Fifth Third Bank to open new branch in Huntsville

Cincinnati-based Fifth Third Bank is entering the Alabama market, and in doing so plans to open a new branch here in the Rocket City. This expansion into Huntsville is part of the bank’s plan to open 15 new Alabama branches in the next three years.

Here’s what to know:

Fifth Third Bank coming to Huntsville

5db63666 f445 4f06 a7b6 8b8333d5dd6a — The Midwest-based bank is making a significant move into the Southeast. (“Fifth Third Bank” by Krista76 is licensed under CC BY-NC-SA 2.0)

Fifth Third’s strategic expansion in the Southeast, now in its eighth year, originally focused on Tennessee, Georgia, the Carolinas and Florida, and now includes Alabama.

The bank opened an office in Birmingham in July of 2024, but the first Alabama branch will be here in Huntsville. Ultimately, according to company officials, the bank wants to open as many as 10 branches in the Huntsville area alone.

The first Alabama location will be at 5903 University Dr NW, Huntsville, AL 35806.

“The state of Alabama is an extremely attractive and important region for us. Our long-term growth plan includes attracting and retaining talent who understand Birmingham’s unique market landscape within the Commercial and Private Bank divisions so we can meet our clients’ needs today, and in the future.”

Randy Koporc, regional president for Fifth Third in Georgia and Alabama

According to the Birmingham Business Journal, Fifth Third applied on Feb. 27 to open the Huntsville branch, with the goal to have multiple locations open in the next year.

The bank will likely hire up to 80 new employees for in-branch roles, asset management roles, mortgage delivery roles and support roles.

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