Fifth Third Strengthens Leadership Team with Key Commercial Banking Promotion
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Fifth Third Bancorp (NASDAQ: FITB) has announced a key executive appointment in an 8-K filing. Kevin Lavender has been promoted to Vice Chairman, Commercial Bank, with the role becoming effective July 14, 2025. Lavender brings significant experience to this position, having previously served as Executive Vice President and Head of Commercial Bank since January 2020.
The filing includes details about the company's registered securities, including:
- Common Stock (FITB)
- Depositary Shares representing 1/1000th ownership in 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (FITBI)
- Depositary Shares representing 1/40th ownership in 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (FITBP)
- Depositary Shares representing 1/1000th ownership in 4.95% Non-Cumulative Perpetual Preferred Stock, Series K (FITBO)
The document was signed by Timothy N. Spence, President and Chief Executive Officer.
Positive
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Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 25, 2025
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| , | , | |||||||||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||||||||
(800 ) 972-3030
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||||||||
| The | Stock Market LLC | |||||||||||||||||||
| Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I | The | Stock Market LLC | ||||||||||||||||||
| The | Stock Market LLC | |||||||||||||||||||
| The | Stock Market LLC | |||||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On June 25, 2025, Fifth Third Bancorp named Kevin Lavender Vice Chairman, Commercial Bank, effective July 14, 2025. Mr. Lavender had served as Executive Vice President and Head of Commercial Bank since January 2020.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FIFTH THIRD BANCORP
(Registrant)
Date: June 25, 2025 By: /s/ TIMOTHY N. SPENCE
Timothy N. Spence
President and Chief Executive Officer
FAQ
Who is Kevin Lavender and what is his new position at FITB?
Kevin Lavender has been appointed as Vice Chairman, Commercial Bank at Fifth Third Bancorp (FITB), effective July 14, 2025. Prior to this promotion, he served as Executive Vice President and Head of Commercial Bank since January 2020.
When did FITB announce the appointment of its new Vice Chairman, Commercial Bank?
Fifth Third Bancorp (FITB) announced the appointment of Kevin Lavender as Vice Chairman, Commercial Bank on June 25, 2025, through an 8-K filing with the SEC.
What was Kevin Lavender's previous role at FITB before becoming Vice Chairman?
Before his appointment as Vice Chairman, Commercial Bank, Kevin Lavender served as Executive Vice President and Head of Commercial Bank at Fifth Third Bancorp (FITB) since January 2020.
Who signed FITB's 8-K filing regarding the executive appointment?
The 8-K filing was signed by Timothy N. Spence, who serves as President and Chief Executive Officer of Fifth Third Bancorp (FITB).
What preferred stock series does FITB currently have listed on NASDAQ?
FITB has three preferred stock series listed on NASDAQ: Series I (6.625% Fixed-to-Floating Rate, trading as FITBI), Series A (6.00% Non-Cumulative Perpetual Class B, trading as FITBP), and Series K (4.95% Non-Cumulative Perpetual, trading as FITBO).