Shareholders of Fifth Third Bancorp and stockholders of Comerica Incorporated have voted to approve the proposed merger of the two companies.
The transaction is expected to close in the first quarter of 2026, subject to satisfaction of remaining customary closing conditions.
The merger will create the ninth largest US bank with $290 billion in assets and a footprint spanning 17 of the 20 fastest-growing large markets in the U.S.
Fifth Third and Comerica combine forces to leverage retail and digital capabilities, aiming to enhance value for customers, communities, and shareholders through tailored financial solutions.
Shareholder Approval
The overwhelming 99.7% approval from shareholders for the Fifth Third and Comerica merger underscores strong investor support for the strategic combination.
Merger Benefits
By merging retail and digital strengths, the new entity is poised to offer exceptional service, drive innovation, and create value for all stakeholders in the competitive financial services landscape.
Future Growth
The merged entity is strategically positioned to pursue sustained growth, make strategic investments, and effectively compete in the long term, signaling a commitment to long-term value creation.
- The merger is poised to deepen customer relationships, inspire innovation, and provide robust support to customers and communities, fostering a synergistic growth trajectory.
- With a focus on superior customer service, employee well-being, community engagement, and shareholder returns, the combined entity aims to outperform as a leading regional bank in the highly competitive banking industry.
The overwhelming approval of the merger by Fifth Third shareholders and Comerica stockholders marks a significant milestone in their growth strategies, poised to realize synergies that drive value creation and competitive advantage in the banking sector.