Fifth Third Bank to Acquire Comerica
Deal will make it one of the top ten banks in the United States
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- Written by Banking Exchange staff
Fifth Third Bank announced it will acquire Comerica in the first quarter of 2026.
The deal will bring about a bank with over $280 billion in assets, taking it to one of the top ten banks in the United States.
In early trading, Comerica stock shares grew due to the announcement Monday morning. Fifth Third Bancorp will purchase the bank with an all stock deal worth almost $11 billion.
Fifth Third CEO Tim Spence said, “This combination marks a pivotal moment for Fifth Third as we accelerate our strategy to build density in high-growth markets and deepen our commercial capabilities.”
The deal is thought to be just one of many coming in the regional bank space, as regulations have loosened and consolidation was already gaining momentum before the new administration.
Tagged under Mergers Acquisitions; M&A; Feature3; Feature;