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.
Feiger was the chief executive of MB Financial when Cincinnati-based Fifth Third
“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.”