Fifth Third and Comerica enter $10.9 billion deal to create ninth-largest bank in the U.S.

Core Viewpoint - Fifth Third has agreed to acquire regional lender Comerica in an all-stock transaction valued at $10.9 billion, which will result in the formation of the ninth-largest lender in the U.S. with a strong presence in the Midwest [1] Company Summary - The acquisition will enhance Fifth Third's market position and expand its footprint in the Midwest region [1] - The deal is structured as an all-stock transaction, indicating a strategic move to consolidate resources and capabilities [1] Industry Summary - The merger will create the ninth-largest bank in the U.S., reflecting ongoing consolidation trends within the banking industry [1] - This acquisition highlights the competitive landscape in regional banking, where larger institutions are seeking to strengthen their market presence through strategic mergers [1]