The US Federal Reserve System has approved a major banking merger involving Fifth Third Bancorp and Comerica Incorporated. The approval was granted through an official order dated January 13, 2026. A few days ago, the US had also approved the merger of two more banks – Prosperity Bancshares and Southwest Bancshares.
As per the order, Fifth Third Bancorp, a financial holding company based in Cincinnati, Ohio, will merge Comerica Incorporated, a Dallas-based financial holding company, into its wholly owned subsidiary, Fifth Third Financial Corporation. With this merger, Fifth Third will indirectly acquire Comerica Bank, which is Comerica’s state member bank subsidiary in Texas.
The approval also allows the merger of Comerica Holdings Incorporated, Comerica’s wholly owned subsidiary, into Fifth Third Financial. As a result, Comerica Bank & Trust, a national bank based in Ann Arbor, Michigan, will also come under Fifth Third’s control.
After these holding company mergers are completed, Comerica Bank and Comerica Bank & Trust will be merged with Fifth Third Bank, the national banking subsidiary of Fifth Third Bancorp. Fifth Third Bank is headquartered in Cincinnati, Ohio.
The Federal Reserve granted this approval under the Bank Holding Company Act, clearing the way for the consolidation of the two banking groups. The merger is expected to strengthen Fifth Third’s banking presence across multiple US states.
Fifth Third, with consolidated assets of approximately $212.9 billion, is the 22nd largest insured depository organization in the United States. Fifth Third controls approximately $166.6 billion in consolidated deposits, which represent less than 1 percent of the total amount of deposits of insured depository institutions in the United States. Fifth Third controls Fifth Third Bank.
Comerica, with consolidated assets of approximately $77.5 billion, is the 41st largest insured depository organization in the United States. Comerica controls approximately $62.7 billion in consolidated deposits, which represent less than 1 percent of the total amount of deposits of insured depository institutions in the United States. Comerica controls Comerica Bank.
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