Fifth Third closing dozens of branches to help pay for digital upgrades

fifth third closing dozens of branches to help pay for digital upgrades

Sumary of Fifth Third closing dozens of branches to help pay for digital upgrades:

  • Full-year expenses are expected to rise 2% to 3%, including costs associated with its branch plan as well as its pending acquisition of the health care-focused fintech lender Provide.
  • While mortgage banking revenue dropped 35% to $64 million, Fifth Third saw growth across most other fee income categories.

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