Fifth Third to Buy Comerica for $10.9 Billion, Creating 9th-Largest US Bank

The all-stock deal boosts Fifth Third’s presence in Texas and California and is part of a growing wave of U.S. regional bank mergers.

Fifth Third Bank logo, in this illustration. Dado Ruvic/Reuters

Fifth Third Bancorp announced on Oct. 6 it will acquire Comerica Inc. in an all-stock deal valued at $10.9 billion, a move that will create the ninth-largest U.S. bank.

The combined bank will have about $288 billion in assets and operate across 17 of the 20 fastest-growing U.S. markets, the companies said. That footprint includes the Southeast, Texas, and California, alongside Fifth Third’s traditional Midwest base.