Fifth Third Bancorp (NASDAQ: FITB) today announced that Fifth Third Bank
has submitted a redemption notice to the issuing and paying agent for
redemption of all of the outstanding 2.15% fixed rate senior notes due
August 20, 2018 (CUSIP 31677QBD0) issued in the principal amount of $1
billion and all of the outstanding floating rate senior notes due August
20, 2018 (CUSIP 31677QBE8) issued in the principal amount of $250
million by Fifth Third Bank. The notes will be redeemed on July 20,
2018, pursuant to their terms and conditions for an amount equal to 100%
of the principal amount plus accrued and unpaid interest to, but
excluding, the redemption date.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2018, the Company had
$142 billion in assets and operates 1,153 full-service Banking Centers,
and 2,459 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina.
In total, Fifth Third provides its customers with access to more than
54,000 fee-free ATMs across the United States. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer Lending,
and Wealth & Asset Management. Fifth Third is among the largest money
managers in the Midwest and, as of March 31, 2018, had $363 billion in
assets under care, of which it managed $37 billion for individuals,
corporations and not-for-profit organizations through its Trust and
Registered Investment Advisory businesses. Investor
information and press
releases can be viewed at www.53.com.
Fifth Third’s common stock is traded on the NASDAQ® Global Select Market
under the symbol “FITB.”
Fifth Third Bancorp
Investors:
Sameer Gokhale, 513-534-2219
or
Media:
Larry Magnesen, 513-534-8055