Fifth Third Boosts 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] - The bank is expanding its branch network to include Texas, in addition to previously announced states like Florida, North Carolina, and South Carolina, coinciding with its acquisition of Comerica [2][4] - Fifth Third has reached milestones of 200 branches in Florida and 100 in the Carolinas, with over 1,100 banking centers nationwide [3][4] Investment Plans - The bank's investment will support the addition of approximately 150 locations in Texas by 2029, alongside its existing Comerica branches [4] - In 2025, Fifth Third plans to launch about 50 new locations and enter Alabama, reflecting its aggressive expansion strategy [4] Growth Metrics - Since initiating its Southeast expansion in 2018, Fifth Third has added 172 new locations, upgraded 71 existing branches, and entered 14 new markets [4] - The bank has been recognized as No. 1 among large banks for year-over-year retail deposit growth for two consecutive years [6]