Fifth Third closes merger with Comerica to become 9th largest U.S. bank

FIFTH THIRD BANCORP

Combined assets ~$294B; exchange ratio 1.8663 Fifth Third shares per Comerica share.
Fifth Third assumes $1.79B in Comerica parent notes and $626M in Comerica Bank notes.
Three former Comerica directors join Fifth Third board: Kerr, Smith, Van de Ven.
Full system/brand conversion expected in Q3 2026; Comerica brand until then.
Plans 150 new de novo branches in Texas as part of growth strategy.

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