Fifth Third Bancorp completed its acquisition of Comerica on 1 February 2026, announcing the closing on 2 February and finalising a $10.9 billion all-stock transaction. The deal, which was announced on 6 October 2025, creates the ninth-largest bank in the United States by assets, according to the press release issued by Fifth Third. The completion follows a regulatory review process that included engagement with the Federal Reserve and the Office of the Comptroller of the Currency.
The combination expands Fifth Third's commercial banking presence beyond its Midwestern base. Through the transaction, Fifth Third gains access to Comerica's middle-market commercial franchise in Texas, California and Arizona.
COMERICA'S MIDDLE-MARKET FRANCHISE
Comerica is a lender to mid-sized businesses, particularly in Michigan, where it was founded, and in Texas, where it has been headquartered since 2007, and in California's technology and life sciences sectors.
The all-stock structure of the transaction meant Comerica shareholders received Fifth Third equity rather than cash.
Fifth Third said in its press release that the combination would accelerate its strategy to build density in high-growth markets.
SAME-DAY CLOSINGS
The 1 February 2026 completion date coincided with the closing of another regional bank merger: Huntington Bancshares' acquisition of Cadence Bank.
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