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Fifth Third Completes $11 Billion Comerica Buyout
The $11 billion merger expands Fifth Third's footprint to about 1,750 branches by 2030, with half in high-growth regions including Southeast and Texas.
- On Feb. 2, 2026, Fifth Third Bancorp completed its merger with Comerica Incorporated, creating the ninth-largest bank with $294 billion in assets.
- After shareholder and regulatory approvals, shareholders of Fifth Third and Comerica approved the deal on Jan. 6 and federal regulators cleared it on Jan. 13 following a $10.9 billion all-stock agreement.
- The merger adds more than 350 branches, aiming for about 1,750 by 2030, and will operate in 17 of the 20 fastest-growing markets including Texas, Arizona, California, and the Southeast.
- As the banks combine operations, Fifth Third expects about $850 million in cuts, including unspecified branch and corporate reductions, after recent layoffs affecting Comerica employees and branch closures in Michigan and Texas.
- Officials said the combined company gains two $1 billion fee businesses; Comerica locations will retain their brand until full conversions in the third quarter, with potential changes to downtown Dallas real estate and naming rights.
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Fifth Third Bank Finishes Merger with Comerica Bank
PODCAST: Feb. 2, 2026 ~ David Girodat, Michigan regional chairman of Fifth Third Bank, talks to Chris Renwick, Lloyd Jackson, and Jamie Edmonds about the effects of the merger with Comerica Bank.DETROIT ~ The merger between Fifth Third Bancorp and Comerica Inc. was officially finalized Monday, becoming the ninth-largest bank in the U.S. Comerica, which is based in Detroit, was bought by Fifth Third for $10.9 billion in the fall of 2025, …
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Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
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86% Center
C 86%
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