The Wall Street Journal-20080115-Fifth Third Bancorp- First Charter Deal Set For 2nd Quarter Closing

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Fifth Third Bancorp: First Charter Deal Set For 2nd Quarter Closing

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Fifth Third Bancorp now expects its $1.09 billion acquisition of First Charter Corp. to close in the second quarter, although it said in a Securities and Exchange Commission filing yesterday that it can give "no assurance" that the deal will close then. The merger, which had been expected to close in the first quarter, was approved by the North Carolina Commissioner of Banks on Oct. 22 but hasn't been approved by the Federal Reserve Board. Fifth Third said it has responded to information requests from the Fed and is responding to more.