Fifth Third board member buys $1.3M worth of stock after plunge

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A Fifth Third Bancorp board member spent than a million dollars to buy shares of the Cincinnati-based banking services company cheaply, then got even cheaper as concerns about the of the banking sector continued to mount.

After the stock declined a of 9.9% on March 9-10 as the failures of SVB Financial Group’s Silicon Valley Bank and Signature Bank went public, director Gary Hemminger stepped in on March 13 to spend $1.27 million to buy . 47,500 shares.


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