Celtic Commercial Finance and LaSalle Leasing are now Fifth Third Technology Finance
CINCINNATI – Fifth Third Bank, National Association, is deepening its commitment to customized leasing and financing solutions by integrating Celtic Commercial Finance and LaSalle Leasing as Fifth Third Technology Finance. Part of Fifth Third’s Equipment Finance Group, Fifth Third Technology Finance focuses on helping companies acquire, finance, maintain and replace information technology and material handling equipment through customized leasing programs and helping them efficiently track the lifecycle process with an industry leading cloud-based toolkit.
Fifth Third is a top 10 equipment finance company*. Today, Fifth Third’s Equipment Finance Group comprises a dedicated team of more than 140 across the U.S. More than one-third of members support four specialty channels: core equipment, technology finance, capital markets and renewable energy. As of 2021, its total assets were $6.7 billion and new business volume was $2.9 billion.
“With the integration of Celtic Commercial Finance and LaSalle Leasing as Fifth Third Technology Finance, we are one business, one brand and one team of dedicated professionals,” said Tom Partridge Fifth Third Bank executive vice president and head of commercial specialty finance products. “This focus is key for our clients. We know they continue to face supply chain challenges, inflationary pressures and continued economic uncertainty.”
Celtic Commercial Finance and LaSalle Leasing became divisions of Fifth Third Bank in 2019 as part of the merger between Fifth Third’s parent Fifth Third Bancorp and MB Financial, Inc.
“Fifth Third’s Commercial Bank clients can rely on the Equipment Finance Group team to be the most knowledgeable, to add value and deliver deep domain expertise,” said David Drury Fifth Third Bank senior vice president and equipment finance group head. “Fifth Third Equipment Finance’s core equipment finance team, together with the technology finance unit delivers the solutions, systems, processing and customer service to bring greater wholistic value and help our customers achieve the financing solution that’s right for their equipment needs.”
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of March 31, 2022, the Company had $211 billion in assets and operates 1,079 full-service Banking Centers, and 2,201 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 54,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2022, had $549 billion in assets under care, of which it managed $61 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. 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."
*According to the Monitor Top Bank 50 list of U.S. bank-owned equipment finance companies ranked by net assets.
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