Fifth Third Bancorp Receives No Objection From Regulators to Common Stock Dividend Increase

Fifth Third Bancorp FITB announced today that the Board of Governors of the Federal Reserve System did not object to the proposed capital actions in its capital plan, which included an increase in the quarterly common stock dividend in the first quarter of 2011 and the possible future redemption of certain trust preferred securities. The board of directors is expected to consider the dividend matter at its next scheduled meeting on Tuesday, March 22, 2011.

Fifth Third submitted the capital plan, approved by its board of directors, to the Federal Reserve as part of the Comprehensive Capital Analysis and Review of the 19 bank holding companies that participated in the Supervisory Capital Assessment Program.