Fifth Third To Acquire Comerica

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World’s Most Ethical Companies^® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust. 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.” Investor information and press releases can be viewed at www.53.com.

Comerica is a well-recognized financial services company headquartered in Dallas, Texas, with a proud history dating back to 1849 in Detroit. The bank serves individuals, families and businesses with a full range of personal, business and wealth management solutions. Comerica is known as a leading bank for business with a relationship-focused approach and commitment to customer success. Comerica operates banking centers across Arizona, California, Florida, Michigan and Texas, and has a presence in many of the nation’s largest metropolitan areas. Customers appreciate Comerica’s combination of big-bank capabilities and personalized service, as well as its dedication to supporting the communities it serves. Comerica has offices in 15 states, including most recently North Carolina and Colorado, and services 13 of the 15 largest U.S. metropolitan areas. Comerica was recognized as one of America’s Best Regional Banks by Newsweek in 2025.

• The acquisition is a strategic acceleration of Fifth Third’s long-term growth plan, enhancing scale, profitability and geographic reach. The combination of Fifth Third’s award-winning retail banking and digital capabilities with Comerica’s strong middle market banking franchise and attractive footprint further strengthens Fifth Third’s position in high-growth markets.
• The combined entity will operate in 17 of the 20 fastest-growing markets in the country, including key regions in the Southeast, Texas and California, while solidifying its leadership in the Midwest. By 2030, it is anticipated that over half of Fifth Third’s branches will be located in the Southeast, Texas, Arizona and California.

The transaction is anticipated to close at the end of the first quarter of 2026 and is subject to customary regulatory approvals and closing conditions.

• The combination of Fifth Third’s award-winning retail banking and digital capabilities with Comerica’s strong middle market banking franchise and attractive footprint are a natural fit and further strengthens Fifth Third’s position in high-growth markets.
• Bringing together Comerica’s deep relationships serving diverse industries with our leading payments products and broad capital markets capabilities will create a middle market banking powerhouse.
• The combined company will have two $1 billion recurring, high ROE fee businesses – Wealth & Asset Management and Commercial Payments – providing durable, diversified earnings and additional capacity to reinvest in future growth.
• Together, we are creating a stronger, more diversified bank that is well positioned to deliver long-term value for our shareholders, customers and communities.

Once combined, Comerica will operate under the Fifth Third name and brand.

Yes – in fact, we are better together. Fifth Third and Comerica are combining complementary strengths to deliver a broader suite of capabilities and offerings, with capacity for significant future growth. Customers will continue to enjoy the products and services they value today, with future enhancements as the integration progresses. Fifth Third’s award-winning retail and digital banking will be paired with Comerica’s middle market expertise, expanding both consumer and commercial offerings.

There are no immediate changes for customers. You can continue to bank as you do today – your accounts, cards, checks, fees and relationship teams remain the same. Over time, you’ll benefit from a larger branch and ATM network, enhanced digital tools and expanded product offerings. Any changes will be communicated well in advance.

Operationally, both banks will continue to function as separate entities until the transaction closes. Integration planning is underway, with a focus on a smooth transition for customers and employees.

Both banks are deeply committed to their customers, employees and communities. The merger builds on a legacy of local impact and trusted relationships, with continued investment in the regions both banks serve. Leadership from both organizations will ensure continuity and uphold shared values throughout the transition.

Integration and conversion planning is already underway, but no changes will occur until after the merger closes. Customers and employees will receive clear, timely communications about any changes and any steps required.

Fifth Third and Comerica share highly compatible, relationship-based business philosophies and cultures. Both organizations are guided by a commitment to serving customers and supporting communities. The combination will build on these shared values and create a unified, purpose-driven company.

Until closing, Comerica and Fifth Third will operate as separate companies. Integration and conversion planning is already underway, but no changes will occur until after the merger closes. Customers should continue their usual banking activities. Any changes will be communicated well in advance.

We’re also raising the minimum wage for our Fifth Third employees to $21/hour to match Comerica’s offering. That change will be effective when the transaction closes.

Customers will continue to use their Direct Express cards and services as usual. Fifth Third’s appointment as Fiscal Agent ensures continuity of service, and any changes or enhancements will be communicated clearly and in advance. The transition is designed to be seamless for cardholders.

Yes, your money remains safe. Both Fifth Third and Comerica are federally insured institutions. FDIC deposit insurance coverage will continue uninterrupted.

Over time, the combined company will evaluate branch locations to optimize convenience and service, and any changes will be communicated well in advance. At this time, there are no immediate changes planned.

There are no immediate changes. If any changes to account numbers or products are required as part of the integration, you will be notified in advance and guided through the process.

There are no immediate changes. You can continue to use your current online and mobile banking platforms. Future enhancements may be introduced as the integration progresses, with clear communication and support provided.

Yes, continue making payments as usual. There are no changes to loan terms or payment processes at this time.

No, your loan process will continue as normal. If any changes are required, you will be contacted directly and supported through the transition.

There are no immediate changes to your relationship team. The combination is designed to maintain continuity in customer relationships. If changes occur in the future, you will be notified and introduced to your new contacts.

You can continue to contact your current Comerica or Fifth Third relationship team, branch or customer service center.

Visit 53.com/bettertogether or comerica.com for official updates. You will also receive direct communications regarding any changes or important information.

You can continue to use services from both banks as you do today. If any changes are required to consolidate accounts or services, you will be notified in advance and guided through the process.

Yes. Both Fifth Third and Comerica are committed to protecting your personal information. Data privacy and security remain top priorities.

Fraudsters and scammers can go on offense when companies announce transactions. Please be vigilant. Fifth Third and Comerica will never call, email or text you asking for personal information, login credentials or computer access. If you receive a request claiming to be from us, don’t respond. Call the number on the back of your debit or credit card, or contact your current relationship banking team to report the incident.

There are no immediate changes to your banking experience. Over time, you’ll benefit from expanded access, enhanced products and improved technology. All changes will be communicated clearly and in advance.

Any future adjustments to branch locations will be communicated well in advance, with a focus on maintaining convenience and service. At this time, there are no immediate changes.

Fifth Third and Comerica share a deep commitment to the communities we serve. As we move forward with the merger, we remain focused on honoring the legacy of both institutions and continuing to support the places and partnerships that matter most to our customers and communities. While it’s too early to discuss any potential changes to facility names, we are committed to thoughtful decisions that reflect our shared values and long-standing community ties.

• Both Fifth Third and Comerica share a deep commitment to community engagement, focusing on supporting local initiatives, economic development and financial empowerment. Together, we anticipate leveraging the best practices of both organizations, allowing us to have an even greater positive impact in the communities we serve.
• Fifth Third intends to expand our innovative place-based economic development strategy to key markets in our new, expanded footprint. Our Neighborhood Program is a people-first, community-led approach designed to catalyze economic mobility in historically disinvested neighborhoods.
  • The strategy is built on a collective ecosystem model, where Fifth Third partners with local organizations to deploy intellectual, social, and financial capital.
  • This model has received national recognition.
• Our Neighborhood Program began after a successful pilot in Detroit’s Gratiot & Seven Mile (G7) neighborhood. This merger presents an opportunity to bring our Program back to where it all began. We plan to officially welcome Detroit into our Neighborhood Program early next year, with an initial investment of $20 million over three years to help advance economic mobility and financial inclusion. We’re thrilled to apply what we’ve learned to help G7 residents and businesses achieve similar outcomes and impact.
• We’re also committed to maintaining the Great Lakes campus in Farmington Hills, Michigan that opened in 2024. The 340,000-square foot campus, Comerica’s largest corporate office, is the home to nearly 2,000 employees, providing vibrant, high-energy and collaborative spaces with advanced technology and amenities.