Fifth Third Boosts Planned Investment in New Branches to $1.9 Billion

Core Insights - Fifth Third Bancorp plans to increase its investment in new branches to $1.9 billion by 2029, significantly up from the $225 million announced in 2018 for 100 new branches in the Southeast [1][2] Expansion Plans - The bank has expanded its branch plans to include Texas, in addition to previously announced states such as Florida, North Carolina, and South Carolina [2] - Fifth Third aims to add 150 locations in Texas by 2029, which will complement Comerica's existing footprint as the bank is in the process of acquiring it [4] Current Operations - Fifth Third has reached 200 branches in Florida and 100 in the Carolinas, with over 1,100 banking centers nationwide [3] - Since launching its Southeast expansion in 2018, the bank has added 172 new locations, upgraded 71 existing ones, and entered 14 new markets [4] Future Growth - In 2025, Fifth Third plans to launch approximately 50 new locations and enter Alabama as a new state [4] - The bank has been recognized for its retail deposit growth, ranking No. 1 among large banks for the second consecutive year [6]