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Executive vice president and chief credit officer of Fifth Third Bancorp ($18.40 0.11%), Bruce Lee, will resign his position at the end of the year for personal reasons, the company announced.
While Fifth Third looks for Lee’s replacement, senior vice president of structured finance Greg Schroeck, will hold interim responsibilities.
CEO Keith Kabat said Lee "made many contributions to Fifth Third in those roles, and previously as head of the Commercial line of business."
"While we are disappointed by his decision, we fully support Bruce’s desire to spend time with his family as he considers other personal and professional endeavors," he added.
Lee joined the company in 2011 when Fifth Third acquired Ohio-based Capital Bank. At Capital Bank, Lee served as executive vice president and senior loan officer. Since joining Fifth Third, Lee served in many leadership roles, including CEO of Fifth Third Bank and head of the Commercial Division for the Bank. In 2008, Lee founded Fifth Third’s Special Assets Group.
“The last few years have been the most challenging, demanding and rewarding of my 31-year career,” said Lee.