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Thursday, October 21, 2021

Bellevue Among Nine Cities to Lose Fifth Third Bank Branch

The Bellevue branch of Fifth Third Bank, located at 240 Fairfield Avenue, is slated to close. An exact date has not been set.

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The Bellevue branch of Fifth Third Bank, located at 240 Fairfield Avenue, is one of four Northern Kentucky branches and a total of nine in the Greater Cincinnati area that will be shut down, according to a recent announcement by the company.

Fifth Third is the ninth-largest consumer bank in the country and is the largest locally based bank in our area. According to an announcement, the company is closing 43 current branches, including seven in Kentucky and 19 in Ohio.

 

 

The move involves the most branches Fifth Third has ever closed at one time, company spokesperson Ed Loyd told the Cincinnati Business Courier.

The three other branches listed to close in Northern Kentucky are 3158 Dixie Highway in Erlanger, 7911 U.S. 42 in Florence and 5002 Old Taylor Mill Road in Taylor Mill. Other Greater Cincinnati branches to close include those in Delhi Township, Springfield Township, Union Township, Middletown and Spring Grove Village.

With the exception of Bellevue, Florence and Taylor Mill branches, the other closures involve branches within Kroger stores.

The closures represent a shift in geographic focus for the bank, which is also expected to open 30 branches in the coming year, mostly in the Southeast.

Loyd added that employees of the Greater Cincinnati branches will be relocated to other branches in the area. Customers of the branches have been notified.

According to a Courier, a review of Federal Deposit Insurance Corp. data indicates the bank had 113 branches in our area as of June 30, 2021. Even after the closings, it will have the most local branches of any bank in the area. Fifth Third operates 1,096 branches throughout the Midwest and Southeast.

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