Fifth Third lands in Teterboro the same week it closes its Fannie Mae DUS acquisition

Fifth Third flew from Cincinnati Municipal Airport Lunken Field to Teterboro Airport on May 26, 2026, a 78-minute hop aboard its Bombardier Challenger 300, tail N167FT.

The trip lands the bank in the New York area the same week Fifth Third officially closed its acquisition of Mechanics Bank’s Fannie Mae Delegated Underwriting and Servicing (DUS) business, a move that makes it one of only 24 lenders authorized by Fannie Mae to originate, underwrite, close, and service multifamily loans nationwide, per a Business Wire release. The acquisition includes a $1.8 billion servicing portfolio and an experienced lending team, and positions the bank to address what a U.S. Chamber of Commerce report called a severe shortage of over 4.7 million homes.

The New York visit is a departure from Fifth Third's recent pattern: earlier this month, the Challenger 300 traveled between Cincinnati and the Washington, D.C. area on May 5 and again on May 6. This week's trip aligns squarely with the bank's push to shore up its commercial real estate leadership in the populous Northeast corridor, a region where multifamily demand remains acute.