Divestiture • Financial Services

Fifth Third Bank Acquires Fannie Mae Delegated Underwriting and Servicing Business Line

On December 9, 2025, Fifth Third Bank acquired financial services company Fannie Mae Delegated Underwriting and Servicing Business Line from Mechanics Bank

Acquisition Context
  • This is Fifth Third Bank’s 33rd transaction in the Financial Services sector.
  • This is Fifth Third Bank’s 40th transaction in the United States.
  • This is Fifth Third Bank’s 5th transaction in California.

Explore All 709 Divestiture Financial Services Deals - Search the Database Free


M&A Deal Summary

Date December 9, 2025
Target Fannie Mae Delegated Underwriting and Servicing Business Line
Sector Financial Services
Buyer(s) Fifth Third Bank
Sellers(s) Mechanics Bank
Deal Type Divestiture

Target Company

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.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

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 40 of 40
Sector: Financial Services 33 of 33
Type: Divestiture 3 of 3
State: California 5 of 5
Country: United States 40 of 40
Year: 2025 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 Comerica

Dallas, Texas, United States

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.

Buy $10.9B

Seller Profile 1

SELLER

Mechanics Bank

Walnut Creek, California, United States

Category Company
Founded 1905
Sector Financial Services
DESCRIPTION

Mechanics Bank is a full-service community banking institution offering a broad range of financial products and services, including consumer and business banking, commercial lending, cash management, private banking, trust services, and wealth management. The bank serves personal and business customers across multiple U.S. states, particularly along the West Coast, with retail branches, digital banking, and advisory solutions. Mechanics Bank was formed in 1905 and is based in Walnut Creek, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1