- Current report filing (8-K)
May 18 2011 - 11:29AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF
1934
Date of report (Date of earliest event reported): May 16, 2011
(Exact Name of Registrant as Specified in Its Charter)
OHIO
(State or Other Jurisdiction
of Incorporation)
|
|
|
001-33653
|
|
31-0854434
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
|
|
Fifth Third Center
38 Fountain Square Plaza, Cincinnati, Ohio
|
|
45263
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
(800)
972-3030
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Fifth Third Bancorp (the
Company) has submitted redemption notices to the trustee to redeem the trust preferred securities related to each trust listed below, which will result in the redemption of the securities identified below on the date specified for each
security. Under applicable regulatory capital guidelines issued by bank regulatory agencies, upon notice of redemption, the trust preferred securities will no longer qualify as Tier 1 capital for the Company. As previously announced by the Company
on March 18, 2011, the Federal Reserve Board did not object to the potential redemption of certain such securities as proposed potential capital actions in the Companys capital plan submitted under the Federal Reserves Comprehensive
Capital Analysis and Review. The redemptions will be funded with excess cash currently available to the Company.
|
|
|
|
|
|
|
|
|
Trust
|
|
Security
|
|
Principal Amount
|
|
|
Redemption date
|
|
|
|
|
Fifth Third
Capital Trust VII
|
|
8.875%
Trust Preferred Securities
|
|
$
|
400,000,000
|
|
|
6/15/2011
|
|
|
|
|
First National Bankshares
Statutory Trust I
|
|
Floating Rate
Capital Securities
|
|
$
|
40,000,000
|
|
|
6/30/2011
|
|
|
|
|
R&G
Capital Trust II, LLT
|
|
Floating Rate
Capital Securities
|
|
$
|
10,000,000
|
|
|
6/26/2011
|
Additional details relating to
the redemption of Fifth Third Capital Trust VII: The cash redemption price for the trust preferred securities is $25, plus accrued and unpaid distributions to the redemption date of $.1848958 per security. Information pertaining to the redemption or
paying agent for Fifth Third Capital Trust VII is as follows:
Wilmington Trust
1100 N. Market Street
Mail Drop 1615
Wilmington, DE 19890
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
FIFTH THIRD BANCORP
|
|
|
(Registrant)
|
|
|
May 18, 2011
|
|
/s/ Daniel T. Poston
|
|
|
Daniel T. Poston
|
|
|
Executive Vice President and
|
|
|
Chief Financial Officer
|
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From May 2024 to Jun 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Jun 2023 to Jun 2024