Fifth Third Bancorp Increases Its Prime Rate to 4 Percent
March 15 2017 - 3:19PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) announced that it is
increasing its prime lending rate from 3.75 percent to 4 percent,
effective immediately.
The rate was last changed on Dec. 14, 2016, when Fifth Third
increased its prime rate from 3.50 percent to 3.75 percent.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of Dec. 31, 2016, the Company
had $142 billion in assets and operated 1,191 full-service Banking
Centers, including 94 Bank Mart® locations, most open seven days a
week, inside select grocery stores and 2,495 ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Wealth & Asset Management. As of Dec. 31, 2016,
Fifth Third also had a 17.9 percent interest in Vantiv Holding,
LLC. Fifth Third is among the largest money managers in the Midwest
and, as of Dec. 31, 2016, had $315 billion in assets under care, of
which it managed $31 billion for individuals, corporations and
not-for-profit organizations. 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, Equal
Housing Lender
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version on businesswire.com: http://www.businesswire.com/news/home/20170315006446/en/
Fifth Third BancorpLaura Trujillo,
513-534-4361Laura.trujillo@53.com
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