Fifth Third Bancorp (FITB) announced that Fifth Third Bank South Florida will assume approximately $250 million of deposits, including all uninsured deposits, from the Federal Deposit Insurance Corporation acting as receiver for Bradenton-based Freedom Bank.
The transaction will give Fifth Third approximately $675 million in deposits in the Bradenton-Sarasota-Venice Metropolitan Statistical Area.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.