Fifth Third Bancorp Announces Third Quarter 2010 Dividends

CINCINNATI, Sept. 21 /PRNewswire-FirstCall/ -- Fifth Third Bancorp today declared its third quarter 2010 cash dividends on its common shares, Series G preferred shares and Series F preferred shares.

Fifth Third declared a third quarter 2010 cash dividend on its common shares (Nasdaq: FITB) of $0.01. The cash dividend is payable on Thursday, October 21, 2010 to shareholders of record as of Thursday, September 30, 2010.

Fifth Third also declared a third 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 1/250^th ownership interest in a share of Series G Preferred Stock (Nasdaq: FITBP). The Series G dividend is payable on Thursday, September 30, 2010 to shareholders of record as of Friday, September 24, 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 Thursday, September 30, 2010 to the shareholder of record as of Wednesday, September 15, 2010.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2010, the Company has $112 billion in assets, operates 16 affiliates with 1,308 full-service Banking Centers, including 101 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,373 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 June 30, 2010, had $178 billion in assets under care, of which it managed $24 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(R) National Global Select Market under the symbol "FITB."

SOURCE Fifth Third Bancorp

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