Fifth Third Bancorp to Acquire Comerica in $10.9 Billion All-Stock Deal
Fifth Third Bancorp is acquiring Comerica for $10.9 billion in an all-stock deal, creating America's ninth-largest bank with expanded operations across the Southeast, Texas, and California.
Overview
- Fifth Third Bancorp announced its plan to acquire Comerica in a significant $10.9 billion all-stock transaction, aiming to form one of the largest banks in the United States.
- This merger will establish America's ninth-largest bank, significantly expanding its operational footprint across key regions including the Southeast, Texas, and California.
- Under the terms, Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share, resulting in Fifth Third shareholders owning 73% of the combined entity.
- The acquisition is an all-stock deal valued at $10.9 billion and is anticipated to be finalized by the end of the first quarter of 2026, pending regulatory approvals.
- Following the deal's completion, three members from Comerica's board will join Fifth Third's board, while Comerica's shares rose 12% and Fifth Third's fell 3% on the news.
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Analysis
Center-leaning sources cover this story neutrally, focusing on factual reporting of the Fifth Third Bancorp acquisition of Comerica. They present the financial details, strategic rationale, and market context without employing loaded language or biased emphasis. The coverage prioritizes objective information, allowing readers to form their own conclusions about the corporate transaction and its implications for the regional banking sector.
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FAQ
Customers will experience more convenience with a larger network of branches and ATMs across the Midwest, Southeast, Texas, and California, broader capabilities combining Fifth Third’s award-winning mobile app and Comerica’s commercial banking expertise, and a continued commitment to local service and community investment.
After the merger, Fifth Third shareholders will own 73% of the combined entity, while Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share.
The acquisition, valued at $10.9 billion, is anticipated to be finalized by the end of the first quarter of 2026, pending regulatory approvals.
Currently, no action is required from customers; accounts, online and mobile logins, cards, checks, fees, and customer contacts remain unchanged. Comerica and Fifth Third will continue to operate separately until the deal closes.
Following completion of the deal, three members from Comerica's board will join Fifth Third's board as part of the combined company's governance structure.
History
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