The deal is expected to close by the end of the first quarter of 2026, after which Fifth Third shareholders will own about 73% of the combined company.

Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share, valuing the deal at $82.88 per share based on Fifth Third's closing price on Oct. 3.

Fifth Third Bancorp. on Oct. 6 agreed to buy Comerica Inc., a regional lender with strong Detroit ties, in an all-stock deal valued at $10.9 billion, creating the ninth-largest U.S. lender with a robust presence in the Midwest.

The deal expands Fifth Third's reach to 17 of the 20 fastest-growing U.S. markets, including parts of the Southeast, Texas and California, and by 2030, more than half of its branches are expected to be located in these regions, it said.

"This c

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