including Corporate Finance, Treasury Management Services and Leasing. Finally, throughout his career, he has worked closely with Wealth Management leadership to ensure success in delivering customized personal solutions.

Prior to joining Comerica, over a 25-year career at BB&T Corporation, Anderson served as group banking executive and in a number of other leadership positions of increasing scope and responsibility. He earned a bachelor’s degree from Suffolk University in Boston and completed advanced management programs at both the University of North Carolina and University of Chicago. His community activities have included involvement with the University of Georgia, Southern Methodist University, and the United Way.

Said Anderson, “I am excited to be joining Fifth Third. The Bank has a strong financial foundation and excellent growth prospects. I look forward to being part of a bright future.”

In his role as chief operating officer, Anderson’s responsibilities will include leading the Commercial and Investment Advisor lines of business and enterprise-wide Marketing and Customer Experience. He will also have oversight of all 15 of Fifth Third’s affiliates.

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