Heather Russell Koenig Named Fifth Third's Chief Legal Officer

08/21/2015

Cincinnati– Fifth Third Bancorp (Nasdaq: FITB) announced today that Heather Russell Koenig will become its chief legal officer and corporate secretary and will be joining the Company on Sept. 28, 2015. Koenig will report to Greg D. Carmichael, president, who becomes CEO on Nov. 1, 2015. Koenig's responsibilities will include overseeing Legal, Government Affairs and Regulatory Affairs

Koenig joins Fifth Third from Bank of New York Mellon, where she was a member of the company's Operating Committee and led its global Office of Public Policy and Regulatory Affairs. She also served as global chief regulatory counsel and counsel to the Risk Committee of the Board of Directors.

"Heather will be a terrific addition to the leadership team at Fifth Third Bank," Carmichael said. "She brings deep expertise in consumer, commercial and investment banking, regulatory relations, corporate governance, litigation and enforcement. As our chief legal officer, I look to her as an important partner in building our franchise and leading several critical functions within our risk infrastructure."

Koenig’s background prior to joining BNY Mellon in 2011 included five years with Bank of America, where she served as lead counsel for a number of the bank’s divisions, including Global Risk, Supervisory and Regulatory Relations, Deposit and Debit Products, Electronic Banking and others.

Koenig practiced law for eight years at Skadden, Arps in its Washington and London offices, focusing on bank regulatory, consumer financial services, corporate finance and mergers and acquisitions.

She earned a bachelor's degree from the College of William &s; Mary and her law degree from the Washington College of Law at American University. She is a member of the New York and Washington, D.C., bars and is active in numerous industry associations, including the National Women's Law Center and the ABA Banking Law Committee, which she vice-chairs.

Said Koenig, "I am excited to join Fifth Third and make an immediate contribution. The Bank has a strong foundation and growth prospects. I look forward to being part of its future."

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,299 full-service Banking Centers, including 101 Bank Mart^® locations, most open seven days a week, inside select grocery stores and 2,630 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 also has a 22.8 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2015, had $304 billion in assets under care, of which it managed $27 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, Equal Housing Lender.