WS Investor
14 Jan 2026, 14:56
Fifth Third Bancorp and Comerica Incorporated announced that they have received all material regulatory and shareholder approvals to complete their proposed merger, clearing the final major hurdle for the transaction. The U.S. Federal Reserve has approved the combination, and the deal is now expected to close on February 1, 2026, subject to customary closing conditions.
The merger will create the ninth-largest bank in the United States, with approximately $290 billion in assets and a footprint spanning 17 of the 20 fastest-growing large U.S. markets. Executives from both banks said the combination will result in a more diversified institution with enhanced capabilities, immediate earnings accretion, no dilution to tangible book value per share, and an estimated path to more than $500 million in annual revenue synergies.
Integration work is underway, with full system and brand conversions planned later in 2026. Until then, Comerica branches will continue to operate under the Comerica brand, and customers are expected to see minimal disruption.
The merger will create the ninth-largest bank in the United States, with approximately $290 billion in assets and a footprint spanning 17 of the 20 fastest-growing large U.S. markets. Executives from both banks said the combination will result in a more diversified institution with enhanced capabilities, immediate earnings accretion, no dilution to tangible book value per share, and an estimated path to more than $500 million in annual revenue synergies.
Integration work is underway, with full system and brand conversions planned later in 2026. Until then, Comerica branches will continue to operate under the Comerica brand, and customers are expected to see minimal disruption.
