Thursday, September 25, 2003

Memo quashes rumor 5/3 leaving

By Gregory Korte
The Cincinnati Enquirer

Rumors that Fifth Third Bancorp is leaving Cincinnati for Milwaukee are not true.

That was the crux of a memo from City Manager Valerie Lemmie to Mayor Charlie Luken and City Council this week.

No one had heard the rumor until the city manager's office started denying it.

Fifth Third Bank spokeswoman Stacie Haas said she had "no idea" where the rumor came from and hadn't heard it herself until Assistant City Manager Deborah C. Holston called to see if it was true. The bank has had its headquarters in Cincinnati for 145 years and has no plans to leave, Haas said.

The city thinks the rumor might have started when Fifth Third announced a five-year lease on 21,250 square feet of office space in Milwaukee for its Fifth Third Processing Solutions division.

The bank's local processing center is more than 200,000 square feet.


End of oversight in sight
Memo quashes rumor 5/3 leaving
OPEC decides to cut oil output by 3.5%
Minority enterprise spawned for OTR
Private labels prove profitable
Engineered Environments acquired
Ohio steel production up; gas, scrap costs eat gains
Tristate summary
Business digest
Morning memo
What's the buzz?