Fifth Third Bank to redeem MB Bank subordinated notes on March 1

By Mary-Katherine Stinson

Lexington, Ky., Jan. 27 – Fifth Third Bancorp announced that its subsidiary Fifth Third Bank, NA will redeem all its outstanding MB Financial Bank fixed-to-floating rate subordinated notes due Dec. 1, 2027 (Cusip: 55266CXM3) on March 1, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus interest.

The notes were originally issued Nov. 16, 2017 for $175 million.

U.S. Bank Trust Co., NA is the registrar and paying agent.

Fifth Third is a Cincinnati-based diversified financial services company.

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