CINCINNATI, Aug. 28 /PRNewswire-FirstCall/ -- Peter Mack, vice
president and managing director of trade finance and correspondent banking
at Fifth Third Bank, was recently elected to the Bankers' Association for
Finance and Trade (BAFT) board of directors. He was elected to a one-year
term at the BAFT board of directors meeting in Washington, D.C.
"We are very pleased to have Peter as a BAFT board member," said
Rebecca Morter, executive director of BAFT. "His leadership and experience
will be a great asset to BAFT and its membership."
BAFT represents financial institutions active in regional and global
trade, payments, cross-border financing and other commercial areas. Mack is
currently one of 21 people throughout the world serving on this board.
"I look forward to working with BAFT to support the industry and expand
opportunities for the global payments and trade community," said Mack. "The
organization is in the middle of a strategic refocusing of its efforts and
this is an exciting time to be involved."
In his position at Fifth Third Bank, Mack is responsible for several
departments within the International Banking group including Trade
Services, Structured Trade Finance and Correspondent Banking for Non-U.S.
Financial Institutions. He has been with the Bank for 20 years and holds a
bachelor's degree in Business Administration from Emory University in
Atlanta, Ga.
About BAFT
The Bankers' Association for Finance and Trade is a financial trade
association whose membership represents a broad range of internationally
active financial institutions and companies that provide important services
to the global payments and trade community. BAFT serves as a forum for
analysis, discussion and action among international financial professionals
on a wide range of topics affecting international trade and finance,
including legislative/regulatory issues. Because of its global focus and
broad membership, BAFT plays a unique role in expanding markets worldwide,
shaping public policy, and promoting practices that preserve the safety and
soundness of the international financial system. BAFT was founded in 1921
and became an affiliate of the American Bankers Association in July of
2002. The association's website is http://www.baft.org .
About Fifth Third Bank
Fifth Third Bancorp (Nasdaq: FITB) is a diversified financial services
company headquartered in Cincinnati, Ohio. The Company has $115 billion in
assets, operates 18 affiliates with 1,291 full-service Banking Centers,
including 97 Bank Mart locations open seven days a week inside select
grocery stores and 2,324 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri,
Georgia and North Carolina. Fifth Third operates five main businesses:
Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors
and Fifth Third Processing Solutions. Fifth Third is among the largest
money managers in the Midwest and, as of June 30, 2008, has $207 billion in
assets under care, of which it managed $31 billion for individuals,
corporations and not-for-profit organizations. Investor information and
press releases can be viewed at http://www.53.com . Fifth Third's common
stock is traded on the NASDAQ(R) National Global Select Market under the
symbol "FITB."
SOURCE Fifth Third Bancorp
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Related links:
http://www.53.com
http://www.baft.org
CONTACT:
Whitney Ellis, +1-513-534-6791, for Fifth
Third Bancorp
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