(RTTNews) - Fifth Third Bancorp (FITB) and Comerica Inc. (CMA) announced that the Board of Governors of the Federal Reserve System approved the combination of the two companies. As a result, all material regulatory and shareholder approvals to merge have been received. The transaction is expected to close on February 1, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions.
In October 2025, Fifth Third Bancorp and Comerica had announced an agreement under which Fifth Third would acquire the Texas-based financial services company in an all-stock deal valued at $10.9 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
