Fifth Third Bancorp (FITB.O) said on Wednesday it repaid $3.4 billion in U.S. government bailout aid, becoming the latest U.S. regional bank to exit the Troubled Asset Relief Program. Fifth Third repurchased 136,320 preferred shares from the U.S. Treasury Department, removing the U.S. government as an investor in the Cincinnati-based bank. "Redemption of TARP represents another important milestone for Fifth Third," said Chief Executive Kevin Kabat.
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