FNF Fidelity National Financial Inc

Fifth Third Signs Software Development Deal With Fidelity Information Services JACKSONVILLE, Fla., June 27 /PRNewswire-FirstCall/ -- Fidelity Information Services (Fidelity), a division of Fidelity National Financial, Inc. (NYSE:FNF), announced today that it has signed a multi-year application management and application development agreement with Fifth Third Bancorp (NASDAQ:FITB). The contract also includes upgrading the bank's Advanced Lending Solutions application to the current release. "After utilizing Fidelity software applications for years, the decision to use Fidelity's development services is a natural expansion of our partnership and one we look forward to cultivating," said Greg Carmichael, executive vice president of Fifth Third. "In addition to providing a smooth transition and building upon a solid and successful foundation with consistent expertise and knowledge, it is important for us to partner with the firm that has responsibility for the development and deployment of our software." Carmichael said additional factors in signing the agreement with Fidelity include the company's increased capacity to process a growing consumer loans portfolio including HELOCs, and the ability to satisfy customer demands for capability and timeliness without sacrificing Fifth Third's high-quality standards. "This agreement calls for strategic solutions wrapped around core applications that will enable Fifth Third greater flexibility in their use of capital, tighter regulatory compliance and expanded capacity," said Roger Leitner, president of Fidelity Information Services' Enterprise Banking Solutions division. "This is a significant win for us, and we appreciate the value the bank has placed in our team and solutions. We are looking forward to an expanded and successful relationship with Fifth Third to help the bank meet its objectives." Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $102.7 billion in assets, operates 17 affiliates with 1,097 full-service Banking Centers, including 129 Bank Mart(R) locations open seven days a week inside select grocery stores and 1,989 Jeanie(R) ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia and Pennsylvania. The financial strength of Fifth Third's Ohio and Michigan banks continues to be recognized by rating agencies with deposit ratings of AA- and Aa1 from Standard & Poor's and Moody's, respectively. Additionally, Fifth Third Bancorp continues to maintain among the highest short-term ratings available at A-1+ and Prime-1 and is recognized by Moody's with one of the highest senior debt ratings for any U.S. bank holding company of Aa2. Fifth Third operates four main businesses: Retail, Commercial, Investment Advisors and Fifth Third Processing Solutions. Investor information and press releases can be viewed at http://www.53.com/ . Fifth Third's common stock is traded through the Nasdaq(R) National Market System under the symbol "FITB." Member FDIC. Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF is the nation's largest title insurance company, with nearly 31 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U.S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the company to be different from those expressed or implied above. The company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the company's Form 10-K and other reports and filings with the Securities and Exchange Commission. DATASOURCE: Fidelity National Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, Fidelity National Financial, Inc., +1-904-854-8120, or , or Michelle Kersch, Senior Vice President, Corporate Communications, Fidelity Information Services, Inc., +1-904-854-5043, or Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/ http://www.53.com/

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