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Fifth Third Bank Announces Redemption of MB Financial Bank Subordinated Notes due December 1, 2027

BusinessWire_EN 
0 0 27.01.23
Fifth Third Bank Announces Redemption of MB Financial Bank Subordinated Notes due December 1, 2027: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24455/Fifth_Third_Bank.svg_%281%29.png
 

Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the “Bank”), successor-in-interest to MB Financial Bank, National Association (“MB”), has submitted a redemption notice to the paying agent for redemption of all of the outstanding MB fixed-to-floating rate subordinated notes due December 1, 2027 (CUSIP 55266C XM3) issued in the principal amount of $175 million. The notes will be redeemed on March 1, 2023 pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

About Fifth Third Bancorp

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230127005229/en/

Fifth Third Bancorp Stock

€38.93
0.580%
The Fifth Third Bancorp stock is trending slightly upwards today, with an increase of €0.23 (0.580%) compared to yesterday's price.
With 12 Buy predictions and not the single Sell prediction the community is currently very high on Fifth Third Bancorp.
With a current price of 38.93 € Fifth Third Bancorp is right around the predicted target price of 39 €.
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