CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) announced today that Susan B. Zaunbrecher is the bank’s new chief legal officer and corporate secretary, effective immediately. Zaunbrecher joined the bank as senior legal advisor last month to succeed Jelena McWilliams, who was confirmed today to lead the Federal Deposit Insurance Corp.
Zaunbrecher most recently served as partner and chair of the corporate department at Dinsmore & Shohl LLP. She oversaw one of the largest law firm corporate groups in the Midwest, with nearly 200 lawyers. She also sat on the firm’s board of directors and executive committee.
Zaunbrecher will report to Chairman, President and CEO Greg D. Carmichael. Her responsibilities will include overseeing Fifth Third’s Legal, Government Affairs and Regulatory Affairs departments.
“We are thrilled for Susan to lead our legal team. She brings more than three decades of legal expertise and will be a tremendous addition to the executive leadership team at Fifth Third Bank,” Carmichael said. “In addition to her extensive background in financial services and regulatory affairs, she understands the power of a positive client experience. This makes her a great fit for Fifth Third.”
Carmichael added, “We’re sad to see Jelena go, but this is a great opportunity to lead an important agency, one that maintains the stability and public confidence in our nation’s financial system. We’re thankful for Jelena’s many contributions to Fifth Third, leading our legal division and providing valuable counsel to me, our executive team and our board. With her skill, work ethic, intellect and vast experience, I know Jelena will do an excellent job leading the FDIC.”
Zaunbrecher joined Dinsmore in 1990. There, she provided counsel on transactions, mergers and acquisitions, compliance matters and securities law. Her clients were primarily financial institutions and also included public and private manufacturing and service companies.
Zaunbrecher earned her law degree from the University Of Cincinnati College Of Law, where she served on the Law Review editorial board. She earned a bachelor’s degree from Newcomb College of Tulane University. She is a member of the Ohio Bar Association and is active with numerous civic and professional organizations, including the Cincinnati Bar Association, UC Economic Center for Education and Research, United Way Tocqueville Society, Cincinnati Playhouse in the Park and Cincinnati ArtsWave.
“It’s an exciting time to join Fifth Third,” Zaunbrecher said, “and I look forward to making immediate contributions to the team.”
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2018, the Company had $142 billion in assets and operated 1,153 full-service Banking Centers and 2,459 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to more than 54,000 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 March 31, 2018, had $363 billion in assets under care, of which it managed $37 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. Member FDIC.