10/06/2025

Fifth Third Bancorp to Buy Comerica for $10.9 Billion in All-stock Deal

Upon completion, the merged entity will be the ninth-largest U.S. bank

On Monday, Fifth Third Bancorp said it will acquire fellow regional bank Comerica for $10.9 billion in an all-stock deal that will create one of the largest U.S. banks by assets.

When the deal closes, it will create the ninth-largest U.S. bank — with roughly $288 billion in assets. The transaction is expected to finalize in the first quarter of 2026.

"The things that have defined Fifth Third over the course of the past 10 years have been this focus on stability, profitability and our ability to drive organic growth," said Fifth Third CEO Tim Spence to CNBC "Squawk Box." "What's defined Comerica is an incredible middle-market commercial banking platform, and the access that Comerica has to high-growth markets like Texas and large economies like California."

Please select this link to read the complete article from CNBC.