Fifth Third Bancorp Increases Its Prime Lending Rate to 5 Percent
June 13 2018 - 3:40PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) announced that it is
increasing its prime lending rate to 5 percent, effective
immediately.
The rate was last changed on March 21, 2018 when Fifth Third
increased its prime lending rate from 4.5 percent to 4.75
percent.
About Fifth Third
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 operated 1,153 full-service
Banking Centers and 2,459 ATMs with Fifth Third branding 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 Bank was established in 1858.
Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20180613006152/en/
Fifth Third BancorpLaura Trujillo, 513-534-NEWS
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