Mary Tuuk
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President, Fifth Third Bank, Western Michigan
Grand Rapids
Having been with the company since the Old Kent Bank days, Tuuk served as Fifth Third’s chief risk officer before being named to her current position in 2011.
“I expect 2012 to be marked by steady, modest economic recovery for the state of Michigan. For the industry, I anticipate continued downward trending of credit losses. Due to changes in Washington and impending legislation, the banking industry will continue to change and adapt. Although the overall financial services operating environment is becoming more complex, our company is well-positioned for the future. Our strength has allowed Fifth Third to seek partnerships with business and government to fuel economic recovery. The issues in Europe could cause a slowdown in the overall pace of economic recovery in the United States. We will not be deterred by any remaining economic challenges, and we will not stop lending. We have and will continue to extend capital to qualified business and consumer borrowers.”