Fifth Third names new market president over Cincinnati-Dayton

Fifth Third Bank on Thursday named a new market president overseeing the company’s commercial, retail, mortgage and investment businesses in Greater Cincinnati, Dayton and Northern Kentucky.

Timothy Elsbrock fills the newly created position effective immediately, according to the Cincinnati-based banking company. Elsbrock will continue to report to Mike Michael, the president of the region for the bank.

As market president, Elsbrock is assuming day-to-day responsibility for the various business lines and be even more engaged than he already is in the community, according to Fifth Third spokesman Jeff Kursman.

Doug Compton will continue in his role as Fifth Third’s Dayton city executive and commercial middle market team leader. In addition to leading the bank’s team of Greater Dayton/Springfield/Lima commercial client relationship managers, he leads Fifth Third’s community engagement efforts within the Dayton market, Kursman said.

Elsbrock has 29 years of industry experience, all with Fifth Third, having joined the bank in 1986. Most recently, he led Investment Advisors for the affiliate, including the Private Bank, in the role of senior vice president.

“This is a terrific opportunity to further build our customer base and strength in the Cincinnati market,” Elsbrock said in a written statement.

In addition to this change, Fifth Third announced that Kimberly Halbauer, director of Private Banking, was named the Investment Advisors executive, replacing Elsbrock.

Fifth Third is Ohio’s largest bank by deposits held, according to the Federal Deposit Insurance Corp. It operates a 12-state footprint.

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