Fifth Third cutting hundreds of jobs, closing dozens of branches after Chicago acquisition

Fifth Third Bancorp is cutting nearly 500 jobs in Chicago and closing dozens of branches there after it completed a $4.7 billion acquisition.

Fifth Third (Nasdaq: FITB) is cutting 493 jobs in Cook County, home to Chicago, Fifth Third spokesman Larry Magnesen told me. That’s where most of the branches of Chicago-based MB Financial, which Fifth Third acquired March 22, are located.

Fifth Third is also closing 47 MB Financial branches, Magnesen said. That’s in line with Fifth Third’s previous…

from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | Bizjournals.com & Banking & Financial News – Banking & Financial News Headlines | Bizjournals.com http://feeds.bizjournals.com/~r/industry_2/~3/bGb9wZsKB6E/fifth-third-cutting-hundreds-of-jobs-closing.html
via IFTTT

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s