Fifth Third Issues Statement on Temporary Network Outage

Date : 12/06/2019 @ 11:36PM
Source : Business Wire
Stock : Fifth Third Bancorp (FITB)
Quote : 15.085  1.645 (12.24%) @ 5:10PM

Fifth Third Issues Statement on Temporary Network Outage

Fifth Third Bancorp (NASDAQ:FITB)
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6 Months : From Oct 2019 to Apr 2020

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Fifth Third Bank, National Association, today issued the following statement related to a temporary network outage this afternoon:

“Earlier today we experienced a temporary outage with our network connectivity. The issue involved a simultaneous failure in both the primary system and a backup which impacted our ability to provide normal levels of service to customers. We worked closely with Cisco Systems to identify the issue and restore service. We are deeply sorry for the inconvenience and will make every effort to make things right for our customers who were affected.”

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of September 30, 2019, Fifth Third had $171 billion in assets and operated 1,143 full-service banking centers and 2,487 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 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, 2019, had $397 billion in assets under care, of which it managed $46 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. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.

Gary Rhodes (Media Relations) Gary.rhodes@53.com | 513-534-4225 Chris Doll (Investor Relations) Christopher.Doll@53.com | 513-534-2345

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