Fifth Third Bancorp to Combine with Comerica, Creating Nation’s 9th Largest Bank with $288 Billion in Assets
Reuters
Oct 06
Fifth Third Bancorp to Combine with Comerica, Creating Nation's 9th Largest Bank with $288 Billion in Assets
Fifth Third Bancorp is combining with Comerica in a move aimed at expanding its reach and strengthening its commercial banking capabilities. The leadership structure will include representatives from both organizations, with Comerica's Curt Farmer set to become Vice Chair and Peter Sefzik, Comerica's chief banking officer, taking the helm of Fifth Third's Wealth & Asset Management business. Three Comerica board members will join Fifth Third's Board of Directors after the transaction closes, with Farmer joining the Board upon his retirement. The closing is expected by the end of the first quarter of 2026. The initiative is designed to create a more diversified bank with enhanced services and a broader geographic footprint.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fifth Third Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20251005297654) on October 06, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.