Fifth Third to merge with Comerica in a $10.9bn deal.

Fifth Third, a provider of a wide range of banking products and services, including personal banking, small business banking, commercial banking, wealth management, and investment advisory services, agreed to merge with Comerica, a provider of financial products and services, in a $10.9bn deal. “This combination marks a pivotal moment for Fifth Third as we accelerate our strategy to build density in high-growth markets and deepen our commercial capabilities. Comerica’s strong middle market franchise and complementary footprint make this a natural fit. Together, we are creating a stronger, more diversified bank that is well-positioned to deliver value for our shareholders, customers, and communities – starting today, and over the long-term,” Tim Spence, Chairman, Fifth Third Bank CEO and President.