Fifth Third Release Shows Mgmt to Streamline Reporting Structure

Fifth Third Bancorp

today announced that Michelle Van Dyke, currently regional president, has been named president of Fifth Third Mortgage Company effective immediately, replacing Bob Lewis who is retiring Sept. 19. In her new role, Van Dyke will report directly to Chad Borton, executive vice president and head of the Consumer Bank. Van Dyke joined Fifth Third in 2001 through the acquisition of Old Kent Bank, where her assignments included serving as the senior vice president and manager of the Central U.S. Mortgage region and president of the Illinois bank. Since joining Fifth Third, she has served as the regional president for the Michigan affiliates and has also had oversight responsibility for the St. Louis, Indiana and Ohio affiliates. Among other awards, Van Dyke was named one of American Banker's “25 Most Powerful Women in Banking” in 2007, 2012 and 2013. Greg D. Carmichael, president and chief operating officer of Fifth Third Bancorp said, “Michelle is a terrific choice and uniquely well-suited to lead our mortgage line of business. She has extensive background in the mortgage business as well as complete familiarity with our affiliate operating structure. I am confident in her ability to drive very strong performance in this important line of business.” Van Dyke said, “I am very pleased with the new role, which will allow me to focus 100 percent of my attention on a business that for me is a true passion.” With this change, Fifth Third also will streamline its reporting structure. All affiliate presidents now will report directly to Carmichael. In consideration of the new organization structure, regional president Karen Dee has elected to take this opportunity to retire and pursue other interests. Carmichael said, “We have significant bench strength at Fifth Third among our leadership team, which gives us confidence to make changes in our management line-up that will produce successful business results in the marketplace.”