Fifth Third Bank has agreed to sell its retail operation, including its retail accounts, certain private banking deposits and related loan relationships in the St. Louis MSA to Great Southern Bank.
The sale is part of the bank’s broader branch consolidation plans announced in June 2015.
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However, the bank will continue to offer wholesale and institutional services in St. Louis market after the completion of the sale.
The transaction, which is subject to regulatory review and approval, is expected to close in early 2016.
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