Regional Banker Fifth Third Bancorp (NASDAQ:FITB) will be offering a new preferred stock.
The issue will have typical banking company terms–qualified, but non cumulative and will be a fixed rate issue.
The company currently has 2 issues outstanding, 1 of which is the old MB Financial issue which they acquired recently. These issues can be seen here.
mcg had this new issue announced 1st on the reader alert page.