Fifth Third president: 'We'll pay the right price' for Mid-South acquisitions

Don't be surprised if Fifth Third Bancorp soon muscles its way into the regional mergers-and-acquisitions scene. President Greg Carmichael told the Business Courier in Fifth Third's hometown of Cincinnati that his team will be a buyer in the faster-growing Mid-South markets it has entered in the past decade. Last summer, Fifth Third ranked eighth in deposit market share in the Nashville MSA.

“We’ll be really thoughtful in how we expand,” Carmichael told me in an hour-long interview Monday at Fifth Third’s downtown headquarters. “We’re not really interested in getting into new markets. Our expansion objective is to get bigger in markets where we’re not in the top three or four.”