Fifth Third remains committed to its commercial coverage in Pittsburgh, as well as its wealth management, institutional services and mortgage origination activities in the market after the completion of the sale. Fifth Third operates commercial banking activities in a number of markets where it does not have a retail branch network.
Deutsche Bank Securities acted as exclusive financial advisor and Debevoise & Plimpton LLP served as legal counsel to Fifth Third Bank. RBC Capital Markets acted as exclusive financial advisor and Reed Smith LLP served as legal counsel to First National Bank of Pennsylvania.
