8-KOther Events

FIFTH THIRD BANCORP 8-K Report (Mar 14, 2001)

Filed March 14, 2001For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

This 8-K filing from Fifth Third Bancorp (FITB) on March 14, 2001, announces significant progress in its proposed merger with Old Kent Financial Corporation. The Federal Reserve Board granted its approval for the merger on March 12, 2001, a crucial step in the consolidation process. Furthermore, Old Kent shareholders overwhelmingly approved the merger on March 13, 2001, demonstrating strong support from both entities' stakeholders. With these key approvals in place, Fifth Third Bancorp is moving closer to completing the merger, which is anticipated to close in the second quarter of 2001. The filing also includes forward-looking statements that outline potential risks and uncertainties associated with the merger and future business operations, providing investors with important context for evaluating the combined entity's prospects.

Key Highlights

  • 1Federal Reserve Board approved the merger of Fifth Third Bancorp and Old Kent Financial Corporation on March 12, 2001.
  • 2Old Kent Financial Corporation shareholders approved the merger on March 13, 2001.
  • 3Fifth Third Bancorp shareholders are scheduled to vote on the merger on March 20, 2001.
  • 4The merger is expected to close in the second quarter of 2001.
  • 5The filing includes forward-looking statements identifying potential risks and uncertainties affecting the combined company.
  • 6A press release dated March 13, 2001, regarding the Federal Reserve Board's approval is attached as an exhibit.

Frequently Asked Questions

The main purpose of this 8-K filing is to report significant corporate events, specifically the approvals received for the merger between Fifth Third Bancorp and Old Kent Financial Corporation.

The merger is expected to close in the second quarter of 2001, following shareholder and regulatory approvals.

The filing mentions several potential risks, including increased competitive pressures, changes in interest rates, economic conditions, legislative or regulatory changes, securities market fluctuations, and the possibility that the merger or planned divestitures may not occur as anticipated.

Investors can find further information in Fifth Third Bancorp's and Old Kent Financial Corporation's filings with the Securities and Exchange Commission, which are available on the SEC's website or directly from the companies.