Fifth Third to buy Comerica for $10.9 billion in deal that will make ninth-largest US commercial bank

Fifth Third Bancorp (FITB) has agreed to purchase Dallas-based Comerica (CMA) for $10.9 billion, the regional banks said Monday. Pending regulatory approval, executives for Fifth Third and Comerica expect the deal to close at the end of the first quarter of next year, creating the nation's ninth-largest US commercial bank, with $288 billion in total assets. The all-stock transaction is aimed at helping Midwest lender Fifth Third, based in Cincinnati, compete against the nation's megabanks as it seeks to ...