Home / Business and Economy / Fifth Third Bank Snaps Up Comerica in $10.9B Merger, Reshaping U.S. Banking
Fifth Third Bank Snaps Up Comerica in $10.9B Merger, Reshaping U.S. Banking
6 Oct, 2025
Summary
- Fifth Third Bank to acquire regional lender Comerica in all-stock deal
- Combined assets of $288 billion, making it the 9th-largest U.S. bank
- Banking industry sees wave of consolidation as lenders seek scale and diversification
On October 6th, 2025, Fifth Third Bank revealed that it will acquire regional lender Comerica in an all-stock deal valued at $10.9 billion. This merger will create a banking powerhouse with combined assets of approximately $288 billion, making it the ninth-largest U.S. bank.
The acquisition is part of a broader wave of consolidation currently sweeping through the banking industry. Lenders are seeking to gain scale, diversify their revenue streams, and position themselves for potentially lighter regulation under the current administration. By joining forces, Fifth Third and Comerica aim to enhance their competitive edge and better serve their customers.
Comerica's shares jumped 12% on the news, while Fifth Third's stock fell 2.6%. The deal is expected to close in the coming months, pending regulatory approval. Once completed, the combined entity will have a stronger presence across the United States, allowing it to leverage economies of scale and offer a wider range of financial services to its expanded customer base.
