Tim Spence serves as president and chief executive officer of Fifth Third Bancorp, one of the largest U.S.-based financial institutions. With assets of more than $200 billion*, Fifth Third is recognized for its corporate citizenship, financial performance and innovation. Fifth Third’s four main businesses are Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. It has approximately 20,000 employees*, banking centers across 11 states, and commercial and consumer lending presence across the U.S. Tim became Fifth Third’s CEO in July 2022 and was concurrently appointed to the Company’s Board of Directors. Prior to that he was named president in October 2020. He joined the Bank in 2015. Tim has spearheaded the Bank’s digital transformation efforts, including the acquisitions of Provide and Dividend Finance, and the development of the award-winning Fifth Third Momentum® Banking product. He also was integral in developing the bank’s North Star strategy to improve performance through business cycles. In 2018 he was named American Banker’s Digital Banker of the Year. Tim previously worked as a partner at the consulting firm Oliver Wyman and at two growth-stage technology businesses.
Tim earned a bachelor’s degree with high honors from Colgate University.
Tim is a member of the Bank Policy Institute, Ohio Business Roundtable, Cincinnati Business Committee, and Commercial and Commonwealth clubs of Cincinnati, and he’s a member of the supervisory board of The Clearing House. Tim also serves on the board of directors of the National Veterans Memorial and Museum Foundation and on the board of trustees of Cincinnati’s Xavier University.
Tim is a founding member of Fifth Third’s Enterprise Diversity Leadership Council, established in 2020
President and CEO
Fifth Third Bank