Fifth Third Redeems $3.4B U.S. Treasury Investment

Fifth Third Bancorp FITB today announced that it has completed the repurchase of all 136,320 shares of its Series F Preferred Stock, originally issued in December 2008 under the U.S. Department of the Treasury's Troubled Asset Relief Program's (TARP) Capital Purchase Program (CPP). Fifth Third funded the repurchase of the $3.4 billion of preferred stock with proceeds from its recent equity and debt offerings, as well as from available resources.