In Brief: 5th Third Eyes Lender On Commercial Realty

Fifth Third Bank announced it is buying Vanguard Financial Co., a privately held commercial mortgage bank.

The deal would make Fifth Third one of the top 30 commercial real estate finance companies, with a servicing portfolio of $2.7 billion. Financial terms of the deal were not disclosed.

Doug Burgess, Fifth Third's president, said Friday that he expected buying Vanguard would strengthen his company's presence in Kentucky and Indiana.

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