Original (Reuters):
“Fifth Third, Comerica enter $10.9 billion deal to create ninth-largest US bank …” Reuters
In a landmark transaction, Fifth Third Bancorp has agreed to acquire Comerica Inc. in an all-stock merger valued at $10.9 billion. Upon closing, the combined institution would become the ninth-largest bank in the U.S. by assets. Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share, giving them a roughly 27 % stake in the new entity, while Fifth Third shareholders will own about 73 %. The merger is expected to close in the first quarter of 2026, and aims to expand Fifth Third’s footprint in fast-growing markets across the Sunbelt, Texas, California, and the Southeast. Analysts see this as a continuation of regional bank consolidation, driven in part by regulatory tailwinds and competitive pressures.
Why it matters for consumers: Larger regional banks can often invest more into technology, branch networks, and product offerings — but mergers also bring integration risks, changes in customer terms, and branch consolidations.
Credit & link: Original story by Reuters — “Fifth Third, Comerica enter $10.9 billion deal to create ninth-largest US bank” Reuters