Market Overview

Fifth Third Bancorp Completes Merger With MB Financial, Inc.


Fifth Third Bancorp (NASDAQ:FITB) announced today it has completed its
acquisition of MB Financial, Inc. (NASDAQ:MBFI). Primary systems and
client conversion is expected to occur in early May 2019.

This press release features multimedia. View the full release here:

Both Fifth Third and MB Financial customer relationships will continue
business as usual until the conversion. MB customers will be informed
about pending branch and account conversions, and affected customers
will be informed about timing of branch consolidations in the Chicago
market, in April 2019.

MB Financial's shares of common stock were converted into Fifth Third
common shares and cash as a result of the merger. Accordingly, those
shares of MB Financial common stock are not eligible to receive the
previously announced dividend from MB Financial, which had a record date
of March 29, 2019 and a payment date of April 8, 2019. Former MB
Financial common stockholders who received Fifth Third common shares in
the merger and who continue to own those shares through March 29, 2019,
will receive Fifth Third's previously announced dividend of $0.22 per
Fifth Third common share payable on April 15, 2019.

Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of December 31, 2018, the Company
had $146 billion in assets and operates 1,121 full-service Banking
Centers, and 2,419 Fifth Third branded ATMs 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 52,000 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, 2018,
had $356 billion in assets under care, of which it managed $37 billion
for individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. Investor
and press
can be viewed at
Fifth Third's common stock is traded on the Nasdaq® Global Select Market
under the symbol "FITB."

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