Michelle Van Dyke, regional president of Fifth Third Bank, has announced that Fifth Third’s longtime St. Louis market president and CEO, Tom Welch, has been named president and CEO of Fifth Third Bank, Western Michigan, replacing Mary Tuuk.
Tuuk was recently promoted to board secretary and executive vice president for corporate services for Fifth Third Bancorp at its headquarters in Cincinnati.
Welch has served as president and CEO of the St. Louis territory since 2006 and held roles of increasing responsibility over his 20-year career with Fifth Third.
In seven years, under Welch’s management, the bank’s business in St. Louis has grown substantially, and it opened 17 new banking centers.
“It is exciting that Tom has agreed to take on this new challenge, leading one of the bank’s largest markets," Van Dyke said. "He will bring his expertise and leadership to this new role for the benefit of both the bank and the community."
Welch has been active in civic affairs and will continue that in Grand Rapids.
Currently, he serves on the board of governors for the Cardinal Glennon Children’s Foundation, supporting a nationally recognized children’s hospital. He also is on the board of the St. Louis Zoo, the Greater St. Louis Area Council for Boy Scouts of America and several other organizations.
Welch holds a bachelor’s degree in economics from Northwestern University.
Fifth Third Bancorp has $121 billion in assets and operates 18 affiliates with 1,325 full-service banking centers, including 104 locations in select grocery stores, plus 2,440 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina.
It was established in 1858.