Fifth Third Bancorp is set to acquire Comerica in a USD 10.9 billion all-stock deal, forming the ninth-largest bank in the U.S. with significant growth potential.

Target Information

Fifth Third Bancorp has announced its intention to acquire Comerica in an all-stock transaction valued at approximately USD 10.9 billion. This merger would result in the formation of the ninth-largest bank in the United States, with combined assets amounting to around USD 288 billion.

Comerica is a well-established diversified financial services firm that provides a range of offerings, including business and personal banking, treasury management, wealth management, and various lending solutions. The company is particularly known for its commitment to serving small- and mid-sized businesses through customized financial products, such as commercial loans, credit lines, and cash management services. With over 430 banking centers located in strategic markets including Texas, Arizona, California, Florida, and Michigan, Comerica maintains a presence in seven of the ten largest cities across the United States.

Industry Overview

The banking industry in the United States is undergoing significant changes, driven by technological advancements and evolving consumer preferences. Financial institutions are increasingly focusing on innovation as