Fifth Third and Comerica receive final federal approval for merger

Fifth Third Bancorp (NASDAQ: FITB) and Comerica Incorporated (NYSE: CMA) announced the Federal Reserve Board approved their merger, completing all material regulatory and shareholder approvals required for the transaction.

The companies expect the transaction to close February 1, 2026, subject to remaining customary closing conditions. The combined entity will become the ninth largest U.S. bank with $290 billion in assets and operations in 17 of the 20 fastest-growing large markets in the country.

"We are thrilled to have all material approvals secured so we can begin an exciting new chapter as one combined company," said Tim Spence, Chairman, CEO and President of Fifth Third.

Curt Farmer, Chairman, President and CEO of Comerica, said the company is "eager to proceed with Fifth Third to combine our organizations" following the receipt of regulatory and shareholder approvals.

Integration teams are working to facilitate the transition for employees and customers. Full system and brand conversions are expected later this year, with Comerica locations continuing to operate under the Comerica brand until then.

Fifth Third projects the combination will generate more than $500 million in annual revenue synergies with immediate earnings accretion and no dilution to tangible book value per share, according to the company's statement.

Cincinnati-based Fifth Third operates as a regional bank with a history dating to 1858. Dallas-based Comerica, founded in 1849, reported total assets of $77.4 billion as of September 30, 2025, and maintains banking centers across Arizona, California, Florida, Michigan and Texas.

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