Two notable banks are merging, creating one of the largest banks in the United States.

Fifth Third Bank of Cincinnati, Ohio, is acquiring the Dallas, Texas, bank Comerica in an all-stock transaction valued at $10.9 billion, the companies announced in a statement on Monday.

The transaction is expected to close at the end of the first quarter of 2026, but is still subject to shareholder approvals for both banks, regulatory approvals and closing conditions.

Once it closes, Fifth Third shareholders will own about 73% and Comerica shareholders will own approximately 27% of the combined company.

The approval of this transaction will bring together two banking franchises creating the 9th largest U.S. bank with approximately $288 billion in assets, the statement reads.

“This combination mar

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