Comerica, Fifth Third
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Cininnati-based Fifth Third Bancorp agreed to buy regional lender Comerica, aiming to expand its presence in key growth markets.
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Comerica Park name change? Fifth Third’s acquisition could reshape Tigers’ stadium identity
Fifth Third Bancorp announced Monday it will acquire Comerica Inc. in an all-stock deal valued at $10.9 billion, merging two major regional banks into what will become the nation’s ninth-largest bank, with roughly $288 billion in assets.
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Fifth Third Bancorp acquires Comerica for $10.9B, expanding reach but facing risks from weak markets and fintech rivals. Read my analysis on FITB & CMA stocks.