Fifth Third Completes Merger With Comerica

Fifth Third has officially closed our merger with Comerica. Comerica is now part of Fifth Third, bringing together two long-tenured, highly compatible franchises with complementary strengths to create the 9^th largest U.S. bank with $294 billion in assets and a presence in 17 of the 20 fastest-growing large markets nationwide. We’re positioned to deliver immediate and long-term value for our customers, communities and shareholders.

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 Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica 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 $78.0 billion at June 30, 2025. Learn more about Comerica by visiting comerica.com.

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 company 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 combination of Fifth Third’s award-winning retail banking and digital capabilities and 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 and Fifth Third’s 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.

Our teams are working closely to facilitate a smooth transition for employees and customers. Full system and brand conversions are expected later this year. 

Following the successful customer conversion transition process slated to be completed later this year, the combined organization will operate under the Fifth Third name and brand.

Yes in fact, we are better together. Fifth Third and Comerica are combining complementary strengths, uniting industry-leading products and platforms to deepen client relationships and accelerate growth. By combining Fifth Third’s award-winning retail and digital capabilities with Comerica’s middle market banking franchise, we’re creating a more dynamic, resilient institution.

Customers will continue to enjoy the products and services they value today, with future enhancements once the organizations are combined. Fifth Third’s award-winning retail and digital banking will be paired with Comerica’s middle market expertise, expanding both consumer and commercial offerings.

Both banks are deeply committed to their customers, employees and communities. Bringing the two organizations together 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.

Thorough conversion planning is already underway to ensure a seamless transition. Customers should continue their usual banking activities. Any changes will be communicated well in advance.

For retail customers, there are no immediate changes. You should 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.

For small business customers, you can continue using your existing accounts and services and working with your relationship team as usual. Any changes will be communicated well in advance.

For commercial clients, you can continue using your existing accounts and services and working with your relationship team as usual. Any changes will be communicated well in advance.

For commercial clients engaged in swaps and derivative trading, one immediate change is that Fifth Third Bank, N.A. is now your counterparty under the ISDA documents. All existing swaps will continue with Fifth Third as your counterparty; any future settlements on an existing swap will occur between you and Fifth Third; and there will be some changes to reporting, procedures and disclosures. All impacted clients have been directly notified.

For wealth management clients, you can continue using your existing accounts and services and working with your relationship team as usual. Any changes will be communicated well in advance.

For clients with custodial account agreements with the Cayman Islands branch, your existing custodial agreement will be assigned to Fifth Third at time of closing.

For Direct Express customers with a Comerica card, you can continue to use your Direct Express card and services as usual. Fifth Third’s appointment as Fiscal Agent for the Direct Express program on September 9, 2025 ensures continuity of service; 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. FDIC insurance protects deposits up to $250,000 per depositor, per insured bank. Following the merger, FDIC coverage continues without interruption. Under a special FDIC rule for bank mergers, deposits you held prior to February 1, 2026 and continue to hold at Comerica, and deposits you hold at Fifth Third are insured separately for at least six months, and possibly longer for certificates of deposit (CDs). This transition period gives you time to make any changes needed to keep your FDIC coverage at the level you want.

Yes, we are thoughtfully evaluating our branch footprint to ensure future locations are conveniently located to meet the needs of all our combined customers. Any changes will be communicated well in advance. Our goal is to maintain convenience and exceptional service for all customers

There are no immediate changes. You should continue to use your current online and mobile banking platforms. Future enhancements may be introduced as the transition 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. Our goal is to maintain continuity in customer relationships. If changes occur in the future, you will be notified and introduced to your new contacts.

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

You’ll find the latest details and resources related to the transition here on this page. We will also share important updates by mail and email well in advance of any changes. Please make sure your contact information is up to date so you receive all key information.

You should 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 are in the process of coming together. 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.

We’ll reach out to you in a variety of ways to keep you informed—phone calls, emails and mail. Please make sure your contact information is up to date so you receive all key information.

Yes. Three Comerica board members will join Fifth Third’s Board of Directors, ensuring continuity and representation for Comerica stakeholders.

Fifth Third and Comerica share a deep commitment to the communities we serve. As we move forward with the transition, 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 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 combination of Comerica and Fifth Third presents an opportunity to bring our Program back to where it all began. We plan to officially welcome Detroit into our Neighborhood Program this 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.