Fifth Third Bancorp in Cincinnati has restructured its equipment financing group.
The $141 billion-asset company said in a press release Wednesday that it had appointed four managing directors to oversee designated regions for the lending group.
Bob Davies will lead the East region, which includes a dozen states stretching from New England to the Mid-Atlantic, including Massachusetts, New Jersey, New York, Pennsylvania, Virginia and West Virginia. Lance King's 10-state South region includes Alabama, Florida, Georgia, Louisiana, North Carolina, Oklahoma, South Carolina and Texas.
The Midwest region, run by Bob Krefting, will cover Indiana, Kentucky, Michigan and Ohio. The North Central region handled by Dave Schlaf includes 17 states such as Arizona, California, Colorado, Illinois, Missouri, Utah, Washington and Wisconsin.
"Organizing our team under the construct of four regions enables us to streamline our processes," Tom Partridge, president of equipment finance at Fifth Third, said in the release.