Add-on Acquisition • Financial Services

Fifth Third Bank Acquires Comerica

On October 6, 2025, Fifth Third Bank acquired financial services company Comerica for 10.9B USD

Acquisition Context
  • This is Fifth Third Bank’s 32nd transaction in the Financial Services sector.
  • This is Fifth Third Bank’s largest (disclosed) transaction.
  • This is Fifth Third Bank’s 39th transaction in the United States.
  • This is Fifth Third Bank’s 1st transaction in Texas.

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M&A Deal Summary

Date October 6, 2025
Target Comerica
Sector Financial Services
Buyer(s) Fifth Third Bank
Deal Type Add-on Acquisition
Deal Value 10.9B USD
Advisor(s) J.P. Morgan Securities
Keefe, Bruyette & Woods (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target Company

Comerica

Dallas, Texas, United States
Comerica park in Detroit, Michigan.
Comerica park in Detroit, Michigan.
Comerica is a financial services company that provides retail, business banking, and wealth management services and serves principally operates in the states of Texas, California, and Michigan. Comerica was incorporated in 1849 and is based in Dallas, Texas.
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Buyer Overview 1

Buyer

Fifth Third Bank

Cincinnati, Ohio, United States

Category Company
Founded 1858
Sector Financial Services
Employees18,616
Revenue 8.3B USD (2024)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.


Deal Context for Buyer #
Overall 39 of 40
Sector: Financial Services 32 of 33
Type: Add-on Acquisition 34 of 34
State: Texas 1 of 1
Country: United States 39 of 40
Year: 2025 2 of 3
Size (of disclosed) 1 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-20 DTS Connex

Westminster, Maryland, United States

DTS Connex offers cash management software solutions for multi-location businesses such as retailers, restaurants, and healthcare providers. DTS Connex is based in Westminster, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-09 Fannie Mae Delegated Underwriting and Servicing Business Line

Walnut Creek, California, United States

Fannie Mae Delegated Underwriting and Servicing Business Line focuses on multifamily lending and servicing under the Fannie Mae DUS program, which allows approved lenders to independently underwrite, close, and service multifamily loans on behalf of Fannie Mae. This streamlines the lending process and provides direct access to an extensive set of Fannie Mae-backed loan products.

Buy -