Tim Spence

And I always said to our board, if I didn't feel comfortable with the CEO and didn't feel like their character was someone that I felt like we could do business with, it wasn't going to go any further than that.

And I knew Tim Spence, the CEO of Fifth Third.

I'd gotten to know him through a couple of industry things that we were involved in.

And I felt like he sort of represented the same values I did.

So financial services companies most at risk from artificial intelligence related deposit disruption are those with price oriented value propositions.

Fifth Third Bancorp Chairman, CEO and President Tim Spence said during a third quarter earnings call.

deposit gatherers that rely on price as a differentiator, such as online-only banks with wealth platforms, are in a worse-off position than banks with built-out distribution networks, valuable products, and deep relationships, he says.

Interesting.

So what do you say to that?

Yeah, I think zooming out, you borrow the football analogy, you know, we had Tim Spence on the podcast, and he talked about this shift from player to coach to GM.

And how we need to individually think about that in our own leadership of the roles that we need to play and how those are different roles on a team.

And I would borrow that analogy.

And so that was Ben Navarro, Austin McCones, who was a successful exited founder, built a business here in the low country.

Tim Spence is the CEO of Fifth Third and Bud Watts, who runs Meeting Street Capital.

So really diverse mix of people on the stage.

And Ben led a discussion around what does it take to be successful as a founder and as an entrepreneur? what are some of the pitfalls, what is important and just getting that lens of perspective from that audience was, I think, really engaging.

They're implementing better funding.

And the CEO, Tim Spence, is the best of the next generation.

Okay.

And Citi is still your best bet.

Yeah, case in point, Fifth Third is moving 600 workers from Cincinnati suburbs to downtown.

It signed a long term lease for three floors in Columbia Plaza totaling 60,000 square feet and is part of Tim Spence, their CEO's commitment to the downtown Cincinnati area.

And they want to see an energized downtown.

They want to be part of that activity.

Yeah.

Tim Spence, um, obviously the, the CEO, and Kala Gibson, um, leadership at Fifth Third, are both extraordinary leaders.

Tim, um, in particular just cares so deeply about not just the city, but specifically the urban core.

Um, and you know, a lot of, a lot of cities across the country, even big cities like, like Denver-

... with no one being downtown.

Downtown, yeah.

And because of commitments from incredible corporate leaders like Tim Spence at Fifth Third, and this is the second time he's brought people downtown.

Mm-hmm, yeah.