Fifth-Third Bank Has Agreed To Buy Comerica Bank In All Stock Deal Valued At $10.9 Billion.
In an unexpected move in banking happened today. Fifth Third Bank has agreed to buy Comerica Bank in an all-stock deal valued at $10.9 billion. The merger would create the ninth-largest U.S. bank. Yes, baseball fans, Comerica Park will probably be changing its name.
The deal is still subject to approval by federal regulators and bank shareholders. If the sale gets the green light it could close by March 2026.
Fifth Third will rebrand Comerica branches by late 2026 or early 2027. This includes sports team sponsorships and naming-rights deals.
The Merger Will Change Comerica Park’s Name in 2026 or 2027
Comerica’s naming-rights for Comerica Park runs through 2034. Comerica Park is the home of the Detroit Tigers.
Comerica Bank CEO Curt Farmer said there is no plan to change the stadium’s name for the 2026 baseball season. But a rebrand would be possible for the following year.
Cincinnati-based bank is more than twice the size of Comerica. The deal would expand Fifth Third’s reach to more fast-growing U.S. markets.
Comerica, which was once headquartered in Detroit before relocating to Dallas in 2007. FDIC data shows Comerica has 143 branch offices. Fifth Third Bank currently has 163 branches.
