TAMPA — Brian Keenan resigned from his position as president and CEO of Fifth Third Bank's (symbol: FITB) Tampa Bay affiliate.
According to a source within the company, Keenan's resignation may be tied to the recent promotion of Karen Dee, Fifth Third's regional president for Florida as of late March.
Keenan officially joined Fifth Third at the beginning of 2005, when the Cincinnati-based bank acquired Naples-based First National Bankshares Inc. for $1.48 billion in stock.
Fifth Third manages $110 billion in assets through 1,310 banking locations, and earned $753 million in net income in 2010. The company's stock is down 10% so far in 2011.