On October 8, 2025, Fifth Third Bancorp (NASDAQ: FITB) and Comerica Incorporated (NYSE: CMA) announced a definitive merger agreement under which Fifth Third will acquire Comerica in an all‑stock transaction valued at $10.9 billion. The deal will be structured as a 1.8663‑to‑1 share exchange, giving Fifth Third shareholders 73% of the combined entity and Comerica shareholders 27%.
The transaction will create the ninth‑largest bank in the United States, with combined assets of approximately $288 billion. By adding Comerica’s 13‑state footprint—including strong presences in Texas, California, and the Southeast—Fifth Third will significantly expand its geographic reach and deepen its commercial banking capabilities. The merger also provides access to Comerica’s robust middle‑market loan portfolio and its established wealth‑management platform, aligning with Fifth Third’s growth strategy in high‑potential markets.
The parties expect the transaction to close at the end of the first quarter of 2026, subject to customary regulatory approvals and shareholder consent. The announcement marks a pivotal expansion for Fifth Third, positioning it to compete more effectively with larger national banks while reinforcing its focus on stability, profitability, and growth.
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