Fifth Third Bancorp has begun providing accounting and custody services to a small Seattle-based mutual fund company.
The Cincinnati-based bank has signed on Bennington Capital Management's Accessor Funds, an eight-member fund family with more than $400 million in assets.
Fifth Third offers a variety of services to mutual funds, including cash management, credit facilities, 401(k) record keeping, affinity credit cards, and a stock transfer agency.
The bank provides accounting services to 16 fund companies, totaling $1.9 billion in assets.