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06.10.25 - 14:01
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Fifth Third to Buy Comerica in $10.9 Billion Stock Deal (Bloomberg)
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Fifth Third Bancorp agreed to purchase Comerica Inc. for about $10.9 billion in stock, in a deal that will create the ninth-largest bank in the country, with about $288 billion in assets. Herman Chan of Bloomberg Intelligence has the details on Bloomberg Television. (Source: Bloomberg)...
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06.10.25 - 12:33
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Fifth Third to Acquire Comerica (Business Wire)
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Merger Delivers Compelling Value to ShareholdersCINCINNATI & DALLAS--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) and Comerica Incorporated (NYSE: CMA) today announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. Under the terms of the agreement, Comerica's stockholders will receive 1.8663 Fifth Third shares for each Comerica share, representing $82.88 per share as of Fifth Third's closing stock price on October 3, 2025, and a 20% premium to Comerica's 10-day volume-weighted average stock price. At close, Fifth Third shareholders will own approximately 73% and Comerica shareholders will own approximately 27% of the combined company.
This transaction brings together two long-tenured banking franchises to create the 9th largest U.S. bank with approximately $288 billion in assets. The combination is expected to be immediately accretive to shareholders; deliver peer-leading efficiency, ret...
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19.09.25 - 17:21
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$2 Million Affordable Housing Program Grant from FHLB Dallas and Comerica Bank Helps Launch Affordable Housing for Low-Income Seniors (Business Wire)
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Houston, Texas, Development Features 135 Units and Holistic Support for Low-Income ResidentsHOUSTON--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), Comerica Bank and New Hope Housing joined community leaders to celebrate the grand opening of New Hope Housing Gray, a 135-unit affordable housing development for individuals 55 and older in Houston, Texas' historic Third Ward. This project was made possible in part by a $2 million Affordable Housing Program (AHP) grant from FHLB Dallas via its member Comerica Bank.
The development, spanning two sites on Gray Street, includes 81 units reserved for very low-income seniors and 54 units for low-income residents, helping to address the growing need for affordable housing in the Houston area.
“New Hope Housing Gray is a thoughtful, strategic response to Houston's deepening affordability crisis,” said New Hope Housing President and CEO Joy Horak-Brown. “We are deeply grateful to FHLB Dallas for making this development a reality. Their i...
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