"The transaction was announced in October 2025, when companies signed a definitive merger agreement in an all-stock transaction valued at $10.9 billion. Fifth Third said it will now operate in 17 of the 20 fastest-growing large U.S. markets, including parts of the Southeast, Texas and California, while maintaining a significant presence in the Midwest. By 2030, Fifth Third said it plans to operate about 1,750 branches, with more than half located in the Southeast, Texas, Arizona and California."
"We are thrilled to announce we have closed our merger with Comerica, said Tim Spence, chairman, CEO and president of Fifth Third. 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. Together, we are creating a stronger, more diversified bank that is well-positioned to deliver exceptional value for our shareholders, customers, communities and teammates starting today, and over the long-term."
The merger closed after an October 2025 definitive agreement, creating a combined bank valued at $10.9 billion in an all-stock transaction. The combined franchise will operate in 17 of the 20 fastest-growing large U.S. markets while keeping a strong Midwest presence. By 2030 the bank plans about 1,750 branches, with more than half in the Southeast, Texas, Arizona and California. The combined company will include two fee-based businesses—commercial payments and wealth and asset management—each expected to generate roughly $1 billion in annual recurring revenue. Integration teams will continue working, customers will retain existing coverage and full conversions are expected in the third quarter.
Read at www.housingwire.com
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