Fifth Third Bank Decreases Its Prime Lending Rate to 4.25%
CINCINNATI--(BUSINESS WIRE)--Mar 3, 2020--
Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 4.25%, effective immediately.
The rate was last changed on Oct. 30, 2019, when Fifth Third decreased its prime lending rate from 5 to 4.75%.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of December 31, 2019, Fifth Third had $169 billion in assets and operated 1,149 full-service banking centers and 2,481 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2019, had $413 billion in assets under care, of which it managed $49 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200303005945/en/
CONTACT: Ed Loyd (Media Relations)
Edgar.Loyd@53.com| 513-534-NEWSChris Doll (Investor Relations)
KEYWORD: OHIO UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Fifth Third Bank
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PUB: 03/03/2020 03:01 PM/DISC: 03/03/2020 03:01 PM