Fifth Third Bancorp has agreed to acquire Comerica Inc. in an all-stock deal valued at $10.9 billion, forming the ninth-largest U.S. bank with a strong foothold across the Midwest and Sunbelt.
Under the terms, Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share, valuing the deal at $82.88 per share.
The merger comes as regional lenders seek scale and diversification after the 2023 banking crisis exposed vulnerabilities in smaller institutions.
We are pleased to announce the merger of Comerica and @FifthThird. This transaction brings together two long-tenured banking franchises to create the 9th largest U.S. bank. Learn More: https://t.co/MXu5NX8EzN pic.twitter.com/TOsYdgaxAF
— Comerica Bank (@ComericaBank) October 6, 2025
Analysts say the move reflects a broader wave of consolidation encouraged by a more business-friendly regulatory environment under President Donald Trump.
Fifth Third Bancorp to Buy Comerica for $10.9 Billion, Creating Regional Banking Giant https://t.co/6P00qTTewe
— Barron's (@barronsonline) October 6, 2025
The combined firm will expand into 17 of the 20 fastest-growing U.S. markets, including Texas and California, and bolster operations in commercial payments, wealth, and asset management.
Fifth Third Bank will acquire Comerica in an all-stock transaction valued at $10.9 billion, expanding the bank’s reach in regions such as the Southeast, Texas and California https://t.co/GMfZu2q4hR
— WSJ Markets (@WSJmarkets) October 6, 2025
Comerica CEO Curt Farmer will become vice chair of the merged entity. The deal is expected to close by early 2026.
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