Fifth Third's Feiger stepping down as Chicago market chairman
Fifth Third Bancorp said Thursday that it will promote Mark Hoppe to lead its Chicago region when Mitch Feiger steps down from that role later this year.
Management plans to recommend Feiger, 61, for the $169 billion-asset bank’s board after some projects he has overseen are completed. Hoppe, who is Chicago region president, will succeed Feiger as chairman of Fifth Third Bank in Chicago and remain regional president. Crain's Chicago Business reported the move earlier in the day.
Feiger was the chief executive of MB Financial when Cincinnati-based Fifth Third bought the Chicago bank in March 2019. Feiger has worked in Chicago’s banking industry for more than 20 years. Hoppe was president of MB Financial before the merger, and he reported directly to Feiger both in that role and in his current position.
“Mitch Feiger has done great work as the chair of our Chicago region since consummation of the MBFI merger in March 2019,” a spokeswoman for Fifth Third said in an email. “While Mitch certainly plays a critical role in integration, his regional role encompasses a much broader range of responsibilities than integration alone. He is therefore leading projects in multiple areas. The timing of his recommendation to the board will depend on the timing of completion for those.”