Fifth Third CEO says Comerica deal will expand presence in US middle markets, growth regions
07/10/2025 14:13
By Nupur Anand NEW YORK, Oct 7 (Reuters) - Fifth Third FITB.O CEO Tim Spence said discussions to buy regional bank Comerica CMA.N started a few weeks ago when the latter company's CEO Curtis Farmer called to discuss a deal, Spence told Reuters in an interview on Tuesday. Fifth Third announced an agreement on Monday to buy Comerica in an all-stock deal valued at $10.9 billion. It was the biggest U.S. bank deal of the year and would create the nation's ninth-largest lender. (Reporting by Nupur Anand in New York, editing by Lananh Nguyen) ((Nupur.Anand@thomsonreuters.com; +1 646 240 2975;))
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