Fifth Third Bancorp Increases Its Prime Rate to 3.75 Percent
December 14 2016 - 5:19PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) announced that it is
increasing its prime lending rate from 3.5 percent to 3.75 percent,
effective immediately.
The rate was last changed on Dec. 16, 2015, when Fifth Third
increased its prime rate from 3.25 percent to 3.5 percent.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of September 30, 2016, the
Company had $143 billion in assets and operates 1,191 full-service
Banking Centers, including 94 Bank Mart® locations, most open seven
days a week, inside select grocery stores and 2,497 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 an
18.3% interest in Vantiv Holding, LLC. Fifth Third is among the
largest money managers in the Midwest and, as of September 30,
2016, had $314 billion in assets under care, of which it managed
$27 billion for individuals, corporations and not-for-profit
organizations. 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
Bank was established in 1858. Member FDIC, Equal Housing Lender
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version on businesswire.com: http://www.businesswire.com/news/home/20161214006261/en/
Fifth Third BancorpLaura Trujillo,
513-534-4361Laura.trujillo@53.com
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