Comerica Inc.
Fifth Third Receives Federal Reserve Approval to Acquire Comerica
Summary
On January 13, 2026, Fifth Third Bancorp and Comerica Incorporated announced that the Board of Governors of the Federal Reserve System has approved the combination of the two companies, following the approval of the Office of the Comptroller of the Currency on December 15, 2025, and shareholder approval on January 6, 2026. The transaction, which was initially announced on October 5, 2025, is expected to close on February 1, 2026, forming the ninth largest U.S. bank with $290 billion in assets. Fifth Third and Comerica anticipate realizing more than half a billion dollars in annual revenue synergies and immediate earnings accretion without dilution to tangible book value per share.
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About Comerica Inc.
Comerica Inc. is a leading financial services company that primarily focuses on commercial banking, retail banking, and wealth management services. Its operations are segmented across various divisions, which include the Business Bank, Retail Bank, and Wealth Management. Comerica Inc. is known for providing comprehensive financial solutions to both individual clients and businesses, with a strong emphasis on serving the middle-market business sector. Headquartered in Dallas, Texas, Comerica has a significant presence in key markets such as Texas, California, and Michigan, among others. In the financial market, Comerica Inc. plays a vital role by offering tailored financial products and services that support the economic growth of communities and enhance the financial well-being of its clients. Additionally, its commitment to robust risk management practices and community involvement highlights its integral role in the banking industry.
Official SEC Documents
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