Fifth Third Buys Comerica: Banking's New Playbook
Update: 2025-10-06
Description
Fifth Third Bancorp is set to acquire Comerica in a $10.9 billion all-stock deal, creating a banking giant with $288 billion in assets. This merger, the largest in nearly three years, signals a wave of consolidation among regional banks striving to compete with industry leaders amidst looser regulations and the aftermath of last year's banking crisis. Comerica's stock surged on the news, while Fifth Third also saw gains, highlighting the strategic move to expand into high-growth markets and boost business customer base.
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