Fifth Third Bank

News Release

 

Fifth Third Bancorp Announces First Quarter 2009 Dividends

03/17/09

Fifth Third Bancorp today declared its first quarter 2009 cash dividends on its common shares, Series G preferred shares and Series F preferred shares.

Fifth Third declared a first quarter 2009 cash dividend on its common shares (Nasdaq: FITB) of $0.01. The cash dividend is payable on April 23, 2009 to shareholders of record as of March 31, 2009.

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, 2009 to shareholders of record as of March 27, 2009.

Fifth Third also declared the initial 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, 2009 to the shareholder of record as of March 16, 2009. This is the first quarterly dividend payment to the U.S. Department of the Treasury, the shareholder of record, related to the government's $3.4 billion investment on December 31, 2008, in Fifth Third Bancorp made under the Capital Purchase Program of the Troubled Asset Relief Program legislation.

Fifth Third Bancorp (Nasdaq: FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $120 billion in assets, operates 16 affiliates with 1,308 full-service Banking Centers, including 93 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,353 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2008, has $179 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(R) National Global Select Market under the symbol "FITB." Member FDIC. Equal Housing Lender.