Howard McClure to Head Insurance Operations

30-year Veteran will assess strategic opportunities

Fifth Third Bancorp (NASDAQ: FITB) today announced that Howard McClure, a 30- year veteran of the insurance industry, has joined the organization as senior vice president and head of insurance services. He will report directly to Lars Anderson, chief operating officer.

“I have long admired Howard’s accomplishments in the insurance industry and am looking forward to working with him on a day-to-day basis,” said Anderson.

“Howard McClure is the perfect individual to help Fifth Third evaluate and launch strategic initiatives to further grow our insurance presence,” added President and CEO Greg D. Carmichael. “We are excited to have such a seasoned professional join us to lead this initiative.”

McClure previously served as president of Palmer & Cay of Texas, and prior to that he led Wells Fargo’s Southwest region and headed a major part of Wachovia’s insurance business. He also worked at Chubb Insurance’s Financial Institutions group, with responsibility for the Pacific and Asia regions.

McClure has a bachelor’s degree in business from Colorado College and serves on the board of the Insurance Industry Charitable Foundation.

At Fifth Third, he will be responsible for developing and leading an enhanced, holistic insurance strategy, including evaluating alternatives to expand the Bank’s insurance offerings, and employee benefits for the consumer and commercial lines of business.

McClure said, “I am pleased to join the Fifth Third team. Insurance represents a key component of the financial foundation for every business and family. As a customer-centered bank, Fifth Third is looking to create economic security and a strong future for our clients.”

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,295 full-service Banking Centers, including 99 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,650 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2015, had $297 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® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160120006047/en/

Fifth Third BancorpLarry Magnesen, 513-534-8055