EX-14
Exhibit 14
Fifth Third Bancorp
Code of Business Conduct
& Ethics
Fifth Third Bank
Message from CEO Greg Carmichael
Living Our Core
Values
Martin Luther King Jr. had a saying that is as relevant today as it was when he first said it: “The time is always right to do what is right.”
This is a fundamental truth that should guide each of us and all of us, every day and in every interaction.
Doing the right thing is central to our ability to
achieve our Vision to be the
One Bank people most value and trust. It’s a commitment that inspires us to create a great customer experience, an engaging
workplace and vibrant communities. It is a commitment that forms the bedrock of Fifth Third’s reputation as a respected corporate citizen. And it is a commitment that begins with each Fifth Third employee.
Our Code of Business Conduct and Ethics is anchored in Our Fifth Third Compass, including our Core Values: Work as One Bank, Take Accountability, Be Respectful &
Inclusive, and Act with Integrity. It outlines the responsibility we have to serve with honesty and integrity, and in compliance with both the letter and the spirit of the law.
This important document is intended to serve as a guide to help you understand how to apply our Core Values to the decisions that each of us makes at work. Please take the time to
review it, to comply with it and to refer to it regularly. If you ever have any questions about what is the right thing to do in a situation, please raise them, using any of the resources listed throughout the Code.
Please work actively, as individuals and as teams, to sustain the kind of culture that is deserving of the trust that our stakeholders place in us.
Thank you for doing your part to build on the legacy of integrity that is Fifth Third.
Greg D.
Carmichael
President and CEO
Fifth Third Bancorp
Fifth Third Bancorp Code of Business Conduct & Ethics
Table of Contents
Ethics
at Fifth Third 4 4.4 Personal Relationships 28 Following the Compass 4 4.5 Fiduciary Appointments and Employee Responsibilities 6 Inheritances 29 Manager
Responsibilities 7 4.6 Gifts and Entertainment 30 Reporting Concerns 7 4.6.1 Receiving Gifts 30 Investigations 8 4.6.2 Giving Gifts and the Foreign
Non-Retaliation 8 Corrupt Practices Act 31 4.7 Recommendation of Professionals Interpretations & Waivers 8 or Products 32 1.0 Living Our Core Values for
Our 4.8 Use of Suppliers, Vendors or Employees 9 Consultants 32 1.1 Inclusion & Diversity 10 4.9 Political Activities and 1.2 Discrimination &
Harassment 11 Government Affairs 32 1.3 A Safe and Healthy Work 4.9.1 Running for Office 33 Environment 12 4.9.2 Lobbying & Political 1.4 Alcohol-free and
Drug-free Contributions on Behalf of Fifth Third 33 Workplace – Substance Abuse 12 4.9.3 Gifts and Entertainment for Public Officials 33 2.0 Living Our Core Values for Our
4.10 Board Membership 34 Customers and Communities 13 4.10.1 Serving on For-Profit Boards 34 2.1 Fair and Honest Business Practices 14 4.10.2 Serving on Non-Profit Boards 34 2.2 Customer Complaints 15 2.3 Preventing Fraud 15 5.0 Protecting Fifth Third and Our 2.4 Environmental Sustainability 16
Customers 35 5.1 Protection and Proper Use of 3.0 Complying With Laws, Bancorp Assets 36 Regulations and Policies 17 5.2 Maintaining Accurate Records and 3.1 Interactions with
Auditors, Accounts 38 Examiners and Legal Counsel 18 5.3 Information Security 39 3.2 Anti-Money Laundering and 5.3.1 Protecting Customer, Supplier Financial
Crimes 18 and Other Confidential Information 39 3.3 Competition and Antitrust Laws 19 5.3.2 Information Disclosure 40 3.4 Anti-Bribery and Anti-Corruption 20 5.3.3 Photographing
and Recording 41 3.5 Job-Specific Responsibilities 21 5.4 Records Retention and Legal Hold 42 3.6 Personal Investments and Trading 21 5.5 Leaving Fifth Third 42
3.7 Corporate Travel 23 6.0 Ensuring Responsible 4.0 Avoiding Conflicts of Interest 24 Communication About Fifth Third 43 4.1 Self-Dealing and Fair Competition 26 6.1 Representing
Fifth Third 44 4.2 Personal Finances 27 6.2 Media Inquiries 45 4.3 Outside Employment and Outside 6.3 Social Media 45 Activities 28 Glossary 47
Fifth Third Bancorp Code of Business Conduct & Ethics 3
Ethics at Fifth Third
Ethical Decision Making
–
Following the Compass
WHY WE DO WHAT WE DO OUR
VISION S WORK AS ONE BUILD A STRONGER R COMMUNITY H E BANK T W O H H AT
T I W W E T D C O A R TAKE PROVIDE BETTER T E O T
ACCOUNTABILITY SOLUTIONS D N E I L & I V T E C CUSTOMER AT THE R A
E CENTER A V W L U W O BE RESPECTFUL STRIVE FOR E H & INCLUSIVE OPERATIONAL EXCELLENCE ACT WITH CONTINUOUSLY
INTEGRITY MANAGE RISK
Our Fifth Third Compass communicates who we are,
what we believe and how we define success. It informs everything we do, from how we navigate our daily work and recognize each other’s efforts, to the way we behave with customers and each other. The Compass also guides our strategic directions
and actions as we work toward achieving our Vision to be the One Bank people most value and trust.
Within the Compass, you will find the principles that we highly
value at Fifth Third Bancorp, namely:
• Our Vision is to be the One Bank people most value and trust. Our Vision guides our actions; it is why we do what we
do. It sits at the top of our Compass and points to the north.
• Our Core Values direct us on how we act and interact with others. Our Values incorporate our
One Bank philosophy, our focus on inclusion and diversity and our ongoing commitment to accountability and doing the right thing.
• Our Actions drive our
business. These Actions inform our decision making. Our commitment to community, our drive to offer innovative products and services, our focus on operational excellence and our dedication to proactive risk management are the four key elements of
our Actions.
• Keep the Customer at the Center. Keeping the customer at the center of everything we do and delivering a world-class customer experience every
time are paramount to our success.
Fifth Third Bancorp Code of Business Conduct & Ethics 4
Ethics at Fifth Third
Fifth Third Core Values Test
In situations where you are uncertain what to do, ask yourself these questions:
1 2 3 4
Does it comply Would I be
Is the action legal? with our Code of Does it reflect our comfortable if I read Business Conduct & Core Values? about it in the news?
Ethics and related policies?
5 6 7
Would it keep Would it be OK Fifth Third and if my manager or our shareholders Does it feel like the other employees from experiencing right thing to do? did it? loss, harm, or
unnecessary risk?
If you answered “no” to any of these questions, don’t do it. Use the resources on Page 7 for additional guidance.
The general rule of thumb to follow is: If you know it’s wrong, don’t do it. If you’re not sure, ask yourself the questions above. If you still are unsure on what to
do, use the resources on Page 7 to determine whom to contact. Keep asking until you have clarity on following the right path.
Anyone who works for, with or on
behalf of Fifth Third Bancorp has the responsibility to demonstrate the highest standards of business conduct. This Code of Business Conduct & Ethics applies to all officers, directors, employees and contractors of Fifth Third Bancorp, our
subsidiaries and our affiliates. Anyone who violates the spirit or letter of the Code may face disciplinary action, up to and including termination.
Fifth Third
Bancorp Code of Business Conduct & Ethics
5
Ethics at Fifth Third
Employee Responsibilities
Every employee plays a part in building and maintaining a strong culture at Fifth Third, a culture where ethics and compliance are the standard.
Each of us is accountable for:
• Obeying, both in form and spirit, all laws, regulations
and Fifth Third Bancorp policies and procedures.
• Protecting our reputation.
• Keeping the Customer at the Center.
• Being honest, accurate, respectful and
responsible with examiners, suppliers, business partners, shareholders and other employees.
• Reporting any potential violations or ethical concerns promptly
and in an appropriate manner.
• Protecting confidential and proprietary information and Fifth Third assets and property.
• Cooperating with internal and external investigations and examinations.
•
Completing all required training, including the Code of Business Conduct & Ethics Training, within the required time frame.
This Code reflects our Core
Values. While there is no way we can write a scenario for every situation you may face, this Code sets the expectation that you act with integrity and use good judgment. There also are policies referenced throughout the Code under “Applicable
Policies to Reference” sections that you can go to for more detail. If you still are in an ethical dilemma, use the Core Values Test to help you make the best choice, or use the list of resources on Page 7.
Fifth Third Bancorp Code of Business Conduct & Ethics 6
Ethics at Fifth Third
Manager Responsibilities
If you are a manager, you have a responsibility to lead by example. All managers must show a commitment to Fifth Third’s Core Values, and conduct business
according to the highest standards of ethics and professional behavior.
You are responsible for:
• Making sure you know and understand the Code and related policies.
• Reinforcing
the importance of conducting business with the highest level of integrity with your employees.
• Ensuring your employees complete all required trainings.
• Supervising activities and conduct of employees in your reporting chain. You must respond to misconduct and report violations as soon as you witness them or
are made aware. Use the resources listed below to make a report.
• Promoting a positive environment where employees feel comfortable raising concerns and
communicating bad news.
Managers who fail to take action, or who retaliate against employees who report misconduct may be held responsible for their failure to
report or take steps to remediate the issue.
Reporting Concerns
You are
responsible for understanding and complying with the Fifth Third Bancorp Code of Ethics & Business Conduct.
Whether you need to raise a potential
violation of this Code, report an ethical concern or simply ask for advice, the following resources are available to you:
• Contact your manager or anyone in
your division’s reporting line to whom you feel comfortable talking.
• Contact your HR business partner.
• Contact the Employee Relations Resource Group at 513-358-7191.
• Contact the Ethics Office directly at EthicsOffice@53.com.
• Contact the Bancorp
Security Operations Center at 800-436-4400.
• Make a report to the Fifth Third
EthicsLine 24 hours a day, seven days a week. You may choose to remain anonymous. o Online: www.alertline.com. o By phone: 877-FOR-5353.
Fifth Third Bancorp Code of Business Conduct & Ethics
7
Ethics at Fifth Third
Investigations
The Bancorp investigates every concern that employees report through any channel. Every report of a violation is taken seriously and we will protect confidentiality to the fullest
extent possible. You are required to cooperate fully with any authorized internal or external investigation, including, but not limited to, those involving ethical issues, legal or regulatory issues, or policy violations. You should never withhold,
tamper with or fail to communicate relevant information in connection with any investigation. Making false statements may be grounds for immediate termination. If the investigation determines a violation has occurred, prompt corrective action will
be taken, up to and including termination of employment.
Non-Retaliation
Fifth Third forbids intimidation of or retaliation against individuals who make good-faith reports of known or suspected violations of this Code of Business Conduct &
Ethics, any Fifth Third policy or procedure, or any law or regulation.
Interpretations & Waivers
Any material waivers of this Code for executive officers or directors of Fifth Third Bancorp may be made only by the Board of Directors of Fifth Third upon the recommendation of
the Audit Committee; waivers will be publicly disclosed as required by SEC or NASDAQ rules. Any waivers of this Code for other employees may be made by the Conflicts Council as outlined in the Code.
“Every report of a violation is taken seriously.”
Fifth Third Bancorp Code of Business Conduct & Ethics 8
1.0 Living Our Core Values for Our Employees
Bancorp Code of Business Conduct & Ethics 9
1.0 Living Our Core Values for Our Employees
1.1
Inclusion & Diversity
We demonstrate our commitment to inclusion and diversity by living our Core Values, serving our customers, delivering financial
performance and being recognized as a leader in building an engaging workplace, a strong supplier base and vibrant communities. We demonstrate our commitment to inclusion and diversity by leading the way with transparency.
In alignment with our Core Value to Be Respectful & Inclusive, we treat everyone with whom we interact in the manner in which they would want to be treated. We listen and
seek to understand. We recognize that our differences are our strength. We are aware of the research that has proven that teams make better decisions than individuals and that diverse teams make better decisions than
non-diverse teams. The creative contributions of diverse perspectives lead to greater innovation, which brings greater profitability. Diversity is good and good for business. Diversity without inclusion,
however, brings none of these benefits. Therefore, we bring appreciation, respect and inclusion into all our business interactions.
Applicable Policies to
Reference:
• Discrimination, Harassment and Retaliation Policy in the
Employee Policy Manual.
• Equal Opportunity Employment Policy.
• Affirmative Action Policy.
“We recognize
that our differences are our strength.”
Fifth Third Bancorp Code of Business Conduct & Ethics 10
1.2 Discrimination & Harassment
Fifth
Third does not tolerate discrimination, harassment or intimidation for any reason, including on the basis of an individual’s race, color, national origin or ancestry, citizenship status, creed, religion, religious affiliation, age, gender,
gender identity, sexual orientation, transgender status, marital status, civil partnership, pregnancy, parental status or caregiving responsibilities, genetic information, physical or intellectual disability or protected condition, military or
veteran status, an individual having been a victim of domestic violence, sexual assault or abuse, or any other status protected under applicable local law (collectively referred to hereafter as “Prohibited Actions”).
Some examples of Prohibited Actions include, but are not limited to, the following:
•
Making or using derogatory comments, epithets, slurs, slang, phrases, nicknames or jokes, in verbal, written or electronic communications about any individual, group or employee.
• Denying, directly or indirectly, an employment-related opportunity based upon refusal to comply with a sexually oriented request or advance.
• Leering, making sexual gestures, or displaying sexually suggestive objects or pictures, cartoons, emails or posters.
• Verbal or physical conduct that has the purpose or effect of creating an intimidating, hostile or offensive work environment.
• Verbal abuse or the use of degrading words to describe an individual and/or notes, emails or invitations that use degrading or humiliating words.
• Threats of violence and any other provocative comments, language or actions.
Applicable
Policies to Reference:
• Discrimination, Harassment and Retaliation Policy in the
Employee Policy Manual.
Q&A
I overheard one of my co-workers making fun of someone else in our department, making rude comments about her accent and some religious
attire she wears. Should I say something?
Fifth Third is committed to maintaining a professional work environment, and does not tolerate discrimination, harassment
or intimidation for any reason. Every employee has an obligation to treat others with dignity and respect. If you are comfortable speaking directly to the employee who made the comments, you can do so. In any case, you must share your concern with
your manager, Employee Relations (HR.ERRG@53.com or 513-358-7191), or by using Fifth Third’s EthicsLine (877-FOR-5353).
Fifth Third Bancorp Code of Business Conduct & Ethics 11
1.0 Living Our Core Values for Our Employees
1.3 A
Safe and Healthy Work Environment
Fifth Third is committed to providing a workplace where employees and visitors feel safe. It is the responsibility of our
managers and all of our employees to maintain a workplace free from threats and acts of violence. Fifth Third prohibits the use of violence or threats of violence in the workplace and takes such actions very seriously. We do not tolerate
threatening, intimidating or physically harmful behavior by employees, customers, contractors, vendors, suppliers, partners or anyone else. Any person who makes threats, exhibits threatening behavior or engages in violent acts on Fifth Third
premises shall be removed from the property. Violations will lead to disciplinary action, up to and including termination of employment, and the involvement of appropriate law enforcement authorities, as needed. You may not possess any type of
weapon in Fifth Third’s facilities, at work-related functions or while performing Bancorp business of any kind. This does not apply to law enforcement officials and designated security personnel, or where preempted by applicable law.
In the event that you feel a threat or an act of violence has been made against you, or others, you should report the details immediately to your manager, the
Bancorp Security Operations
Center at 800-436-4400, the Employee Relations Resource
Group at 513-358-7191, an Employee Relations representative, or the Bank Protection Department. In an emergency, call 9-1-1.
Applicable Policies to Reference:
• Corporate Safety & Security Policy and Guidelines.
• Discrimination,
Harassment and Retaliation Policy in the
Employee Policy Manual.
•
Workplace Non-Violence Policy in the Employee Policy Manual.
1.4 Alcohol-free and Drug-free Workplace – Substance
Abuse
Fifth Third takes a strong position against drug or alcohol abuse. We expect you to report for work as scheduled and to be able to perform assigned duties
free from the effects of alcohol and drugs. We prohibit alcohol or drug use that could have an adverse effect on your job performance or that could jeopardize customer service, public relations, and the safety of other employees or Fifth Third
equipment. We also will not tolerate the unlawful use, manufacture, possession, sale or transfer of drugs or narcotics on our property.
Applicable Policies to Reference:
• Substance Abuse in the Employee
Policy Manual.
Fifth Third Bancorp Code of Business Conduct & Ethics
12
2.0 Living Our Core Values for Our Customers and Communities
Fifth Third Bancorp Code of Business Conduct & Ethics 13
2.0 Living Our Core Values for Our Customers and Communities
2.1 Fair and Honest Business Practices
Fifth Third believes that fair and honest business
practices are essential to keeping our customer at the center of everything we do. We should always act in the best interest of our customers. Unethical business practices, such as incentive gaming, falsifying documents or inflating performance
results, are strictly prohibited. You are prohibited from manipulating records, opening accounts without customer authorization, offering customers unnecessary products and falsifying records or applications in order to benefit yourself or other
employees of Fifth Third.
Fifth Third is fully committed to maintaining non-abusive and anti-predatory lending practices
and to the principle that all credit-related decisions will be made without regard to any prohibited basis, such as: • Race. • Gender identification or assignment. • Ethnicity. • Military status. • Color. • Disability.
• Religion. • Receipt of public assistance. • National origin. • Familial status. • Sex. • A consumer’s exercise of • Age. credit protection rights. • Marital status. • Sexual orientation. Other laws
and regulations, including those at the state or local level, may contain other prohibited bases. This commitment will be fulfilled also while maintaining prudent credit discipline and sound business practices. Fifth Third is committed to providing
customers with financial products and services in ways that avoid the use of any practices that could be deemed predatory, unfair, deceptive or abusive.
Fair
Lending and Responsible Banking compliance is the responsibility of all employees.
Applicable Policies to Reference:
• Consumer & Business Practices Compliance Policy.
Q&A
I sometimes work with customers who aren’t knowledgeable about financial products. Is it acceptable to steer customers towards a product for which I receive more credit, as
long as the product will still be of at least some benefit to them?
Fifth Third’s Vision is to be the One Bank people most value and trust. Our customers must
be able to trust that we have their best interests in mind. Employees must not engage in deceptive or dishonest business practices, such as misrepresenting products or offering customers inaccurate or insufficient information about products, in
order to benefit personally.
Fifth Third Bancorp Code of Business Conduct & Ethics
14
2.0 Living Our Core Values for Our Customers and Communities
2.2 Customer Complaints
Fifth Third defines a complaint as “any written or escalated
verbal communication stating that something is unfair, unsatisfactory or unacceptable, or that notes the consumer is dissatisfied in regard to a product, service, location or employee.”
Fifth Third has a comprehensive Customer Complaint Management program to ensure customer complaints are handled properly and in a timely manner. You are expected to report customer
complaints completely and accurately through our defined Complaint Management process.
Applicable Policies to Reference:
• Complaint Management Policy.
2.3 Preventing Fraud
Fifth Third Bancorp is committed to minimizing the impact of internal and external fraud to both Fifth Third and our customers. Every employee at every level of the Bancorp is
accountable and expected to do their part to protect Fifth Third and our customers from fraudulent activity. There is zero tolerance for internal fraud within Fifth Third’s organization and internal fraudulent activity must be referred to Bank
Protection when suspected. Failure to report fraudulent activity exposes Fifth Third to regulatory and compliance violations and could lead to significant financial penalties and additional fraud losses.
It is the responsibility of every employee – manager and non-manager alike – to refer all cases of suspected fraud through the
appropriate channels:
• Fifth Third’s Fraud Hotline: 844-STOPFRD or
844-786-7373.
• Fifth Third’s Fraud Referral Form located on the
Employee Center.
• Fifth Third EthicsLine: o Online: www.alertline.com. o By phone:
877-FOR-5353.
Applicable Policies to Reference:
• Enterprise Anti-Fraud Policy.
Q&A
I noticed a co-worker accessing an account without the customer being present, and transferring some of the funds into a dormant account.
This seemed odd to me, but I don’t have all the facts. Should I report this?
Every Fifth Third employee has a responsibility to communicate situations that
could cause risk or harm to the Bank or our customers. While you may not have all the information in this situation, it’s important to share your concerns. You can report the information using the Fraud Hotline
(844-STOPFRD), by submitting a Fraud Referral Form (on the Fraud Awareness ILP), or by calling the EthicsLine (877-FOR-5353).
Fifth Third Bancorp Code of Business Conduct & Ethics 15
2.0 Living Our Core Values for Our Customers and Communities
2.4 Environmental Sustainability
At Fifth Third, our Core Value of Take Accountability
requires that we recognize and hold ourselves accountable for the potential impact that our operations, lending and investment decisions have on communities and the environment. Fifth Third also sees environmental sustainability as a way to identify
new business opportunities that help our customers better manage risk and our communities become stronger, healthier and more resilient. Integrating environmental sustainability into our culture, strategies, products and services will help us become
the One Bank people most value and trust.
We encourage you to bring a sustainable culture to your workplace. Understand your environmental impact and pursue
actions that will allow Fifth Third and our communities to thrive into the future. Support continued innovation in our strategy, products and services by finding new ways to deliver services that meet customers’ and communities’ long-term
sustainability goals.
When dealing with suppliers, customers and clients let them know that Fifth Third Bank is working to be as sustainable as possible, and that
we encourage others to do the same.
“Support continued innovation in our strategy.”
Fifth Third Bancorp Code of Business Conduct & Ethics 16
3.0 Complying With Laws, Regulations and Policies
Fifth Third Bancorp Code of Business Conduct & Ethics 17
3.0 Complying with Laws, Regulations and Policies
A fundamental part of our commitment to integrity is adhering to the letter and the spirit of applicable laws, regulations and Bancorp policies. All employees are
required to fully comply with all applicable laws, rules and regulations, as well as with all Fifth Third policies and procedures. In no case shall an employee, officer or director use illegal or unethical means or methods when acting on behalf of
Fifth Third. Each of us must be committed to following these rules and reporting violations that could put ourselves or the Bancorp at risk.
Questions regarding
compliance with laws, rules and regulations should be directed to your manager or Fifth Third’s Legal Department or the Compliance Department.
3.1
Interactions with Auditors, Examiners and Legal Counsel
All employees, officers and directors should respond to and deal honestly, factually and candidly with the
Bancorp’s independent and internal auditors, regulators and attorneys.
3.2 Anti-Money Laundering and Financial Crimes
Money laundering is an evasive process used by criminals to convert their illegally obtained criminal proceeds (dirty money) into legitimate (clean) money. Fifth Third has strict
policies and procedures in place to prevent money laundering and to comply with all relevant laws and regulations, including the Bank Secrecy Act (BSA) and economic sanctions. Economic sanctions are a tool used by governments to restrict financial
transactions or activity with designated targets (e.g., countries, entities or individuals).
“Each of us must be committed to
following these rules and reporting violations.”
Q&A
A customer comes in to make a weekly deposit of about the same amount each time. Recently she came in on a different day to make an unusually large withdrawal, and she seemed very
anxious. I sensed that something wasn’t right, but a co-worker said it was none of our business. Should I let it go?
Fifth Third is committed to combatting financial crimes, and every employee must be aware of potential warning signs of financial crimes and internal policies and
procedures for dealing with suspicious transactions. You should report the situation promptly to your manager, or submit the Notice of Suspicious Activity Form, available on the Financial Crimes Compliance ILP.
Fifth Third Bancorp Code of Business Conduct & Ethics 18
3.0 Complying with Laws, Regulations and Policies
You never should assist a customer in evading reporting requirements, including lowering transaction amounts to avoid Currency Transaction Report (CTR) filing,
altering information or instructions in wire payments to avoid or circumvent economic sanctions (a process known as “wire stripping”), or any other method designed to evade federal or state law or Fifth Third policies and procedures. The
penalties for doing so are severe and could include personal liability via civil and/or criminal penalties, as well as possible job termination. Do your part to prevent money laundering at Fifth Third; report suspicious activity to the Financial
Crimes Compliance Department via the Fraud and AML Referral Form located on the Employee Center.
Employees are responsible for being knowledgeable about the BSA
and anti-money laundering (AML) laws that apply to Fifth Third so they can properly identify and report violations.
Applicable Policies to Reference:
• FCC Customer Due Diligence Policy.
• Financial Crimes Compliance Policy.
3.3 Competition and Antitrust Laws
Anti-trust laws, also referred to as
“competition laws,” are rules developed by the U.S. government to protect consumers from predatory business practices. The goal is to ensure that fair competition exists in the marketplace.
Business activities that involve any of our competitors should be conducted carefully. Agreements between competitors relating to prices, allocations of territories or customers or
limitations of products are unlawful. Employees should not use competitors’ confidential or proprietary information. Employees are prohibited from engaging in other anti-competitive behavior, including, but not limited to: disparaging or making
false statements in relation to competitors, misappropriating competitors’ trade secrets and encouraging competitors’ customers to break contracts. Where banking relationships involve loan participants and the like, discussions should be
limited to the specific transaction involved. Competitive marketing and bidding activities should be fair and ethical. If you have any questions as to whether any conduct may be collusive or anti-competitive, consult with your compliance or legal
partner.
Applicable Policies to Reference:
• Anti-Tying Policy.
Fifth Third Bancorp Code of Business Conduct & Ethics
19
3.0 Complying with Laws, Regulations and Policies
3.4 Anti-Bribery and Anti-Corruption
Corrupt practices are anti-competitive.
They inflate the cost of doing business globally, and contracts secured through bribery may not be able to be enforced legally. They also can have destructive effects within a business that undermine employee confidence and create an atmosphere in
which other types of corporate misconduct can become permissive; for example, self-dealing, fraud and embezzlement. They ultimately undermine a business’s interests.
Fifth Third and its employees are responsible for adherence to the anti-bribery and anti-corruption regulations of the countries in which we operate. This includes the Foreign
Corrupt Practices Act (FCPA), Canada’s Corruption of Foreign Public Officials Act (CFPOA) and the U.K. Bribery Act, as well as other applicable laws and regulations. These regulations prohibit companies and persons from offering to pay, paying,
promising to pay or authorizing payment of money or “anything of value” to any foreign or domestic government official for the purpose of influencing that official. Even if the payment did not take place or the advantage was not won, a
violation has occurred due to its intention. These regulations also apply to conduct both inside and outside of United States territory. These regulations also apply to third parties conducting business for Fifth Third such as vendors, suppliers and
consultants.
The consequences of violating anti-bribery/anti-corruption regulations like the FCPA are extremely severe, including possible civil and criminal
penalties for both Fifth Third and associated individual(s). In the United States, nothing of value may be provided to government personnel unless clearly permitted by law and any applicable regulation.
Giving gifts is appropriate at times; however, many laws regulate the giving of gifts, especially to government officials. Employees must comply with all laws regarding giving
gifts. Employees also must never give a gift with the intent for it to influence a business decision. More information can be found on Page 29.
Under the FCPA, so-called “facilitating payments” made in foreign countries to low-level government employees may be permissible in certain circumstances. Any such transaction or
payment must be pre-authorized by Fifth Third’s Legal Department.
Applicable Policies to Reference:
• Ethics Guidelines for Gifts and Gratuities to Public Officials and Employees.
Q&A
Some foreign officials are visiting our city, and the local chamber of commerce is organizing a small reception for local businesses to greet them. As our branch
representative, can I give the officials some small welcome gifts?
There are many federal and state laws that limit the types of gifts that can be given to
government officials and public employees. Additionally, it’s critical that such gifts do not create the appearance of improper influence. In this situation, a token gift of nominal value might be acceptable, but contact the Conflicts Council
(ConflictsCouncil@53.com) for approval.
Fifth Third Bancorp Code of Business Conduct & Ethics
20
3.0 Complying with Laws, Regulations and Policies
3.5 Job-Specific Responsibilities
Based on your position, or your specific line of business, some employees have additional responsibilities beyond those described in this Code. If you are one of
these employees, make sure you know what is expected of you and that you meet all applicable requirements.
Additional training and reporting commitments must be
completed by employees with special regulatory status and those who hold licenses to perform certain financial services activities. If you have questions about licensing or training requirements, contact your HR business partner or compliance
partner.
3.6 Personal Investments and Trading
You must never engage in
investment practices that violate securities laws or regulations, Fifth Third policies, or the letter or spirit of this Code; that are illegal, improper or unethical; or that present a potential or actual conflict of interest.
You must not buy, sell or recommend the securities (or derivatives in respect thereof) of any issuer (including Fifth Third) for any proprietary, customer, employee or other
account while in possession of material, non-public information. You shall conduct all investment activities in accordance with the Employee Trading Policy. Material,
non-public information is generally defined as any inside information that has not been made public that a reasonable investor would consider important in making an investment decision.
In making personal investments, you should avoid situations that might influence your business judgment or advice.
“Make sure you know what is expected of you.”
Fifth Third Bancorp Code of Business Conduct & Ethics 21
3.0 Complying with Laws, Regulations and Policies
In addition, you should avoid the following:
• Any investment if Fifth
Third is an underwriter or placement agent in the offering or if one of the underwriters, placement agents or other investment banks involved in the offering is providing, has provided, or may likely provide in the future, products or services to or
for Fifth Third unless the transactions are conducted on arms-length terms with no possibility for a conflict of interest.
• Any substantial investment in the
business of a customer, supplier or competitor unless the security is publicly traded on a national exchange and there is no possibility for a conflict of interest. A substantial investment is an investment that gives you potential influence over
the company’s decisions.
• Any investment in an initial public offering of any company if Fifth Third is an underwriter or if one of the underwriters or
other investment banks involved in the offering is providing, has provided, or may likely provide in the future, products or services to or for Fifth Third.
•
Use of confidential or proprietary information or work product developed or acquired during the course of employment as a means of realizing any personal gain. You only should make investments that comply with both this Code and any other Fifth
Third policies or procedures to which you are subject in your employment capacity.
Certain officers may be subject to additional restrictions. The Corporate Policy
Regarding Insider Trading and Section 16 Reporting contains a more detailed overview of transaction and reporting requirements.
Applicable Policies to
Reference:
• Enterprise Information Wall Policy.
• Employee Trading
Policy.
• Corporate Policy Regarding Insider Trading and Section 16 Reporting.
Fifth Third Bancorp Code of Business Conduct & Ethics
22
3.0 Complying with Laws, Regulations and Policies
3.7 Corporate Travel
When incurring expenses on behalf of Fifth Third,
employees should be good stewards of Bancorp resources. The Core Values serve as a guide to employees in determining the appropriateness of expenses incurred on behalf of the Bancorp. You are expected to adhere to the reimbursement procedures
contained in Fifth Third’s Travel & Entertainment Policy, giving careful attention to accuracy and appropriate supporting documentation when submitting expense reports.
Travel to a foreign country may constitute a taxable presence or include marketing activity triggering licensing requirements, exposing the Bank to regulatory fines and
reputational risk. Therefore, employees must follow the international travel approval process to ensure alignment with laws and regulations as well as the Bank’s overall strategic plan and risk appetite. International travel activity, including
policy violations, is tracked and reported on a quarterly basis.
Applicable Policies to Reference:
• Travel and Entertainment Policy in the Employee Policy Manual.
• Director Air
Travel Policy.
Q&A
I’ve been asked by my manager to travel to
another country on business. Are there any special approvals I need?
In accordance with the Travel & Entertainment Policy, employees with a business need
to travel internationally are required to complete the International Travel Request Form (available in the Forms Library), obtain manager approval and submit the form to the Travel Tracking Mailbox prior to arranging travel. The form requires
travelers to list the countries they will be visiting (including any layovers in a foreign jurisdiction) and the customers or prospects they plan to meet. The Foreign Activity Council (FAC) is responsible for approving all international travel
requests. Each employee who travels internationally must also complete the post-travel section of the form upon their return.
“Employees
should be good stewards of Bancorp resources.”
Fifth Third Bancorp Code of Business Conduct & Ethics 23
4.0 Avoiding Conflicts of Interest
Fifth Third
Bancorp Code of Business Conduct & Ethics 24
4.0 Avoiding Conflicts of Interest
A conflict of
interest exists when you have an outside interest or relationship that interferes, or appears to interfere, with your responsibilities to Fifth Third. Such a conflict can make it difficult for you to remain objective and act in the best interest of
Fifth Third, our clients and our shareholders. You are responsible for avoiding conflicts of interest, potential conflicts of interest and even situations where there is only the appearance of a conflict of interest. This section provides guidance
on some of the most common conflicts of interest, but it cannot cover every situation.
If you are unsure whether something is a conflict of interest, start by
asking yourself these questions:
• Could my job performance at Fifth Third be compromised?
• Would I have to use Fifth Third systems, information, resources or Bancorp time?
•
Is there any chance my independent judgment could be compromised?
• Could there be a negative impact on Fifth Third?
• Could an outside observer believe a conflict exists, even if it actually doesn’t?
If you answered “yes” to any of these questions, you should discuss the situation with your manager or HR business partner, or contact the Conflicts
Council at ConflictsCouncil@53.com.
“You are responsible for avoiding conflicts of interest.”
Fifth Third Bancorp Code of Business Conduct & Ethics
25
4.0 Avoiding Conflicts of Interest
4.1
Self-Dealing and Fair Competition
As an employee, you are expected to act in a way that places the interests of Fifth Third above the personal interests of
yourself, your family and your personal friends. Self-dealing occurs when a Fifth Third employee acts in a manner that places the employee’s personal interests (or those of the employee’s family or personal friends) above the interests of
Fifth Third, whether or not the Fifth Third employee receives monetary benefit.
This means, among other things, that transactions or other activity with respect to
your accounts and those of your family and personal friends must be:
• Processed by an impartial Fifth Third employee.
• Consistent with Fifth Third’s established policies, practices and procedures.
• On terms no more favorable than those that are generally available to Fifth Third’s customers.
Additional guidance with respect to self-dealing (including a non-exhaustive list of specific examples of inappropriate conduct) can be
found in Fifth Third’s separate Self-Dealing Policy.
Applicable Policies to Reference:
• Self-Dealing Policy in the Employee Policy Manual.
Q&A
My sister and mother both have Fifth Third accounts. My mother asked me to transfer money from her account into my sister’s account for her birthday. Can I do this?
No, you may not process the transfer for your mother. Under the Self-Dealing Policy, all transactions related to you, your family and friends must be processed by
an impartial Fifth Third employee.
“Transactions must be processed by an impartial Fifth
Third employee.”
Fifth Third Bancorp Code of Business Conduct & Ethics 26
4.0 Avoiding Conflicts of Interest
4.2 Personal
Finances
As an employee, you are expected to conduct your own business activities with Fifth Third, as well as those of family members and personal friends, in a
manner in which you place the interests of Fifth Third above your personal interests and those of your family and your personal friends.
All personal Fifth Third
transactions and transactions related to your family members must be processed by an objective third-party employee.
These transactions include, but are not
limited to:
• Extending personal loans.
• Extending lines of
credit.
• Increasing existing credit lines.
• Commercial loans.
• Mortgage loans.
• Opening checking accounts.
• Issuing certificates of deposit.
• Investment accounts or credit.
Additionally, deposit rates that are outside of Fifth Third’s established methods and practices shall not be assigned to any such accounts. Any attempt to profit personally
outside of Fifth Third’s established compensation system may be considered theft and/or a violation of this policy. You may not request that another Fifth Third employee complete an action prohibited by this policy.
You are expected to manage your Fifth Third accounts in accordance with this policy. Reversals of service fees, late payment charges and other charges to your account must be
processed by an objective third-party employee who has responsibility through normal channels for these transactions. Reversals of service fees, late payment charges and other charges to your account can be made with prior approval from your manager
in accordance with the appropriate business policies and/or processes.
Based on your position or your line of business, you may have additional requirements to
follow. If you have questions, reach out to your manager, HR business partner or legal or compliance representative.
Applicable Policies to Reference:
• Self-dealing Policy in the Employee Policy Manual.
Family member – Defined as any
relative or step-relative, as distant as a first cousin plus spouses, fiancées/ fiancés, domestic partners, former spouses, in-laws and those living in the same household as you.
Fifth Third Bancorp Code of Business Conduct & Ethics
27
4.0 Avoiding Conflicts of Interest
4.3 Outside
Employment and Outside Activities
As an employee of Fifth Third, your activities must not compromise the interests of the Bancorp. Among other things, this means
you cannot profit personally from information or opportunities discovered through your job or take for yourself any corporate opportunity that may otherwise benefit Fifth Third. Similarly, you may not use, or allow others to use, Fifth Third’s
property, information or position for personal gain. The Conflicts Council (ConflictsCouncil@53.com) also must approve, in advance, any type of business venture you may want to pursue with customers or suppliers.
If you are interested in pursuing secondary employment while working at Fifth Third, please see our Secondary Employment policy.
Applicable Policies to Reference:
• Secondary Employment Policy in the Employee Policy
Manual.
4.4 Personal Relationships
A conflict of interest or the appearance
of a conflict can arise when you perform work for a family member or for someone with whom you have a personal relationship. Even if you try to remain objective, it can be difficult. For that reason, if the following employment relationships exist,
approval by your manager and Employee Relations is required:
• When a supervisor/subordinate relationship is created within the same operating unit between
two people with a personal relationship.
• When a real or perceived conflict of interest exists due to employment of family members, or with someone whom you
have a close personal relationship. This includes, but is not limited to, instances in which one person in a personal relationship or someone you have a personal relationship with has or appears to have influence over the other’s compensation,
performance evaluation or job security.
• When you have a personal relationship with someone employed by a third party when that person might have influence
over the third party’s relationship with Fifth Third.
Applicable Policies to Reference:
• Employment of Relatives Policy in the Employee Policy Manual.
Q&A
I’ve been offered an opportunity to teach an amateur photography class at a community center. Can I take it?
Employees who are interested in secondary employment must send a Secondary Employment Approval Form (from the Forms Library) that has been approved by their manager and a VP or
above to Employee Relations. Any secondary employment must not:
• Compete or conflict with Fifth Third interests.
• Have a negative impact on Fifth Third.
• Involve the use of Fifth Third resources.
• Pose a personal conflict of interest.
• Interfere with your work
hours or responsibilities.
Fifth Third Bancorp Code of Business Conduct & Ethics 28
4.0 Avoiding Conflicts of Interest
4.5 Fiduciary
Appointments and Inheritances
You may not act as a personal fiduciary or co-fiduciary of any estate, trust, agency,
guardianship or custodianship account of a Fifth Third customer without approval from the Conflicts Council. This excludes cases where:
• Your fiduciary
responsibility is clearly within the scope of your employment with Fifth Third (e.g., acting as trust officer).
• The customer is a family member or personal
friend whose relationship with you was established apart from your Fifth Third employment.
• Your fiduciary activity is for a civic or charitable association
of which you are a member.
Regardless, you may not have check-signing authority on any Fifth Third account(s) associated with the fiduciary appointment, unless
dual signatures are required.
You must obtain Conflicts Council approval before accepting an appointment as an executor, personal representative, administrator,
custodian, guardian, trustee, attorney-in-fact under a power of attorney or any similar fiduciary or co-fiduciary capacity,
unless the appointment is based on a family or obvious close personal relationship and your position with Fifth Third clearly is not the basis for the appointment.
If you are acting as a fiduciary or co-fiduciary of any estate, trust, agency, guardianship, custodial or other similar
account(s) of a Fifth Third client, either because you received the required approval by the Conflicts Council or because you are acting as fiduciary or co-fiduciary for a family member or close personal
friend, you may not be the Fifth Third employee assigned to service such account(s). In addition, you must adhere to the self-dealing provisions of this policy.
You and your immediate family members* may not accept an inheritance from a client of Fifth Third unless the client is a family member or close personal friend
whose relationship with you was established apart from your Fifth Third employment. If a client names you as a beneficiary, you shall contact the Conflicts Council promptly to discuss how to resolve the conflict.
Applicable Policies to Reference:
• Wealth & Asset Management Fiduciary
Policies & Guidelines.
Q&A
I’m the financial manager for a
local gardening club, which has an account at Fifth Third. I do not work at a retail branch. Can I maintain this position?
The Conflicts Council
(ConflictsCouncil@53.com) must approve your role as a fiduciary agent for the gardening club. Additionally, if your role as financial manager requires you to sign checks on behalf of the gardening club and it is a Fifth Third account, dual
signatures are required.
*For definition of “family member” refer to page 25.
Fifth Third Bancorp Code of Business Conduct & Ethics
4.0 Avoiding Conflicts of Interest
4.6 Gifts and
Entertainment
4.6.1 Receiving Gifts
Accepting gifts, favor and entertainment
are common business practices, but could be misinterpreted as a conflict of interest, even if there is no inappropriate intent and/or if receipt did not influence a business decision. Additionally, the Federal Bank Bribery Act makes it a criminal
offense for employees to (1) solicit for yourself or for a third party anything of value from anyone in return for any business, service or confidential information regarding Fifth Third or our customers, or (2) to accept anything of value
from anyone in connection with the business of Fifth Third, either before or after a transaction is discussed or consummated.
You should avoid accepting gifts, to
eliminate the appearance of impropriety or undue influence, with the following exceptions:
• Ordinary business meals or events.
• Modest holiday gifts.
• Gifts based upon a family relationship or close personal
relationship pre-dating your involvement with Fifth Third.
• Acceptance of loans from other banks or financial
institutions on terms generally available to public at large.
• Acceptance of discounts or rebates on merchandise or services on terms generally available to
the public at large or on terms generally available to Fifth Third employees.
• Single-event sports or entertainment tickets.
Gifts may not be accepted from vendors during a Request for Proposal (RFP) process in which the vendor is participating. These permissible gifts should only be accepted when it is
clear that it was not given with the intent to try and exert influence on a business decision, and the gift is unsolicited. If travel or lodging is necessary, it must be covered by Fifth Third and not by a customer or supplier. Any gift, rebate or
benefit outside of these limited exceptions must be rejected or approved in advance by the Conflicts Council (ConflictsCouncil@53.com).
Fifth Third Bancorp Code of
Business Conduct & Ethics
30
4.0 Avoiding Conflicts of Interest
4.6.2 Giving
Gifts and the Foreign Corrupt Practices Act
There are times when it is appropriate to give gifts; however, there are many laws that regulate the giving of gifts,
especially to government officials. You must comply with all laws regarding giving gifts. You also must never give a gift with the intent for it to influence a business decision.
Commercial business entertainment provided by Fifth Third for suppliers or customers that is reasonable in nature, frequency and cost is permitted. Reasonable business
entertainment would include, for example, a lunch, dinner or occasional sporting or cultural event, or gifts of nominal value (approximately $100 or less).
The
Foreign Corrupt Practices Act (FCPA) and Canada’s Corruption of Foreign Public Officials Act (CFPOA), as well as other laws and regulations, prohibit companies and persons from offering money or “anything of value” to any foreign or
domestic government official for the purpose of influencing that official. The consequences of violating the FCPA are extremely severe, including possible civil and criminal penalties for both Fifth Third and associated individual(s). In the United
States, nothing of value may be provided to government personnel unless clearly permitted by law and any applicable regulation.
Under FCPA, so-called “facilitating payments” made in foreign countries to low-level government employees may be permissible in certain circumstances. Any such transaction or
payment must be pre-authorized by Fifth Third’s Legal Department.
Applicable Policies to Reference:
• Ethics Guidelines for Gifts and Gratuities to Public Officials and Employees.
•
Travel and Entertainment Policy.
“You must comply with all laws regarding giving gifts.”
Fifth Third Bancorp Code of Business Conduct & Ethics 31
4.0 Avoiding Conflicts of Interest
4.7
Recommendation of Professionals or Products
If a recommendation is requested from you in your capacity as a Fifth Third employee regarding professional services
such as those offered by accountants, attorneys, investment bankers, real estate agents or insurance agents, or regarding products to be leased or purchased, you should not recommend any specific professional, supplier or product unless, in every
case, you:
• Provide several professional or products recommendations based on results (if possible) without indicating any favoritism.
• Be familiar with the work of all of the professionals you name and are satisfied that they are competent and ethical.
• Believe that the recommendation will reflect positively upon Fifth Third.
You never
should recommend a professional, supplier or product if you or a member of your immediate family receives personal benefits as a result of your recommendation.
4.8
Use of Suppliers, Vendors or Consultant
You should avoid recommending or using your position to influence the use of a supplier, vendor or consultant if you or
members of your immediate family receive any personal benefits as a result of our recommendation. A request for an exception may be submitted to the Conflicts Council (ConflictsCouncil@53.com).
4.9 Political Activities and Government Affairs
We respect your right to engage in personal
political activities, as long as they are legal and appropriate for your position at Fifth Third and do not involve Fifth Third time or resources (including, but not limited to, communication methods including email, client lists, stationery,
facilities or supplies). You must ensure you represent yourself as an individual and not as a representative of Fifth Third. It is important that you also comply with any special guidance or laws that may apply to your line of business or your
position with Fifth Third.
Fifth Third Bancorp Code of Business Conduct & Ethics
32
4.0 Avoiding Conflicts of Interest
4.9.1 Running
for Office
Prior approval by the Conflicts Council (ConflictsCouncil@53.com) must be obtained before an appointment or nomination to any public office is accepted,
or before you become a candidate for public office. The Conflicts Council will consider a variety of factors, including the level of interference with Fifth Third job responsibilities, compliance requirements and conflicts of interest (including
alienation of customers). The Conflicts Council will not base a decision on the party affiliations of the potential candidate. You may not accept compensation for your service in public office.
4.9.2 Lobbying & Political Contributions on Behalf of Fifth Third
Fifth Third’s
political actions are restricted by federal and state laws and regulations, including those regarding the administration of our Political Action Committee (PAC). The Fifth Third PAC is funded through voluntary contributions from eligible employees.
It is used to build relationships with policymakers regardless of political affiliation. Any political contribution you make or facilitate on behalf of Fifth Third, as well as lobbying or communication contact with elected officials, on behalf of
Fifth Third, must be approved in advance by our Government Affairs Department and be compliant with all legal requirements.
Outside of participation in the Fifth
Third PAC, on behalf of Fifth Third Bancorp, you may not solicit or contribute funds for political purposes or engage in any other political activity.
4.9.3 Gifts
and Entertainment for Public Officials
Under the Honest Leadership and Open Government Act (HLOGA), gifts to members of Congress and congressional staff from
individual federal lobbyists and the companies that employ or retain them generally are prohibited. Since Fifth Third employs registered lobbyists, this law is applicable to Fifth Third and its employees.
Lobbyists and their employers must not give members of Congress or congressional staff gifts of any value, unless an exception to this prohibition applies. As this ban on gifts
applies to the entire Bancorp, no Fifth Third employee may provide any gift of any value to members of Congress or their staff without prior authorization from Government Affairs.
Applicable Policies to Reference:
• Fifth Third Bancorp Government Affairs Policy.
• Honest Leadership and Open Government Act Policy.
Q&A
I am very involved in local politics, and would like to volunteer on a friend’s campaign for a city office. Can I do this?
You may volunteer personally as long as you do not use any Fifth Third resources or time, you are clear that you are not representing Fifth Third, and your participation does not
conflict with any specific laws or guidelines that apply to your position or Line of Business.
Fifth Third Bancorp Code of Business Conduct & Ethics
33
4.0 Avoiding Conflicts of Interest
4.10 Board
Membership
4.10.1 Serving on For-Profit Boards
Various laws prohibit certain corporate directorships and management positions or otherwise restrict corporate directorships. Accordingly, you may not serve as a director of a
publicly traded corporation or a large, privately held for-profit business without approval from the Conflicts Council (ConflictsCouncil@53.com). Even with such approval, you may not have lending authority or
other relationship responsibility for such company or organization and you shall resign your participation or service if and when it is reasonably likely that such company or organization will default on any loan(s) from Fifth Third or will or has
engaged in any other act or wrongdoing that would compromise your duty to Fifth Third.
4.10.2 Serving on Non-Profit Boards
Fifth Third encourages employees to engage in volunteer work and responsible civic work. You may serve as an officer or board member of a nonprofit, family,
community or charitable organization as long as it doesn’t present a conflict of interest or unduly interfere with your job responsibilities. In such a role, you should not participate in any discussions, decisions or votes regarding Fifth
Third. If the organization is a Fifth Third client, you only may have check-signing authority if dual signatures are required.
Q&A
I’ve been asked to become a member of the board for a non-profit community organization that I’ve volunteered with for years. Is
this acceptable?
As long as serving on the board does not create a conflict of interest or interfere with your Fifth Third responsibilities, this would be
acceptable. Remember to log any time spent on board activities into the Fifth Third Serves system.
“Fifth Third encourages employees to
engage in volunteer work and responsible civic work.”
Third Bancorp Code of Business Conduct & Ethics
34
5.0 Protecting Fifth Third and Our Customers
Fifth
Third Bancorp Code of Business Conduct & Ethics 35
5.0 Protecting Fifth Third and Our Customers
5.1
Protection and Proper Use of Bancorp Assets
As part of your job, you have access to and use many types of resources owned by Fifth Third. You must use these
resources only for legitimate business purposes and protect them from theft, loss, damage, waste or abuse. You also must ensure your use of any Fifth Third asset is properly authorized. Please remember that your work time is considered to be a
valuable Fifth Third resource, as well. Limit personal activities during work time to avoid interfering with your productivity or that of others.
You must not:
• Take opportunities that are discovered through the use of Fifth Third property, information or positions.
• Compete with Fifth Third.
• Steal, embezzle or misappropriate money, funds or
anything of value from Fifth Third or our customers.
• Use Bancorp-owned assets for personal gain or advantage.
• Remove Bancorp-owned assets from facilities unless you have your manager’s approval.
• Use the corporate brand, logos, documents or the Fifth Third name for personal or commercial gain.
• Misuse your internet, phone or email privileges.
During your non-work time, you are permitted personal use of the internet, email and any other of Fifth Third’s electronic tools. Fifth Third may monitor and inspect your use of these resources to ensure productivity is
not negatively impacted, that the integrity of the systems is maintained and that activities are avoided that could pose a risk to Fifth Third. You should have no expectation of privacy when using Bancorp-owned technology or communication platforms.
Fifth Third Bancorp Code of Business Conduct & Ethics 36
5.0 Protecting Fifth Third and Our Customers
Bancorp-owned assets include, but are not limited to: • Customer lists or information. • Databases. • Intellectual property. • Reference
materials. • Computer software or technology. • Innovations. • Files. • Records. • Data processing systems.
• Furnishings. •
Information about corporate or customer transactions. • Supplies or equipment. • Money and funds. • Reports. • The Bancorp’s private computer systems, including your email and your internet access. • Ideas. While
employed by Fifth Third, all work product that you produce are and shall remain the sole and exclusive property of Fifth Third. Even though information such as customer and prospect names, presentation materials, marketing materials, product
information or business methods or processes may otherwise be available to the general public, it remains the property of Fifth Third. You shall have no personal rights to such information or products either during or after employment with Fifth
Third.
Any violation or abuse of the terms associated with the protection and proper use of Fifth Third assets subjects you to potential disciplinary action, up to
and including termination and potential legal action.
Applicable Policies to Reference:
• Information Disclosure Policy for Employees, Officers and Directors in the Employee Policy Manual.
• Disclosure Committee Guideline.
• Information Classification and Handling
Standards.
Fifth Third Bancorp Code of Business Conduct & Ethics
37
5.0 Protecting Fifth Third and Our Customers
5.2
Maintaining Accurate Records and Accounts
Business and financial records are critical to Fifth Third Bancorp’s operations. We rely on the integrity and
accuracy of those records for both internal decision making and for the benefit of our investors, government agencies, regulators and others to whom we report. It is imperative that all records and public communications, including, but not limited
to, those filed and/or produced with the Securities Exchange Commission, are complete, fair, accurate, timely, clear and transparent. Fifth Third has a Disclosure Council and Disclosure Council Guidelines that govern filing and disclosures.
Depending on your position with Fifth Third, you may be called upon to provide necessary information to assure that Fifth Third’s filings and public records meet these standards. You must be candid and accurate when providing information for
these documents and never make false or misleading entries, and must provide prompt, accurate answers to inquiries from the Disclosure Council of Fifth Third management related to Fifth Third’s filing and public disclosure requirements.
Q&A
I was processing some loan paperwork for a customer and I noticed he
didn’t initial one of the pages. I called him to let him know and he said he didn’t have time to come to the Bank, and asked me to sign for him because it was just an oversight. Can I fill in his initials in this situation?
You may not fill in the customer acknowledgement fields. The process requires those fields to be initialed by the customer, and to violate this process jeopardizes the legal
integrity of the document. It is critical that the Bank’s records are in complete compliance with all internal policies and legal requirements.
“Business
and financial records are critical to Fifth Third Bancorp’s operations.”
Fifth Third Bancorp Code of Business Conduct & Ethics
38
5.0 Protecting Fifth Third and Our Customers
5.3
Information Security
All employees are expected to be security conscious. Security consciousness is the state of being aware of the sensitivity of information and
its protection needs.
5.3.1 Protecting Customer, Supplier and Other Confidential Information
Any information not lawfully and publicly available needs to be protected. It is best to protect all information unless it has been publicly announced or otherwise disseminated in
a way that does not breach any confidentiality or fiduciary duty.
Non-public/sensitive information includes, but is not
limited to:
• All oral and written communications and information relating to Fifth Third or our past, present or prospective customers, suppliers,
shareholders or employees of Fifth Third.
• Any work product that is generated while at Fifth Third, such as computer programs, technical or business process
documentation and marketing materials not yet released.
• Financial information, including results, budgets, business plans and projections.
• Information on potential mergers, acquisitions, investments or divestitures.
•
Information regarding employees, including salary and personal information.
• Information that is intended solely for internal use, such as email distribution
lists and internal memos.
• Information about our vendors or outsourced products and services.
It is important to understand and comply with all laws, regulations and Fifth Third policies that restrict using, disclosing, retaining, accessing or destroying information that
needs to be protected.
Accessing Information
Access to sensitive information
must be based on a legitimate business need. Only access the information needed to perform your job. Any unauthorized access, update or use of Fifth Third systems or data is prohibited.
Fifth Third Bancorp Code of Business Conduct & Ethics
39
5.0 Protecting Fifth Third and Our Customers Public kiosks or workstations, such as those found in airports, hotels and libraries, must
not be used for remotely accessing sensitive information. Protect your user name/ID and password, as it is the means of accessing Fifth Third information. You are responsible for activities tied to your user ID. Applicable Policies to Reference:
• Acceptable Use Policy in the Employee Policy Manual. • Information Classification and Handling Standard. 5.3.2 Information Disclosure Managing Information It is important to ensure the accuracy, completeness and proper maintenance of
records, data and any information that Fifth Third owns, creates, collects, uses and manages. Proper information management includes: • Following Fifth Third’s Information Disclosure Policy, which deals with the handling of information
about Fifth Third and partner companies, as well as trading in stock and other securities. • Understanding how long to keep information; especially that which relates to a pending, threatening or foreseeable investigation audit, regulatory
examination or legal proceeding. • Implementing the correct manner to dispose of information. • Protecting your workspace. Conceal sensitive information and lock (password protect) your computer when away from your desk. • Ensuring
the identity of the receiving party when making or receiving phone calls. • Being cognizant of eavesdroppers and others present when a speakerphone is used. • Never leaving sensitive data on answering machines. • Becoming familiar
with the Information Classification and Handling Standard, Retention and Destruction Standard and Clean Workspace Guidance. Q&A I receive an important monthly report that is often late because the employee who generates it is very busy. She
offered me her password to the reporting system so that I could get my own reports when I need them. Is this acceptable?
You may not use another employee’s
credentials to access a system. If you have a business need to access a certain system, you should submit an access request.
Fifth Third Bancorp Code of Business
Conduct & Ethics
40
5.0 Protecting Fifth Third and Our Customers
Be
aware
The information entrusted to us has value to cyber criminals. Don’t put this information at risk.
• Maintain information security in your workspace, following the Clean Workspace Guidance.
• Be suspicious of external email, especially those with attachments and links.
• Never provide your password, username or account number, even if the source appears to be legitimate.
• Only provide information to individuals based on their need to know.
• Question
suspicious activity in your work area.
• Report suspicious emails, phone calls or text messages using the resources listed on Page 7.
5.3.3 Photographing and Recording
Taking pictures or making audio recordings on Fifth Third
premises, unless authorized, is prohibited. This includes unauthorized recording of conversations with employees or customers without their knowledge or permission. Employees should have no expectation of privacy with regard to calls and emails
using Fifth Third systems. Employee calls and emails may be monitored or recorded at any time. Photographing any customer information, unless approved by Bank Protection or legal representatives, is prohibited.
Applicable Policies to Reference:
• Information Disclosure Policy for Employees, Officers
and Directors in the Employee Policy Manual.
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41
5.0 Protecting Fifth Third and Our Customers
5.4
Records Retention and Legal Hold Fifth Third Bancorp is required to maintain certain records to meet our legal, tax and regulatory requirements. Employees are responsible for adhering to the Records Retention policy and securely disposing of records
no longer needed. If there is a situation where you are notified that your documents are put on “legal hold,” you are required to comply and abide by the notification. Applicable Policies to Reference: • Record Retention Policy.
• Document Data Preservation and Litigation Hold Policy. 5.5 Leaving Fifth Third When your employment with Fifth Third ends, you still have continuing obligations to the Bancorp. These include: • Returning all Bancorp property and
sensitive information. • Maintaining the confidentiality of Fifth Third information, as well as the information of those individuals and companies that do business with us. • Adhering to any contractual agreements with Fifth Third,
including non-disclosure, non-solicitation or other legal obligations. • Refraining from buying or selling securities while in the possession of material non-public information (MNPI). • Assisting with investigations, litigation and protection of Fifth Third intellectual property (IP). Applicable Policies to Reference: • Enterprise Information Wall Policy.
• Employee Trading Policy. • Corporate Policy Regarding Insider Trading and Section 16 Reporting. Q&A A former Fifth Third co-worker now works for another bank. I received some documents
from someone else at the same bank that are almost identical to a project my former co-worker had worked on at Fifth Third. Should I let someone know? It’s possible that the information you received is
the intellectual property of Fifth Third, which employees must leave with the Bank when their employment ends. You should contact Information Security or Fifth Third’s EthicsLine
(877-FOR-5353) so that the situation can be looked into appropriately. Fifth Third Bancorp Code of Business Conduct & Ethics 42
6.0 Ensuring Responsible Communications About Fifth Third Fifth Third Bancorp Code of Business Conduct & Ethics 43
6.0 Protecting Fifth Third and Our Customers
One
of our highest priorities at Fifth Third is ensuring that information conveyed about the Bancorp is accurate, consistent with our official views and our Core Values, and is communicated by employees who are authorized to speak on our behalf and
fully trained and qualified to do so.
Only authorized spokespeople are permitted to communicate on behalf of Fifth Third in any public forum. In addition to
traditional media such as broadcast and print, this includes conferences, social media, online forums, blogs, message boards and other web-based channels. This ensures consistency of message, protection of
Fifth Third’s brand and reputation and adherence to applicable laws and regulations.
6.1 Representing Fifth Third
There are exceptions to this policy, including representing Fifth Third at an industry trade conference or a similar setting. Appearances must be approved first by your manager,
and then by Corporate Communications. In addition, all prepared materials such as presentation slides or speech scripts must be reviewed in advance by Corporate Communications. Material will be reviewed for brand integrity as well as the
permissibility of information disclosure. Corporate Communications will provide these materials for review to the Bancorp’s Disclosure Council for editing and for approval from legal and compliance representatives. Any comments made about Fifth
Third during the actual event must follow all Bancorp policies, and if personal observations are made, it must be clear that the views expressed are not those of Fifth Third.
Q&A
I’ve been invited to a local college to give a banking presentation to a class.
Do I need to request approval to do this?
Before any appearance where you are representing Fifth Third, you must have the approval of your manager and Corporate
Communications (a list of contacts is available on the Corporate Communications ILP). If approved, Corporate Communications will need to review any materials or notes prior to your presentation.
“Material will be reviewed for brand integrity.”
Fifth Third Bancorp Code of Business Conduct & Ethics 44
6.0 Protecting Fifth Third and Our Customers
6.2
Media Inquiries
All media inquiries seeking comment or information from Fifth Third, without exception, must be forwarded to Corporate Communications. These may be
forwarded to individuals in Corporate Communications at the Bancorp level or an authorized individual such as a regional communications manager. Corporate Communications is the only function authorized to initiate contact on behalf of Fifth Third.
This ensures consistency of messaging and that all communications are made in full compliance with all applicable laws and regulations.
6.3 Social Media
Social media has become a critical communication channel for Fifth Third, both to address customer needs and inquiries and to provide information during a crisis.
It is important that our social media use contributes positively to our image as a potential employer.
Fifth Third seeks to ensure that our identity, brand,
integrity and reputation are protected and advanced. Social media use in service of, or related to, your Fifth Third employment should be consistent with our Core Values and help achieve our business objectives. The same objectives found throughout
this Code that pertain to other activities are also relevant for social media use.
Outlined fully in the Social Media Use Policy, the guidelines include:
• Being transparent and making necessary disclosures, including disclosing one’s status as an employee when referring to Fifth Third matters.
• Not making unauthorized disclosure of restricted or confidential information.
•
Obtaining all necessary permissions for images or material protected as intellectual property.
• Ensuring truthfulness, accuracy and respect.
Every employee is obligated to make clear that they are not official Bancorp spokespeople. Only authorized employees may respond to negative comments about Fifth Third or our
employees.
The Bancorp has extensive rules related to business use of Fifth Third-sponsored social media and sites that are directly relevant to business
generation, such as LinkedIn. You are responsible for reviewing Fifth Third’s Social Media Use Policy.
Q&A
I’d like to post some information about a new Fifth Third product on my Facebook, because I think many of my friends would be interested. Since the product is publicly
available, is this acceptable?
Employees are generally discouraged from making personal posts about Fifth Third products or services. Fifth Third has designated
corporate social media accounts and authorized users who are familiar with regulatory guidance concerning online marketing activities. In this situation, it might be best to direct your friends to the product information available online.
Fifth Third Bancorp Code of Business Conduct & Ethics 45
6.0 Protecting Fifth Third and Our Customers
Our
Code of Conduct does not apply to your personal use of social media if Fifth Third information systems are not used and no reference is made to Fifth Third or our business interests. You should be aware, however, that personal use may be subject to
other policies, including this entire Code, and policies related to anti-discrimination, harassment and retaliation.
Nothing in this Code shall be construed as
prohibiting any conduct, including concerted activity, protected by applicable law.
Applicable Policies to Reference:
• Social Media Use Policy in the Employee Policy Manual.
• Communication with
Outside Agencies and the Press Policy in the Employee Policy Manual.
• Acceptable Use Policy in the Employee Policy Manual.
• Information Disclosure Policy.
“Fifth Third seeks to ensure
that our identity, brand, integrity and reputation are protected and advanced.”
Fifth
Third Bancorp Code of Business Conduct & Ethics
Glossary
Antitrust Laws: Laws and statutes that
protect consumers from predatory business practices, by promoting fair competition. Bribery: Offering, promising or soliciting anything of value in exchange for preferential treatment or special favors, or to influence the actions of a person in
charge of an official process. Confidential Information: Information that is not appropriate for broad or indiscriminate distribution. If disclosed, confidential information could reduce the Bank’s competitive advantage or cause damage to the
image or financial standing of the Bank, a business partner, employee, or customer. Conflict of Interest: An outside interest or relationship that could interfere, or appears to interfere, with an employee’s Fifth Third responsibilities.
Currency Transaction Report (CTR): A report that U.S. financial institutions are required to file with FinCEN for each deposit, withdrawal, exchange of currency, or other payment or transfer, by, through, or to the financial institution involving a
currency transaction of more than $10,000. Customer Complaint: Any unwritten or escalated verbal communication stating that something is unfair, unsatisfactory or unacceptable, or that notes the consumer is dissatisfied in regard to a product,
service, location or employee. Derivatives: A security with a price that is dependent upon or derived from one or more underlying assets. Its value is determined by fluctuations in the underlying asset. Discrimination: Treating an employee unfairly
or differently from others, based on a group or category the employee is perceived to belong to, including (but not limited to): race, color, national origin or ancestry, religion, physical or intellectual disability, sexual orientation, gender
identity, etc. Family Member: Any relative or step-relative as distant as a first cousin, including spouses, former spouses, fiancées/fiancés, domestic partners, in-laws and those living in your
household. Fraud: Wrongful or criminal deception intended to result in financial or personal gain. Government Official: Any officer, employee, or agent of: any government agency, department or body; any government-controlled entities; any
international organizations; or any political parties or candidates. Harassment: Actions or behavior that create a hostile or intimidating work environment. Incentive Gaming: Unethically manipulating a pay-for-performance system to “earn” the compensation or benefit, without actually achieving the target. Information Management: Handling, transmitting, storing, and securing information related to
Fifth Third in compliance with internal procedures and policies. Intellectual Property: Any products or ideas resulting from a thought, including (but not limited to): information, ideas, work products, processes, techniques, patents, copyrights,
trademarks, trade secrets, reports, data, etc. Material Non-Public Information: Any information that has not been made public that a reasonable investor would consider important in making an investment
decision. Money Laundering: Attempting to conceal illegally-obtained money by making them appear legal, usually through a series of complex transfers. Proprietary Information: Information unique to Fifth Third that may provide a competitive
advantage, and should be kept confidential. Retaliation: Taking adverse actions against someone in response to their report of a violation of the Code of Business Conduct and Ethics, an internal policy, or some other concern. Securities: Tradable
financial assets, such as stocks, bonds, debentures, options, partnership interests, and other equity or debt interests. Self-Dealing: When an employee conducts business, or requests that another employee conduct business, in a manner that places
the employee’s personal interests above the interests of Fifth Third, regardless of whether the Fifth Third employee receives monetary benefit. Social Media: Websites, applications, or electronic forums that allow users to create and share
content and interact electronically. Fifth Third Bancorp Code of Business Conduct & Ethics 47
Any material waivers of this Code for executive officers or directors of Fifth Third Bancorp may be made only by the Board of Directors
of Fifth Third upon the recommendation of the Audit Committee; waivers will be publicly disclosed as required by SEC or NASDAQ rules. Any waivers of this Code for other employees may be made by the Conflicts Council as outlined in the Code. Any
waivers of this Code for other personnel may be made by the Conflicts Council as outlined in this Code. Waiver of a specific provision of this Code with respect to an individual shall not operate as a waiver of that individual’s compliance with
other requirements of this Code. 1) Nothing in this Code or any other Fifth Third agreement or policy is intended to prohibit or restrict you from participating in, testifying, or assisting in any investigation, hearing, whistleblower proceeding, or
filing a complaint with any federal, state, or local government agency or commission, including providing documents or other information without notice to Fifth Third. 2) If a report is made against and employee and the investigation is
substantiated, prompt and corrective action will be taken, up to and including termination of employment.
Fifth Third Bancorp Code of Business Conduct &
Ethics
48
