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October 06, 2025
Fifth Third to buy Comerica 10.9 Billion: Fifth Third Bancorp (FITB) has reached an agreement to buy Dallas-based Comerica (CMA) in a deal valued at $10.9 billion. The two regional banks announced the news on Monday.
The merger still needs approval from regulators before it can move forward. Leaders from both banks expect the deal to be finalized by the end of the first quarter next year.
Once completed, it will form one of the largest commercial banks in the United States, holding around $288 billion in total assets.
The all-stock deal is meant to give Cincinnati-based Fifth Third a stronger edge as it competes with the country’s largest banks.
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It also supports the company’s plans to grow across the Southeast and Southwest. “This merger is a major milestone for Fifth Third,” said CEO Tim Spence in a press release.
“It accelerates our efforts to expand in fast-growing markets and strengthen our commercial banking services.”
“Comerica has a solid middle-market business and a network that fits perfectly with ours,” Spence said. Comerica’s shares surged 17% in early Monday trading and are now up 34% this year.
Fifth Third’s stock slipped right after the news but soon recovered, gaining about 2%. Overall, the bank’s shares have risen 7% so far this year.
S&P data shows this is the largest U.S. bank acquisition in nearly three years. The deal comes amid a wave of bank mergers gaining momentum this year.
After the 2023 mini banking crisis, regional banks saw the need to strengthen their positions. The crisis exposed the competitive gaps between smaller banks and their larger rivals.
The Trump administration’s relaxed rules on bank mergers have been an important influence. In September, Pittsburgh-based PNC Bank agreed to acquire FirstBank, a Colorado community bank, for $4.1 billion.
This transaction is just one of several major bank deals seen this year. In July, Pinnacle Financial Partners (PNFP) from Nashville agreed to acquire Synovus (SNV), a bank based in Columbus, Georgia, for $8.6 billion.
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That same month, Columbus-based Huntington Bancshares (HBAN) announced it would buy Dallas’ Veritex Holdings (VBTX) for $1.9 billion. Back in May, Capital One (COF) finalized its $35.3 billion takeover of Discover Financial.
Fifth Third’s deal comes as Comerica faced increasing pressure from investors and analysts. The bank had long trailed its peers in delivering strong returns to shareholders.
Over the summer, activist investor Holdco Asset Management, a relatively small player, issued a 52-page report highlighting these concerns.
Holding 1.8% of Comerica’s common stock, the firm urged the bank to hire investment bankers and consider positioning itself for a possible sale.
“Clearly, the regional bank crisis affected us more than it did some of our peers,” Comerica CEO Curt Farmer said on Monday during a call with analysts.
“It took a while for us to fully recover.” He noted that today’s U.S. banking environment is one “where size and scale make a real difference.”
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