November 12, 2009
CTI Clinical Trial and Consulting Services (CTI) is pleased to announce an expanded banking relationship with Fifth Third Bank. After discussions with national, regional, and local financial institutions, CTI chose to continue its long standing relationship with Fifth Third Bank to provide working and growth capital, as well as Treasury Management and International Services to support their business.
“CTI has experienced considerable growth over the years, not only in our service offerings and client base, but in US office locations and international presence”, says Maria Marsh, Vice President and Chief Financial Officer. “We need a financial institution which can provide additional services and support as we enter new phases of our development. Fifth Third Bank has been able to demonstrate that they can expand CTI’s banking platform to meet our needs.”
Not only does Fifth Third Bank continue to hold business accounts for CTI, but other services continue to be expanded, such as commercial investments, corporate credit card platforms, on-line financial management, international desk activities, and a working capital line of credit with a capacity that has tripled this year.
“Fifth Third Bank is proud of our long-standing relationship with CTI Clinical Trial and Consulting Services,” states Thomas J. Schiller, senior vice president of Commercial Banking at Fifth Third Bank, Greater Cincinnati. “In the first eight months of 2009, Fifth Third Bank has made more than $50 billion in loans to qualified consumer, small business and commercial customers. We remain committed to extending credit to qualified borrowers and continue to be impressed with CTI’s market position, management team, and prospects for future growth.”
This continued financial and banking relationship is effective immediately.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $111 billion in assets, operates 16 affiliates with 1,306 full-service Banking Centers, including 100 Bank Mart® locations open seven days a week inside select grocery stores and 2,372 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2009, has $184 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB."