Exhibit 99.1
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| | | | News Release |
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| CONTACT: | | Sameer Gokhale (Investors) | | FOR IMMEDIATE RELEASE |
| | (513)534-2219 | | March 9, 2017 |
| | Larry Magnesen (Media) | | |
| | (513)534-8055 | | |
Fifth Third Bancorp Announces Redemption of Senior Bank
Notes due June 1, 2017
Cincinnati– 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 1.35% fixed rate senior notes due June 1, 2017 (CUSIP 31677QBA6) issued in the principal amount of $650 million. The notes will be redeemed on May 2, 2017, 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 December 31, 2016, the Company had $142 billion in assets and operates 1,191 full-service Banking Centers, and 2,495 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third also has a 17.9% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2016, had $315 billion in assets under care, of which it managed $31 billion for individuals, corporations andnot-for-profit organizations through its Trust and Brokerage businesses.Investor information andpress releases can be viewed atwww.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.”
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