Fifth Third Bancorp Announces First Quarter 2010 Dividends

CINCINNATI, March 16 /PRNewswire-FirstCall/ -- Fifth Third Bancorp today declared its first quarter 2010 cash dividends on its common shares, Series G preferred shares and Series F preferred shares.

Fifth Third declared a first quarter 2010 cash dividend on its common shares (Nasdaq: FITB) of $0.01. The cash dividend is payable on April 22, 2010 to shareholders of record as of March 31, 2010.

Fifth Third also declared a first quarter cash dividend on its 8.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series G, at the rate of $531.25 per share, which equates to approximately $2.125 for each depositary share. Each depositary share represents a 1/250th ownership interest in a share of Series G Preferred Stock (Nasdaq: FITBP). The Series G dividend is payable on March 31, 2010 to shareholders of record as of March 26, 2010.

Fifth Third also declared a cash dividend on its Fixed-Rate Cumulative Perpetual Preferred Stock, Series F, at the rate of $312.50 per share. The Series F dividend is payable on March 31, 2010 to the shareholder of record as of March 15, 2010.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $113 billion in assets, operates 16 affiliates with 1,309 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,363 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2009, has $187 billion in assets under care, of which it managed $25 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® National Global Select Market under the symbol "FITB."

SOURCE Fifth Third Bancorp

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