DealCloud client, Fifth Third Bancorp (Nasdaq: FITB), recently announced that Fifth Third Acquisition Holdings, LLC., has agreed to acquire Hammond Hanlon Camp LLC (“H2C”), a premier strategic advisory and investment banking firm focused on health systems and other healthcare-related organizations. With this acquisition, Fifth Third Bancorp is building upon its healthcare industry M&A and investment banking capabilities.
The announcement underscores Fifth Third’s commitment to develop a robust, best-in-class healthcare platform and builds upon Fifth Third’s acquisition of Coker Capital in 2018. Over the last decade, the Bank’s healthcare team has expanded its breadth and expertise to become one of the top platforms to middle-market and corporate clients. It serves one of the largest and fastest growing segments of the U.S. economy.
“Fifth Third has been a valued client of DealCloud since June of 2017,” said Ben Harrison, President of Financial Services at DealCloud, an Intapp company. “We’ve found DealCloud can truly be a platform to help support building out a franchise and integrating acquisitions. At DealCloud, we have a lot of experience supporting our clients in growing their deployments as they complete acquisitions and bring on new bankers. We’re very excited to continue to work with our partners at Fifth Third as they complete the acquisition.”
Read the full press release here.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Dec. 31, 2020, Fifth Third had $205 billion in assets and operated 1,134 full-service banking centers and 2,397 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Dec. 31, 2020, had $434 billion in assets under care, of which it managed $54 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.
About Fifth Third Capital Markets
Fifth Third Capital Markets is the marketing name under which Fifth Third Bank, National Association, and its subsidiary, Fifth Third Securities, Inc., provide certain securities and investment banking products and services. Fifth Third Capital Markets offers investment banking++, debt capital markets+, bond capital markets++, equity capital markets++, financial risk management+, and fixed income sales and trading++. Fifth Third Bank, National Association, provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Coker Capital is a division of Fifth Third Securities. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA / SIPC, a registered broker-dealer and registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training.
Securities and investments offered through Fifth Third Securities, Inc.:
|Are Not FDIC Insured||Offer No Bank Guarantee||May Lose Value|
|Are Not Insured By Any Federal Government Agency||Are Not A Deposit|
+ Services and activities offered through Fifth Third Bank, National Association.
About Hammond Hanlon Camp LLC (“H2C”)
Hammond Hanlon Camp, LLC is a wholly owned subsidiary of Fifth Third Acquisition Holdings, LLC and an indirect subsidiary of Fifth Third Bank, National Association. Fifth Third Bank, National Association is engaged in a broad range of financial and securities activities.