Fifth Third Bancorp (Nasdaq: FITB) and Comerica Incorporated (NYSE: CMA) have received all material approvals to merge, forming the ninth largest U.S. bank with $290 billion in assets.
The transaction is on track to close on February 1, 2026, pending customary closing conditions.
Integration teams are ensuring a smooth transition for employees and customers, with full system and brand conversions expected later this year.
The merger will significantly expand the new entity's reach and enhance its competitive position in key U.S. markets, including the Midwest, Southeast, Texas, and California.
Creation of Stronger Bank
The merger will create a more diversified bank with leading capabilities across multiple regions in the U.S., enhancing its resilience and market presence.
Complementary Strengths
The combined entity aims to leverage expanded footprints and strengths to provide exceptional value to customers, driving customer loyalty and revenue growth.
Financial Benefits
The merger is expected to result in immediate earnings accretion, maintain tangible book value per share, and unlock significant annual revenue synergies exceeding half a billion dollars.
- The approval of the merger by the Board of Governors of the Federal Reserve System marks a significant milestone in the process, underscoring the regulatory and strategic significance of the deal.
- The combined entity is set to establish a formidable market position across multiple regions, leveraging its expanded presence to capture market share and compete effectively with larger peers.
The merger between Fifth Third Bancorp and Comerica Incorporated is poised to reshape the U.S. banking landscape with a stronger, more competitive, and innovative banking institution that is well-positioned for growth and value creation.