Fifth Third Bank

How'd You Get That Name?
The Creation of Fifth Third Bank

One hundred and fifty two years ago, on June 17, 1858, the Bank of the Ohio Valley opened its doors in Cincinnati with $25,000 in capital. We celebrate the anniversary this week by looking at the early institutions and circumstances that led to the creation of Fifth Third Bank.

In 1858, starting a bank was an event of great magnitude within the community, and banking was much different back then. Transactions were slowly and laboriously recorded by hand in large, heavy ledgers with beautiful entries of flourishing penmanship. All copies of letters were hand pressed. For light, they used oil lamps, which smoked endlessly, or gaslights, which blinked and waved disturbingly.

Optimistic Outlook for Housing, But Challenges Remain
By National Association of Home Builders, www.nahb.org, May 19, 2010

10 States to See Normalized Housing Production Numbers Within 18 Months

Economists participating in yesterday's NAHB Construction Forecast Conference Webinar agreed that the housing market is on the road to recovery, but cautioned that several factors could contribute to a bumpy ride in the coming months.

"Home buyer tax credits clearly did their job and got people back into the marketplace," said NAHB Chief Economist David Crowe, who also served as moderator of the two-hour webinar.

With the expiration of the tax credits in April, Crowe said the housing momentum is being carried forward by low interest rates, pent up household formations, stabilizing prices and budding employment growth.

Housing Market Comments
By Mark Fleming
Fifth Third Private Bank
Investment Strategy and Research

May's existing home sales, reported in June, decreased 2.2% vs April's numbers but increased 19% from April 2009. Sales were supported by the closing of tax credit eligible sales. We expect the pace of sales to moderate as the effects of the tax credit wear off and economic concerns slow hiring and job transfers.

• May's existing home sales decreased 2.2% MoM to 5.66 million units, according to the National Association of Realtors (NAR). The number of unsold homes declined 1.6% to 3.89 million homes.
• New home sales decreased 33% MoM to 300,000 homes, according to the Commerce Department. Inventories decreased 0.5% to 213,000.

Join the Positive Club
By Floyd Wickman, CSP, CPAE, NSA Hall of Fame

Recently, I was being interviewed for a radio talk show and I was asked to give my prognosis for the future of our economy. Of course, I'm not an economist but I do believe we could turn the economy around overnight if we wanted to. How? Simple. If someone started a Positive Club and EVERYBODY joined that's when positive changes will occur.

If we could create a way for everyone to talk positively about our country's future, the products and services we produce, the companies we work for and our lives we could really change the world, but first let's just start with our industry.

So, I'm going to start a Positive Club. It will be simple. Our mantra will be "We heard the economy is slow but we decided not to participate." There will be no fees, no dues, anyone can get in and there are only two rules.

Articles contained herein are reprinted with permission.

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The information contained is intended for the sole and exclusive use of the business entities to which it was distributed and is subject to change without notice. Loans are subject to credit review and approval. Fifth Third Mortgage Company, 38 Fountain Square Plaza, Cincinnati, OH 45263 an Illinois Residential Mortgage Licensee. Fifth Third Mortgage is the trade name used by Fifth Third Mortgage Company and Fifth Third Mortgage-MI, LLC. Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp. Member FDIC. Equal Housing Lender

Fifth Third Mortgage Company
38 Fountain Square Plaza
Cincinnati, OH 45263