Fifth Third Bancorp said Monday it will acquire fellow regional bank Comerica for $10.9 billion in an all-stock deal that will create one of the largest U.S. banks by assets.

When the deal closes, it will create the ninth-largest U.S. bank — with roughly $288 billion in assets. The transaction is expected to finalize in the first quarter of 2026.

Tune in at 8:45 a.m. ET as Fifth Third CEO Tim Spence joins CNBC TV to discuss the deal. Watch in real time on CNBC+ or the CNBC Pro stream.

"This combination marks a pivotal moment for Fifth Third as we accelerate our strategy to build density in high-growth markets and deepen our commercial capabilities," Fifth Third CEO Tim Spence said in a release.

Comerica shares rallied 11.5% in the premarket following the announcemen

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