Cincinnati, Ohio, February 3, 2026
Fifth Third Bancorp has successfully merged with Comerica, marking the creation of the ninth-largest bank in the U.S. with assets nearing $294 billion. The merger, finalized in February 2026, will facilitate Fifth Third’s ambitious plan to launch 150 new branches across Texas by 2029, particularly in the high-growth Dallas area. This strategic move aims to enhance service for customers while maintaining existing account structures during the transition to the Fifth Third brand.
Fifth Third Completes Merger with Comerica, Plans Expansion in Texas
Cincinnati, Ohio – Fifth Third Bancorp has finalized its merger with Dallas-based Comerica Incorporated, creating the ninth-largest U.S. bank with approximately $294 billion in assets. The combined entity now operates in 17 of the 20 fastest-growing large markets in the country, including key regions in the Southeast, Texas, and California, while solidifying its leadership in the Midwest.
Details of the Merger
The merger, announced in October 2025, was completed on February 1, 2026. The all-stock transaction was valued at $10.9 billion, with Comerica shareholders receiving 1.8663 shares of Fifth Third common stock for each Comerica share they owned.
Expansion Plans in Texas
As part of the merger, Fifth Third plans to open 150 new branches in Texas by 2029, including advancing its growth strategy in the Dallas market and supporting the dynamic and growing communities of the Metroplex. This expansion is expected to position Fifth Third among the top five banks in terms of branch presence in Dallas, Houston, and Austin.
Customer Impact
Customers can expect a seamless transition, with no immediate changes to their accounts, online and mobile logins, cards, checks, or fees. Relationship teams and contacts will remain unchanged. Full system and brand conversions are expected in the third quarter of 2026. Until then, Comerica locations will continue to operate under the Comerica brand.
Background
Fifth Third Bancorp, headquartered in Cincinnati, Ohio, has a strong presence in the Midwest and Southeast. The acquisition of Comerica, headquartered in Dallas, Texas, significantly enhances Fifth Third’s footprint in high-growth markets, particularly in Texas, Arizona, and California. The combined bank aims to leverage Fifth Third’s award-winning retail and digital capabilities with Comerica’s strong middle-market banking franchise to deliver exceptional value for customers, communities, and shareholders.
Key Features of the Merger
| Feature | Details |
|---|---|
| Merger Completion Date | February 1, 2026 |
| Combined Assets | Approximately $294 billion |
| New Branch Openings in Texas | 150 by 2029 |
| Customer Account Changes | No immediate changes; full system and brand conversions expected in the third quarter of 2026 |
| Geographic Expansion | Presence in 17 of the 20 fastest-growing large markets in the U.S., including key regions in the Southeast, Texas, and California |
Frequently Asked Questions (FAQ)
When did Fifth Third complete its merger with Comerica?
Fifth Third completed its merger with Comerica on February 1, 2026.
What are the immediate changes for customers following the merger?
Customers can expect a seamless transition, with no immediate changes to their accounts, online and mobile logins, cards, checks, or fees. Relationship teams and contacts will remain unchanged. Full system and brand conversions are expected in the third quarter of 2026. Until then, Comerica locations will continue to operate under the Comerica brand.
How many new branches does Fifth Third plan to open in Texas?
Fifth Third plans to open 150 new branches in Texas by 2029, including advancing its growth strategy in the Dallas market and supporting the dynamic and growing communities of the Metroplex.
What is the combined asset value of Fifth Third and Comerica?
The combined entity now has approximately $294 billion in assets.
In which markets does the combined bank now operate?
The combined bank now operates in 17 of the 20 fastest-growing large markets in the country, including key regions in the Southeast, Texas, and California, while solidifying its leadership in the Midwest.
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