Fifth Third eliminating city president position, shifting focus in Jacksonville

James Crichlow

Nathaniel Herring

Fifth Third Bancorp is eliminating the position of city president in Jacksonville and is shifting its focus in the North Florida market to include a stronger emphasis on commercial banking.

Reagan Rick, the president and CEO of Fifth Third in Central and North Florida, said that the top local executive position is being eliminated for now, but that it is possible that a commercial president might be appointed in the area in the future. Jacksonville City President Nathaniel Herring will remain in the role until the spring, but Rick said it is not yet known if he will stay with the company in another market.

?We like Nathaniel,? Rick said. ?We?ll see what works for him.?

Herring is a Jacksonville native and has been involved in a number of philanthropic efforts and community organizations since becoming city president in 2008.

?I am at a really unique crossroads working through a dilemma to determine if my passion and interests to stay part of the North Florida business community are equal to, or greater than, my passion to move forward with Fifth Third Bank in other markets,? Herring said.

Rick said that although the bank will continue to focus on all areas of business in Jacksonville, the changes are happening in part because of the strong growth the company has seen in commercial banking both in Jacksonville and system wide, and the opportunities that are still available in the area.

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Source: http://feedproxy.google.com/~r/bizj_jacksonville/~3/6_5JKriR-Do/fifth-third-eliminating-city-president.html

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