Reported 3 days ago
Fifth Third Bancorp has announced its agreement to buy Comerica for $10.9 billion, marking the largest U.S. bank acquisition of the year. The deal, pending regulatory approval, will combine their resources to create one of the top 20 banks in the country, with $288 billion in total assets. This strategic move is intended to enhance Fifth Third's competitiveness against larger banks as it expands in high-growth markets.
Source: YAHOO