Company: FITBI
Filing Date: 2025-10-08
Form Type: 8-K
Source: 0001193125-25-234686
Chunk: 0

Company: FIFTH THIRD BANCORP
Filing Date: 2025-10-08
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive Agreement.

On October 5, 2025, Fifth Third Bancorp, an Ohio corporation (“ Fifth Third”), entered into an Agreement and Plan of Merger (the “ Merger Agreement”) with Comerica Incorporated, a Delaware corporation (“ Comerica”), Comerica Holdings Incorporated, a Delaware corporation and a wholly owned subsidiary of Comerica (“ Comerica Holdings”), and Fifth Third Financial Corporation, an Ohio corporation and a wholly owned subsidiary of Fifth Third (“ Fifth Third Intermediary”).

The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, (i) Comerica will merge with and into Fifth Third Intermediary (the “ Merger”), with Fifth Third Intermediary continuing as the surviving corporation in the Merger, and (ii) immediately thereafter, Comerica Holdings will merge with and into Fifth Third Intermediary, with Fifth Third Intermediary continuing as the surviving corporation (the “ Second Step Merger”, and together with the Merger, the “ Mergers”). Following the completion of the Mergers, at a time determined by Fifth Third, each of Comerica Bank, a Texas banking association and wholly owned subsidiary of Comerica and Comerica Bank & Trust, National Association, a national bank and wholly owned subsidiary of Comerica Holdings, will each merge with and into Fifth Third Bank, National Association, a national banking association and a wholly owned subsidiary of Fifth Third Intermediary (each, a “ Bank Merger” and collectively, the “ Bank Mergers”), with Fifth Third Bank, National Association continuing as the surviving bank in each of the Bank Mergers. The Merger Agreement was unanimously approved by the boards of directors of each of Fifth Third and Comerica.

Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger (the “ Effective Time”), each share of common stock, par value $5.00 per share, of Comerica (“ Comerica Common Stock”) outstanding immediately prior to the Effective Time, other than shares held by Comerica or Fifth Third, will be converted into the right to receive 1.8663 shares (the “ Exchange Ratio”) of common stock, without par value, of Fifth Third (“ Fifth Third Common Stock”). Holders of Comerica Common Stock will receive cash in lieu of fractional shares. In addition, subject to the terms and conditions of