Fifth Third Bancorp continued a string of small acquisitions, announcing Monday that it would buy Cleveland thrift Emerald Financial Corp. for $204 million.

"This is a nice fill-in acquisition in step with the company's slow, steady expansion plan in the Cleveland marketplace," said bank analyst Fred A. Cummings of McDonald Investments in Cleveland.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.