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Fifth Third Bancorp said Monday it will acquire fellow regional bank Comerica for $10.9 billion in an all-stock deal that will create one of the largest U.S. banks by assets.
When the deal closes, it will create the ninth-largest U.S. bank — with roughly $288 billion in assets. The transaction is expected to finalize in the first quarter of 2026.
"The things that have defined Fifth Third over the course of the past 10 years have been this focus on stability, profitability and our ability to drive organic growth," Fifth Third CEO Tim Spence told CNBC's
"Squawk Box" in an interview Monday. "What's defined Comerica is an incredible middle-market commercial banking platform, and the access that