Edward L. Robinson Named Fifth Third's Mortgage Head

CINCINNATI--(BUSINESS WIRE)--

Fifth Third Bancorp FITB announced today that Edward L. Robinson has been named its senior vice president and head of Fifth Third Mortgage. He will report to Chad Borton, executive vice president and head of the Consumer Bank. Robinson's responsibilities will include comprehensive oversight of all Mortgage-related functions at Fifth Third.

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Robinson joins Fifth Third from PHH, one of the nation's 10 largest mortgage originators and servicers. He most recently served as senior vice president, leading servicing operations for a portfolio of more than 1.1 million loans and $234 billion through nearly 1,500 employees and contractors. Prior to that role, he was vice president of originations.

Before PHH, Robinson held positions of increasing responsibility with Genworth Financial and General Electric. His responsibilities over a decade there included directing operations for the U.S. mortgage insurance business, leading strategic initiatives for long-term care insurance, and financial management and analytics at both Genworth Financial and GE. He led a number of Lean Six Sigma efforts at both Genworth Financial and GE.

Robinson also served 15 years in the U.S. Army as a Special Operations team leader, successfully completing elite technical and leadership training. He completed four combat tours operating in 15 countries.

"We are very pleased to add a leader of Ed's caliber to Fifth Third. He has consistently demonstrated a solid track record of success in a variety of challenges and roles," Borton said. "He brings extensive mortgage expertise and a strong financial and operational skillset that will directly enhance and accelerate our ability to grow the mortgage business."

Robinson holds a bachelor's degree from Temple University in Finance and Economics as well as an MBA in Global Management from the Kenan-Flagler Business School at the University of North Carolina. He also completed GE's Financial Management Program.

"I am excited to join the leadership team at Fifth Third," Robinson said. "I have always respected Fifth Third as a competitor and its level of commitment to the Mortgage business. I am confident I can make an immediate contribution and help the Bank fully capitalize on its growth prospects in both the purchase and refinance markets."

About Fifth Third:

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2016,the Company had $142 billion in assets and operated 1,241 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,556 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2016, had $303 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the Nasdaq® Global Select Market under the symbol "FITB." Member FDIC.

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