Fifth Third Bancorp (NASDAQ:FITB) finalized its merger with Comerica Incorporated on Monday, creating a regional banking powerhouse with approximately $294 billion in assets.
The deal, which closed on Feb. 2, 2026, cements Fifth Third’s position as the ninth-largest bank in the United States and significantly expands its footprint across the nation's fastest-growing markets.
The combination integrates Fifth Third’s digital and retail banking platforms with Comerica’s middle-market commercial franchise.
The newly enlarged institution now operates in 17 of the 20 fastest-growing large markets in the country, including substantial new territory in Texas and California while reinforcing its existing Midwest leadership.
Looking toward 2030, the bank plans to manage roughly 1,750 branches, with over half located in the high-growth "Smile" states of the Southeast, Texas, Arizona, and California.
The merger builds on a record 2025 for Cincinnati-based Fifth Third, which entered the deal with strong momentum from all-time high annual revenue and best-in-class efficiency ratios.
The combined entity now boasts two $1 billion recurring fee businesses—Commercial Payments and Wealth and Asset Management—which are expected to provide a stable earnings base and capital for future reinvestment.
Integration efforts are underway, with full system and brand conversions scheduled for the third quarter of 2026.
Until then, Comerica locations will continue to operate under their original name.