Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-The State of Ohio helped overcome competition by neighboring Indiana and Kentucky by granting Cincinnati-based Fifth Third Bank a 60% tax credit over 10 years for its planned $44.2-million, 598,500-sf back office and customer service facility.

The facility will locate in Madisonville, OH, just north of Cincinnati. Fifth Third spokeswoman Stacie Haas tells GlobeSt.com, “We haven’t closed on the property yet. We’re awaiting City approval.” Nevertheless, she said that negotiations are expected to conclude by the end of this month.

“Plans call for beginning construction and renovation on the property in May 2003, and occupancy in February 2004,” she noted. The facility is expected to employ 500.

Fifth Third is Ohio’s second-largest bank and an affiliate of Fifth Third Bancorp, also based in Cincinnati, which operates about 1,000 banking centers in eight states. It has assets in excess of $75 billion.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.