Fifth Third Bancorp Repurchases Warrant From U.S. Department of Treasury

Fifth Third Bancorp FITB announced that it has repurchased the warrant issued to the U.S. Department of Treasury under the TARP Capital Purchase Program. The warrant gave the right to purchase 43,617,747 shares of Fifth Third Bancorp common stock at $11.72 per share. Fifth Third Bancorp and the U.S. Department of Treasury agreed upon a repurchase price of approximately $280.0 million for the warrant. U.S. Department of Treasury no longer holds any securities of Fifth Third Bancorp under the TARP Capital Purchase Program.