Duke Energy's Brett Carter Joins Fifth Third Bank's North Carolina Affiliate Board

May 20, 2011, 14:30 ET from Fifth Third Bank

CHARLOTTE, N.C., May 20, 2011 /PRNewswire/ -- Fifth Third Bank announced today that Duke Energy's Brett Carter has joined the Board of Directors of its North Carolina Affiliate.

"We are extremely pleased to have Brett Carter join our Board of Directors here in North Carolina. He is a proven leader in his company, the Charlotte community, and the state of North Carolina. His expertise and market knowledge will be invaluable as we continue to grow our franchise," said Bob James, president and CEO of Fifth Third's North Carolina Affiliate.

Carter is president of Duke Energy North Carolina, which serves approximately 1.8 million electric retail customers in the central and western portions of the state. He is responsible for advancing the company's rate and regulatory initiatives and managing state and local regulatory and governmental relations, economic development and community affairs.

"Fifth Third Bank is quickly becoming a leader in the financial services sector across North Carolina. I am delighted to join the team and look forward to the opportunity to apply my expertise and knowledge as the company continues to grow," said Carter.

Fifth Third Bank:

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $111 billion in assets and operates 15 affiliates with 1,311 full-service Banking Centers and 2,454 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third's North Carolina Affiliate is headquartered in Charlotte, NC and operates 55 financial centers across the state. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2010, had $266 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB." Member FDIC. Equal Housing Lender.

Duke Energy Carolinas:

Duke Energy Carolinas owns nuclear, coal-fired, natural gas and hydroelectric generation. That diverse fuel mix provides approximately 19,000 megawatts of owned electric capacity to approximately 2.4 million customers in a 24,000-square-mile service area of North Carolina and South Carolina. Duke Energy is one of the largest electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 12 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com

SOURCE Fifth Third Bank