Shares of Fifth Third Bancorp (NASDAQ:FITB) ended Tuesday session in green amid volatile trading. The shares closed up +0.12 points or 0.59% at $20.47 with 9.25 million shares getting traded. Post opening the session at $20.25, the shares hit an intraday low of $20.25 and an intraday high of $20.71 and the price vacillated in this range throughout the day. The company has a market cap of $15.60 billion and the numbers of outstanding shares have been calculated to be 766.37 million shares.
Fifth Third Bancorp (FITB) announced that Reuben Rashty has been named senior vice president, managing director, Private Bank (Michigan) and executive director of Mirador Family Wealth Advisors. He will report to Phil McHugh, executive vice president and head of Fifth Third Wealth and Asset Management.
“We are excited to add a leader with Reuben’s experience to Fifth Third Private Bank,” McHugh said. “This is yet another sign of our deep commitment to the Michigan market and to the Mirador Family Wealth Advisors practice. Reuben’s outstanding track record of client service will immediately add value to our existing relationships and enhance our efforts to help families achieve their financial goals.”
As a managing director of Fifth Third Private Bank, Rashty will work to deliver strong local leadership to clients and prospects throughout the state of Michigan. As head of Mirador, Rashty will manage and build strategic relationships with ultra-high net worth individuals.
Glen Johnson, managing director of Mirador Family Wealth Advisors and one of its founders, will transition to a new leadership role within the Wealth and Asset Management Division, focused on providing wealth management solutions to Fifth Third Bank’s Commercial clients.
Shares of PrivateBancorp Inc (NASDAQ:PVTB) ended Tuesday session in red amid volatile trading. The shares closed down -0.24 points or -0.52% at $45.49 with 645,171.00 shares getting traded. Post opening the session at $45.82, the shares hit an intraday low of $45.36 and an intraday high of $46.27 and the price vacillated in this range throughout the day. The company has a market cap of $3.60 billion and the numbers of outstanding shares have been calculated to be 79.46 million shares.
PrivateBancorp Inc (PVTB) operates as the holding company for The PrivateBank and Trust Company that provides customized business and personal financial services to middle market companies, business owners, executives, entrepreneurs, and families in the United States. It offers commercial and personal banking products and services, including checking, savings, and money market deposit accounts; interest-bearing and non-interest bearing demand deposits; health savings accounts; and certificates of deposits.