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Exclusive: Comerica Shareholders Approve $10.9 Billion Deal with Fifth Third Bancorp
Shareholders approved the $10.8 billion merger of Fifth Third and Comerica, creating the ninth-largest U.S. bank with $290 billion in assets and 17 of the 20 fastest-growing markets.
- On Jan. 6, 2026, shareholders of Fifth Third Bancorp and Comerica approved Fifth Third's $10.9 billion acquisition in an all-stock merger that will create the ninth-largest U.S. bank.
- Fifth Third framed the deal as a market-expansion move, gaining presence in 17 of the 20 fastest-growing large U.S. markets and expanding into Southwest states Texas, Arizona and California.
- The vote margin reflected near-unanimity among holders, with 99.7% and 97% approvals; the deal adds more than 350 branches to Fifth Third Bancorp's almost 1,100 locations and expects about $850 million in cost synergies.
- The deal still awaits Federal Reserve sign-off, with Texas Department of Banking approval on Jan. 2 and the Office of the Comptroller of the Currency’s December approval, expecting to close in the first quarter.
- Combined scale will leave Fifth Third Bancorp with nearly $300 billion in assets, and Fifth Third said retaining Comerica locations could make it the No. 1 bank in Detroit.
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Exclusive: Comerica shareholders approve $10.9 billion deal with Fifth Third Bancorp
Comerica shareholders on Tuesday approved a $10.9 billion sale to larger rival Fifth Third Bancorp , the two companies said, ignoring an activist hedge fund's calls to block the deal after having initially urged the bank to put itself up for sale.
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Coverage Details
Total News Sources19
Leaning Left2Leaning Right0Center11Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
15%
C 85%
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