Fifth Third Bancorp has agreed to acquire Comerica in a $10.9 billion all-stock transaction.
The combined entity will operate in 17 of the 20 fastest growing markets in the country, including in the Southeast, Texas and California, while continuing its leadership in the Midwest. The transaction combines Fifth Third’s retail banking and digital capabilities with Comerica’s strong middle market banking franchise.
Headquartered in Cincinnati, Ohio, Fifth Third Bancorp is a diversified financial services company and is the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution.
Comerica is a financial services company headquartered in Dallas, Texas and is one of the 25 largest commercial U.S. financial holding companies.
The S&C team advising Fifth Third on corporate matters includes Rodge Cohen, Mitch Eitel, Patrick Lynch and Edoardo Saravalle. Marc Treviño, Sarah Remmer Long and Matthew Nisi are advising on executive compensation matters. Eric Wang and Stephen Profeta are advising on tax matters. Rachel Yu and Yasmin Masoudi are advising on intellectual property matters.