Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 177

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 177
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 the representations and warranties contained in the merger agreement and described in this summary, it is important to bear in mind that the representations and warranties were negotiated with the principal purpose of establishing
circumstances in which a party to the merger agreement may have the right not to consummate the first merger if the representations and warranties of the other party prove to be untrue due to a change in circumstance or otherwise, and allocating
risk between the parties to the merger agreement, rather than establishing matters as facts. The representations and warranties also may be subject to a contractual standard of materiality different from that generally applicable to shareholders and
reports and documents filed with the SEC, and some were qualified by the matters contained in the confidential disclosure schedules that Fifth Third and Comerica each delivered in connection with the merger agreement and certain documents filed with
the SEC. Moreover, information concerning the subject matter of the representations and warranties, which do not purport to be accurate as of the date of this joint proxy statement/prospectus, may have changed since the date of the merger agreement.
Accordingly, the representations and warranties in the merger agreement should not be relied on by any persons as characterizations of the actual state of facts about Fifth Third and Comerica at the time they were made or otherwise.

Structure of the Mergers

Each
of Fifth Third’s and Comerica’s respective boards of directors has unanimously approved and adopted the merger agreement. The merger agreement provides for the merger of Comerica with and into Fifth Third Intermediary, with Fifth Third
Intermediary continuing as the surviving corporation, which we refer to as the “first merger”. Following the completion of the merger, Comerica Holdings will merge with and into Fifth Third Intermediary, with Fifth Third Intermediary
continuing as the surviving corporation, which we refer to as the “second merger”, and together with the first merger, collectively, 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 wholly owned subsidiary of Fifth Third Intermediary (“Fifth Third Bank”) with Fifth Third Bank continuing as the surviving bank in each of the bank mergers.

119

Prior to the completion of the first merger