FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Fifth Third Integrates Celtic Commercial Finance, LaSalle Leasing as Fifth Third Technology Finance

June 22, 2022, 07:22 AM
Filed Under: Industry News

Fifth Third Bank, National Association, is deepening its commitment to customized leasing and financing solutions by integrating Celtic Commercial Finance and LaSalle Leasing as Fifth Third Technology Finance.

Part of Fifth Third’s Equipment Finance Group, Fifth Third Technology Finance focuses on helping companies acquire, finance, maintain and replace information technology and material handling equipment through customized leasing programs and helping them efficiently track the lifecycle process with an industry leading cloud-based toolkit.

Fifth Third is a top 10 equipment finance company. Today, Fifth Third’s Equipment Finance Group comprises a dedicated team of more than 140 across the U.S. More than one-third of members support four specialty channels: core equipment, technology finance, capital markets and renewable energy. As of 2021, its total assets were $6.7 billion and new business volume was $2.9 billion.

“With the integration of Celtic Commercial Finance and LaSalle Leasing as Fifth Third Technology Finance, we are one business, one brand and one team of dedicated professionals,” said Tom Partridge Fifth Third Bank Executive Vice President and Head of Commercial Specialty Finance Products. “This focus is key for our clients. We know they continue to face supply chain challenges, inflationary pressures and continued economic uncertainty.”

Celtic Commercial Finance and LaSalle Leasing became divisions of Fifth Third Bank in 2019 as part of the merger between Fifth Third’s parent Fifth Third Bancorp and MB Financial, Inc.

“Fifth Third’s Commercial Bank clients can rely on the Equipment Finance Group team to be the most knowledgeable, to add value and deliver deep domain expertise,” said David Drury, Fifth Third Bank Senior Vice President and Equipment Finance Group Head. “Fifth Third Equipment Finance’s core equipment finance team, together with the technology finance unit delivers the solutions, systems, processing and customer service to bring greater wholistic value and help our customers achieve the financing solution that’s right for their equipment needs.”

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, OH, and the indirect parent company of Fifth Third Bank, National Association. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.