Fifth Third Bancorp Completes Merger With Comerica, Creating Ninth-Largest U.S. Bank With $294 Billion in Assets

Fifth Third Bancorp announced February 2, 2026, that it has closed its merger with Comerica Incorporated, creating the ninth-largest U.S. bank with approximately $294 billion in assets. The merger expands Fifth Third's geographic footprint spanning the Southeast, Texas, California, and the Midwest.

The merger combines Fifth Third's retail banking and digital capabilities with Comerica's middle market banking franchise. Fifth Third will now operate in 17 of the 20 fastest-growing large markets in the country, with plans to operate approximately 1,750 branches by 2030. More than half of these branches will be located in the Southeast, Texas, Arizona, and California.

Strategic Expansion in High-Growth Markets

The merger strengthens Fifth Third's position in key growth regions while solidifying its leadership in the Midwest. The combined company now operates two $1 billion recurring fee businesses—Commercial Payments and Wealth and Asset Management—which provide diversified earnings streams.

"We are thrilled to announce we have closed our merger with Comerica," said Tim Spence, chairman, CEO and president of Fifth Third. "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. Together, we are creating a stronger, more diversified bank that is well-positioned to deliver exceptional value for our shareholders, customers, communities and teammates—starting today, and over the long-term."

The merger builds upon Fifth Third's momentum entering 2026, following a year of record revenue, best-in-class profitability and efficiency, strong loan and deposit growth, and continued leadership in digital banking and commercial payments.

Integration Timeline and Customer Impact

Integration teams will work to ensure a seamless transition for customers, with full system and brand conversions expected in the third quarter of 2026. Until then, Comerica locations will continue to operate under the Comerica brand. Customers will maintain consistent coverage teams and access to existing products and services, with enhancements planned as the integration progresses.

Fifth Third plans to apply its consumer acquisition capabilities and analytical marketing tools to Comerica's markets to accelerate deposit growth and deepen customer relationships.

Market Context

The combined institution's expanded presence in high-growth markets positions it to serve customers in regions experiencing demographic and economic expansion. The transaction provides Fifth Third Bancorp with enhanced diversification through its fee-based business lines.

Full information on what customers can expect in 2026 is available at 53.com/BetterTogether.