Boston, MA 05/20/2014 (wallstreetpr) – The announcement was made by the Fifth Third Bancorp (NASDAQ:FITB), that it has extended the amount of over $6.9 billion in credit to its business customers. The customers have received this amount in credits and renewed credits from the Bank. The credits have been made from January 2014 through March 2014. Fifth Third Bancorp is a diversified financial services company which is headquartered in Cincinnati. The company also had similar credits made in the previous financial year. The year 2013 also saw credits made by the Fifth Third Bank with a total of $39 million was granted to the businesses throughout the year.
The Fifth Third Bancorp also announced the list of companies and details who have received loans from the bank during this time frame. The companies include:
Agile Resources, Inc.- it is an IT consulting and staffing firm with its headquarters in Atlanta. The Fifth Third Bancorp has provided this company, loans for working out its capital needs. The company has also extended its list by providing loans to the Community Health Systems which is a national general acute care hospital company. The company was financed in the month of January 2014. Other companies who have received loans from Fifth Third Bancorp include Jedson Engineering of Cincinnati and School Outfitters with its headquarters in Norwood, Ohio. Both the above mentioned companies have been provided loans as a help in the construction and equipment department and for their expansion of business in the near future.
The executive Vice president and the head of Wholesale Bank for Fifth Third Bancorp said that the company works closely with its business customers, and it aims at proving them with the right solutions and services. Fifth Third Bancorp (NASDAQ:FITB) aims at helping them in their growth and improving their access to working capital.
