Fifth Third Bancorp Announces Conversion of Shares of Series G Preferred and Cash Dividend on Its Series G Preferred

Fifth Third Bancorp (Nasdaq: FITB ) today announced that the board of directors has authorized the conversion into Fifth Third's common stock, no par value (“Common Stock”), of all outstanding shares of Fifth Third's 8.50% Non-Cumulative Convertible Perpetual Preferred Stock, Series G (“Series G Preferred Stock”), which shares are