Fifth Third Increases Its Prime Lending Rate to 5.5 Percent
December 19 2018 - 2:49PM
Business Wire
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.”
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version on businesswire.com: https://www.businesswire.com/news/home/20181219005728/en/
Chris Doll (Investors) 513-534-2345 Larry
Magnesen (Media) 513-534-8055
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