Dallas, Texas, February 4, 2026
Fifth Third Bancorp has finalized its $10.9 billion acquisition of Comerica Incorporated, creating the ninth-largest bank in the United States with around $294 billion in assets. This merger, announced in October, aims to enhance stability and profitability by combining Fifth Third’s retail banking capabilities with Comerica’s strong middle-market presence. Although the branding transition is set for Labor Day weekend, Comerica’s operations in Dallas will initially remain unchanged, preserving customer familiarity as the integration takes place.
Dallas, Texas
Fifth Third Bancorp has completed its $10.9 billion acquisition of Comerica Incorporated, creating the ninth-largest bank in the United States with approximately $294 billion in assets. The merger, finalized on February 1, 2026, combines Fifth Third’s retail banking and digital capabilities with Comerica’s strong middle-market banking franchise, enhancing the combined entity’s stability, profitability, and growth potential.
Merger Details
The all-stock transaction was approved by shareholders of both companies in January 2026. Under the terms of the agreement, Comerica shareholders received 1.8663 Fifth Third shares for each Comerica share, equating to $82.88 per share based on Fifth Third’s closing price on October 3, 2025. Following the merger, Fifth Third shareholders own approximately 73% of the combined company, while Comerica shareholders hold about 27%. The merged institution 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. By 2030, Fifth Third plans to have approximately 1,750 branches, over half of which will be located in the Southeast, Texas, Arizona, and California. The combined company also boasts two $1 billion recurring and high-return fee businesses—Commercial Payments and Wealth and Asset Management—which provide durable, diversified earnings and the additional capacity to reinvest for growth. Integration teams are working closely to ensure a seamless transition for customers, with full system and brand conversions expected in the third quarter. Until then, Comerica locations will continue to operate under the Comerica brand.
Impact on Dallas Operations
Despite the merger, Comerica’s presence in Dallas remains unchanged for the time being. The Comerica Bank Tower, a prominent feature of the Dallas skyline, continues to display the Comerica logo. The CEO stated that the company intends to conduct system conversions over Labor Day weekend, after which the unified company will operate under the Fifth Third brand. Until then, Comerica branches and markets will continue to do business as Comerica to manage customer confusion. The tower’s future is linked to broader plans for downtown Dallas, including potential redevelopment projects. However, there are no firm plans to vacate the space early or break the lease.
Background Context
The merger between Fifth Third Bancorp and Comerica Incorporated was announced on October 6, 2025, as an all-stock transaction valued at $10.9 billion. This deal was the largest bank acquisition of 2025 and aimed to create a more diversified and resilient institution. 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. The merger also brings together Fifth Third’s award-winning retail and digital capabilities with Comerica’s strong middle-market banking franchise, enhancing the combined entity’s stability, profitability, and growth potential.
Key Features of the Fifth Third and Comerica Merger
| Feature | Description |
|---|---|
| Merger Value | $10.9 billion |
| Combined Assets | Approximately $294 billion |
| Combined Market Position | Ninth-largest bank in the United States |
| Operational Markets | 17 of the 20 fastest-growing large markets in the U.S., including key regions in the Southeast, Texas, and California |
| Branch Expansion Plans | Approximately 1,750 branches by 2030, with over half located in the Southeast, Texas, Arizona, and California |
| High-Return Fee Businesses | Two $1 billion recurring and high-return fee businesses—Commercial Payments and Wealth and Asset Management |
| Branding Transition | Comerica locations will continue to operate under the Comerica brand until system conversions are completed over Labor Day weekend, after which the unified company will operate under the Fifth Third brand |
Conclusion
The recent merger of Fifth Third Bancorp and Comerica Incorporated signifies a robust move toward consolidating banking resources and expanding operational capabilities across key growth markets in the United States. By creatively leveraging both companies’ strengths, this venture can significantly impact the Dallas economy and beyond. Local companies and communities can look to this merger as an indicator of growing opportunities in the economic landscape. It is crucial for residents to remain engaged and supportive of businesses, ultimately fostering a vibrant environment for continued growth and innovation.
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Author: STAFF HERE DALLAS WRITER
The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
