Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 1

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 1
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erica Holdings”). The merger agreement provides that, upon the terms and subject to the conditions set forth therein, Comerica will merge with and into Fifth Third Intermediary (the “first merger”), with Fifth Third Intermediary as the surviving corporation, and immediately thereafter, Comerica Holdings will merge with and into Fifth Third Intermediary (the “second merger,” and together with the first merger, collectively, the “mergers”), with Fifth Third Intermediary continuing as the surviving corporation. Following the completion of the mergers, at a time determined by Fifth Third, Comerica Bank, a Texas banking association and a wholly owned subsidiary of Comerica (“Comerica Bank”), and Comerica Bank & Trust, National Association, a national banking association and wholly owned subsidiary of Comerica Holdings (“Comerica Bank & Trust”), will each merge with and into Fifth Third Bank, National Association, a national banking association and a wholly owned subsidiary of Fifth Third Intermediary (“Fifth Third Bank”) (collectively, the “bank mergers”), with Fifth Third Bank continuing as the surviving bank. In the first merger, holders of Comerica common stock, par value of $5.00 per share (“Comerica common stock”), will receive 1.8663 shares of Fifth Third common stock, without par value, (“Fifth Third common stock”) for each share of Comerica common stock they own (the “exchange ratio”), representing a value of $82.88 per share based upon Fifth Third’s closing stock price on October 3, 2025, the last trading day before public announcement of the transaction, and a 20% premium to Comerica’s 10-dayvolume-weighted average stock price as of October 3, 2025. Based on the closing price of Fifth Third common stock on NASDAQ on November 24, 2025, the record date and last practicable trading day before the date of the accompanying joint proxy statement/prospectus, of $42.33, the exchange ratio represented $79.00 per share of Comerica common stock as of such date. Holders of Comerica common stock will receive cash in lieu of fractional shares. In addition, each share of Comerica’s 6.875% Fixed-Rate Reset Non-CumulativePerpetual Preferred Stock, Series B (the “Comerica preferred stock”), issued and outstanding immediately prior to the effective time of the first merger will convert into the