Fifth Third Bank, National Association
Company Info
38 Fountain Square Plaza, MD 10904A
Cincinnati, OH 45263
Cincinnati, OH 45263
Michael Hube
Primary Contact
Nicholas Colvin
Alternate Contact
Fifth Third Bank, National Association is a:
Last Update: 01/25/2023
Core Business Focus
Fifth Third Bank National Association is a $170 billion asset size national bank headquartered in Cincinnati OH and it's national equipment finance team, which includes Fifth Third Equipment Finance, Fifth Third Lease Banking, LaSalle Leasing and Celtic Commercial Finance had $8.5 billion in assets as of 12/31/19 and originates over $2.5 billion in new loans and leases annually.
Company Type
Bank
Type of Funding Source/Buyer
Lender, Investor
Annual Volume Funded
2.6 Billion - 2.7 Billion
Credit Criteria
- Investment Grade
- Near Investment Grade
- Middle Market
Transaction Size
Highest
Average
Lowest
$100,000,000.00
$7,000,000.00
$1,000,000.00
Lease Terms
Longest
Average
Shortest
180
60
24
Lease Structures
- Conditional Sale / Money-Over-Money
- Debt
- Equity
- Leveraged Lease
- Operating Lease
- Sale / Leaseback
- TRAC
Originates Paper?
Yes
Syndicates/Sells Paper?
Yes
- Sell all types of transactions for middle market, upper middle market, and investment grade credits including single investor tax leases, finance lease, synthetic leases, non-recourse debt, participations, etc. Deal sizes range from $500,000 - $50,000,000. Please call Eric Staczek at 443-798-6512 for more details
Equipment Types We WILL Finance
- Agricultural
- Aircraft
- Buses
- Construction
- Emergency Vehicles
- Furniture / Fixtures
- Gaming
- Graphic Arts
- Intermodal
- Machine Tool
- Marine
- Material Handling
- Medical
- Mining
- Modular Buildings
- Packaging / Plastics
- Project Finance
- Rail
- Recreation / Fitness
- Recycling
- Renewable Energy
- Software
- Trucks and Trailers
- Technology
- Utility
- Waste Removal
Equipment Types We WILL NOT Finance
- Automobile
- Broadcast / Video
- Cable / Communications
- Laundry / Drycleaning
- Oil and Gas
- Restaurant
- Retail
Industry Financing Preferences
Manufacturing, food processing, distribution, construction, services, technology, transportation, medical, & marine
Our Company is a(n):
Credit Lender
Accepts Soft Assets?
Yes
- for investment grade "or equivalent" strength credits.
Lessor/ Broker Requirements
Fifth Third Equipment Finance works with institutional sources through traditional single investor inbound/outbound capital markets activity, while Fifth Third Lease Banking supports independent leasing companies with non-recourse debt and warehousing lines of credit. Both groups require the source to originate the deal directly with each lessee, or, if originated through a vendor relationship, has direct access to the customer to negotiate and close deal. All transactions must be awarded to the source evidenced by an executed proposal, good faith deposit or other acceptable documentation. Each source must have the resources to document (on docs approved by 5/3) and fund the deal. Source has established warehouse lines with either 5/3 or other lender(s); and provides acceptable references from investors similar in profile to 5/3. Each source must also have servicing capabilities if we desire to have source service and 5/3 servicing standards are met. In order to qualify as a new source, there is new business volume potential of at least $15 million per year in volume. We are not in the Broker originated channel.
ELFA Business Councils
Bank
Start of the Fiscal Year
January