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The bank has held a presence in Florida for 30 years and currently has locations spanning the state from Miramar to Jacksonville. The Southeast region as a whole has emerged as a high-growth market for Fifth Third, says Carmichael. The Cincinnati Business Courier , a sister publication, reported this month that Fifth Third plans to open a total of 30 new branches this year, with a strategic focus on high-growth markets in the Southeast.
Weiss is a year veteran with Fifth Third who previously served as president of the Tampa Bay region, as well as senior commercial banking executive in the North Florida region. Fifth Third is quickly expanding its local branch network at a time when the growing popularity of digital platforms has led some South Florida financial institutions to scale back in-person service and shutter certain locations.
Industry experts are discussing the future of the branch-based banking model amid a long-term, national trend of branch closures. Like many consumer banks, Fifth Third has focused heavily on its digital offerings this year to remain competitive in the market. Bealls Outlet opens new store in East Naples. Certified Master Chef returns to Southwest Florida. Grant of License. The Licensed Material may only be used in materials for personal, noncommercial use and test or sample use, including comps and layouts.
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