LONDON (ShareCast) - (Sharecast News) - Cincinnati-based bank Fifth Third Bancorp said on Monday that it had agreed to acquire regional peer Comerica in an all-stock deal valued at $10.9bn, creating the ninth-largest US bank by assets.
Following the acquisition, the combined group will hold around $288bn in total assets, with the transaction expected to be completed in the first quarter of 2026.

The SPDR S&P Regional Banking ETF rose 1% prior to the open amid expectations the deal could spark further consolidation across the sector, with the Trump administration moving to ease both regulatory and takeover scrutiny.

"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," said Fifth Third chief executive Tim Spence.

"Joining with Fifth Third - with its strengths in retail, payments and digital - allows us to build on our leading commercial franchise and further serve our customers with enhanced capabilities across more markets," added Comerica CEO Curt Farmer.

As of 1240 BST, Fifth Third shares were down 4.32% at $42.49 each, while Comerica surged 11.41% to $78.60 per share.











Reporting by Iain Gilbert at Sharecast.com

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