Fifth Third Bancorp (FITB) has consolidated its Indiana operations after two division chiefs in the state announced their retirements.
Nancy Huber has led Fifth Third's central Indiana division for the last four years; she is scheduled to retire May 15. Furthermore, John Daniel, the chief executive of the southern Indiana division, also is retiring.
The Cincinnati bank will combine the two divisions to create Fifth Third Bank (Indiana) and put Steven Alonso in charge of it. Alonso, who joined Fifth Third in November 2008, had been executive vice president and head of its consumer bank. He previously served as head of mortgage and consumer lending.
Succeeding Alonso as head of Fifth Third's consumer unit will be Chad Borton, who was the senior vice president and head of the bank's retail division.
The new head of retail at Fifth Third is going to be Mike Butera, a 10-year veteran of the company. Butera had been senior vice president and retail executive for its Cincinnati affiliate.