Fifth Third to Acquire Comerica for $10.9B
Fifth Third Bancorp announced on October 6, 2025 that it will acquire Comerica in an all‑stock transaction valued at $10.9 billion. The deal will create the ninth‑largest U.S. bank with roughly $288 billion in assets, concentrate branch presence across the Southeast, Texas, Arizona and California, and leave Fifth Third shareholders owning about 73% of the combined company and Comerica shareholders about 27%; the transaction is expected to close at the end of Q1 2026 pending shareholder approvals.
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📌 Key Facts
- Transaction value: $10.9 billion, all‑stock; Comerica shareholders receive 1.8663 Fifth Third shares per Comerica share (equivalent to $82.88 based on Fifth Third's closing price cited).
- Combined scale: approximately $288 billion in assets; expected to become the 9th largest U.S. bank.
- Ownership and governance: Fifth Third shareholders to own ~73% and Comerica ~27%; three Comerica board members will join Fifth Third’s board; deal expected to close end of Q1 2026 after shareholder votes.