The merger also received regulatory approval on Monday. Fifth Third Bancorp shareholders will vote on the proposed merger at a special meeting in Cincinnati on March 20. The anticipated dosing date for the merger is early April.
In November 2000, Old Kent announced its pending merger with Fifth Third Bancorp. The combined company will have approximately $70 billion in assets, $48 billion in deposits and more than 980 banking locations, primarily in Ohio, Kentucky, Indiana, Michigan and Illinois. Fifth Third will be the second-largest banking franchise, based on deposits, in the Midwest.
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