Fifth Third likely to repay TARP funds this year, CFO says

02/11/2010 | Reuters

Daniel Poston, chief financial officer at Fifth Third Bancorp, said the Cincinnati lender would "most likely" repay the $3.4 billion it received through the Troubled Asset Relief Program in the second half of this year. In response to questions about whether Fifth Third will need to raise money, Poston said the bank would discuss any potential capital raisings with regulators.

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