Fifth Third Bank announced that Matt Sargent will lead its new Wholesale Deposits and Financial Solutions group, which will serve specialized middle market and corporate clients.
The bank said Sargent will be responsible for establishing its commercial deposit strategy and building a team of specialists to provide liquidity and treasury management solutions for companies such as not-for-profit organizations, property management, and title/escrow agencies. He will report to Tom Heiks, Fifth Third’s executive vice president and head of middle market banking.
“Matt has a wealth of knowledge and deep relationships within these specialized industry sectors,” Heiks said in a release. “He is a proven leader and I look forward to the value he’ll bring in establishing the dedicated wholesale deposits and financial services group at Fifth Third.”
Sargent has nearly 30 years of banking and finance experience. He spent the last 11 years with U.S. Bank, most recently serving as head of commercial deposit and payment solutions.