Over the last year and a half, efforts have been underway to enhance the guest experience, particularly following the closure of Over-the-Rhine’s flagship restaurant in September. In a significant development, shareholders have approved a merger between Fifth Third Bancorp and Comerica, resulting in the Cincinnati bank acquiring its Dallas counterpart for over $10 billion. This merger positions Fifth Third as the ninth largest bank in the U.S.

Fifth Third and Comerica Merger Finalized, Ranking as 9th Largest Bank in the U.S.

Fifth Third Bancorp, based in Cincinnati, has finalized its merger with Comerica, officially becoming the country’s ninth largest bank. The merger was completed on Monday after shareholders from both companies gave their approval last month. Tim Spence, who serves as chairman, CEO, and president of Fifth Third, expressed satisfaction with the merger, referring to it as a critical step in advancing the bank’s strategy to strengthen its presence in growing markets and enhance its commercial services. He noted that this partnership aims to build a more robust and diverse bank that can provide substantial value to shareholders, customers, communities, and employees, both immediately and over time.

In addition to merging, Fifth Third has ambitious plans for expansion, targeting around 1,750 branches by 2030, with significant locations set for the Southeast, Texas, Arizona, and California. The integration teams from both banks are actively collaborating to ensure a smooth transition for customers during this merging phase.

Following the merger, the bank will retain the name Fifth Third, with plans to rebrand Comerica locations expected in the third quarter.

For further details on how this merger will impact customers and what it entails, more information is available on Fifth Third’s website.