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Fifth Third Bancorp to buy Comerica for $10.9 billion in all-stock deal
Fifth Third Bancorp said Monday it will acquire fellow regional bank Comerica in an all-stock deal worth $10.9 billion.
When the deal closes, which both banks expect will happen at the end of the first quarter of 2026, it will create the ninth-largest U.S. bank — with roughly $288 billion in assets.
“This combination marks a pivotal moment for Fifth Third as we accelerate our strategy to build density in high-growth markets and deepen our commercial capabilities,” Fifth Third CEO Tim Spence said in a release.
Comerica shares rallied 11.5% in the premarket following the announcement. Fifth Third lost about 3%.
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