CINCINNATI - Fifth Third Bancorp said it has completed its acquisition of Bank of Naples, Fla.
The $57 million-asset institution will merge with Fifth Third's Florida affiliate, Fifth Third Trust Company and Savings Bank, which will become known as Fifth Third Bank of Florida, a state-chartered Federal Reserve member bank.
The deal gives Fifth Third four full-service banking centers in Collier County.
Cincinnati-based Fifth Third also recently announced the proposed acquisition of Kentucky Enterprise Bancorp, a $280 million-asset thrift company.
Fifth Third has 11 affiliate banks and, with the Bank of Naples acquisition, approximately $16.9 billion in assets and 373 full-service offices, 87 of them in grocery stores.