Fifth Third Increases Its Prime Lending Rate to 5.5 Percent

Business Wire 19-Dec-2018 2:50 PM

Fifth Third Bancorp (NASDAQ:FITB) announced that it is increasing its prime lending rate to 5.5 percent, effective immediately.

The rate was last changed on September 26, 2018 when Fifth Third increased its prime lending rate from 5 to 5.25 percent.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of September 30, 2018, the Company had $142 billion in assets and operates 1,152 full-service Banking Centers, and 2,443 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 approximately 53,000 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 September 30, 2018, had $376 billion in assets under care, of which it managed $38 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."

View source version on businesswire.com: https://www.businesswire.com/news/home/20181219005728/en/