Shareholders of Fifth Third Bancorp and stockholders of Comerica Inc. have voted separately to approve the proposed merger of the two companies.
The transaction is expected to close in the first quarter of 2026, subject to satisfaction of the remaining customary closing conditions. The two companies did not mention if any layoffs would result from the merger.
“Today’s favorable shareholder vote with 99.7 percent of votes cast in favor of our combination with Comerica marks an important milestone in our journey,” says Tim Spence, president, CEO, and chairman of Fifth Third.
“By combining Fifth Third’s … retail and digital capabilities with Comerica’s middle market banking franchise, we’ll create a more dynamic, resilient institution with the scale and capabilities to deliver exceptional value for our customers, communities, and shareholders.”
Going forward, the combined financial institutions will form the ninth largest US bank with $290 billion in assets and a footprint spanning 17 of the 20 fastest-growing large markets in the U.S., according to Spence.
“We are pleased our stockholders have overwhelmingly approved this important step forward,” says Curt Farmer, president, CEO, and chairman of Comerica. “We believe that this merger of two long-standing institutions will create new opportunities to drive innovation, foster deeper relationships, and deliver stronger support for the customers and communities we proudly serve. Together, we are well positioned to grow, invest and compete more effectively for the long term.”
Comerica stockholders supported the merger with 97.0 percent of votes cast in favor.
Fifth Third, which operates its Eastern Michigan headquarters in downtown Detroit at One Woodward, was founded in 1858.
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ Global Select Market under the symbol “FITB.”
For more information, visit 53.com.
Comerica is a financial services company headquartered in Dallas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.
The company, one of the 25 largest commercial U.S. financial holding companies, provides banking centers across the country with locations in Arizona, California, Florida, Michigan. and Texas.
It was founded in 1849, in Detroit, and today has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.4 billion at Sept. 30, 2025.
Comerica operates its Michigan headquarters at the 411 W. Lafayette building in downtown Detroit, and has its Great Lakes Campus in Farmington Hills.
For more information, visit comerica.com.
