Aug
05

An Interview With Fifth Third Bank’s Wade King

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TELL ME ABOUT YOUR NEW ROLE WITH FIFTH THIRD BANK?

I am a Senior Relationship Manager for Commercial Real Estate, with responsibility for the State of South Carolina. My office is located in Greenville. Fifth Third Bank opened a loan production office in Greenville in 2011, focusing on commercial and C&I businesses. The office, started and led by Market President Charlie Arndt, has been a phenomenal success. I want to leverage that success and my relationship capital to expand Fifth Third Bank’s CRE presence in South Carolina.

While the bank has had success in South Carolina, for example, providing a $24 million hotel acquisition and redevelopment loan in Hilton Head and a $35 million student housing loan in Columbia, there has not been a dedicated CRE specialist responsible for and located in South Carolina. I have over 20 years of commercial real estate lending experience in South Carolina, most notably with Bank of America and NBSC (formerly The National Bank of South Carolina, a division of Synovus). I am looking to establish long term, banking relationships with South Carolina real estate developers and investors.

WHO IS FIFTH THIRD BANK?

Fifth Third Bank is a diversified financial services company and is among the most active lenders in the United States. Headquartered in Cincinnati, Ohio, the bank has more than $120 billion in assets and market capitalization in excess of $15 billion. The bank was founded in 1858 and the name Fifth Third was the result of the merger of Fifth National Bank and Third National Bank in 1908.

More specific to commercial real estate lending, the bank extended over $25 billion in credit to individuals, businesses, commercial real estate investors and developers in 2013. With an extremely strong balance sheet and focus CRE, Fifth Third Bank is committed to being the premier CRE lender in South Carolina.

WHAT TYPES OF COMMERCIAL REAL ESTATE LOANS ARE YOU MAKING?

We are looking at all CRE loan types from complex construction financing to specialized lending, as well as bridge financing to term debt. We have experience in all target classes including office, retail, medical office, industrial, multi-family, student housing, self-storage, and hospitality. Because of Fifth Third’s geographic footprint, we can follow our clients anywhere in the United States and given the size of the bank, we can do transactions of almost any size, including large syndications.

TELL ME SOMETHING ABOUT YOURSELF OR FIFTH THIRD BANK THAT SOMEONE MAY NOT KNOW?

I am a class of 2007 inductee into the University of South Carolina Athletic Hall of Fame (Swimming – 1989) and Charlie Ardt, South Carolina Market President, was just inducted into the 2014 class (Soccer – 1988). I don’t think there are any financial institutions in South Carolina with two University of South Carolina Hall of Fame athletes. Between Charlie and me, we have over 45+ years of banking experience, all of it in the State of South Carolina.

HOW CAN PEOPLE CONTACT YOU?

I can be reached by e-mail at wade.king@53.com or by phone at (864) 558-2480.

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