Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 115

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 115
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 October 5, 2025, unanimously (i) determined that (a) it is in the best interests of Fifth Third and its shareholders for Fifth Third to enter into, and to consummate the acquisition provided for in, the merger agreement and (b) the merger agreement and the transactions contemplated thereby (including the mergers, the bank mergers and the Fifth Third stock issuance, are advisable and consistent with, and in furtherance of, the business strategies and goals of Fifth Third and are advisable and fair and in the best interests of Fifth Third, and (ii) adopted and approved the merger agreement and the consummation of the transactions contemplated thereby, including the mergers, the bank mergers and the Fifth Third stock issuance. Accordingly, the Fifth Third board of directors unanimously recommends that the Fifth Third voting shareholders vote “ FOR” the Fifth Third stock issuance proposal and “ FOR” the Fifth Third adjournment proposal. In reaching the decision to approve the merger agreement and the transactions contemplated by the merger agreement (including the mergers, bank mergers and the Fifth Third stock issuance), and the plan of merger and to recommend approval of the Fifth Third stock issuance by Fifth Third’s shareholders, the Fifth Third board of directors evaluated the merger agreement, the mergers, the bank mergers, the Fifth Third stock issuance and the other matters contemplated by the merger agreement in consultation with Fifth Third’s executive team, as well as with Fifth Third’s legal and financial advisors, and considered a number of factors, including the following principal factors:

| • |     | each of Fifth Third’s, Comerica’s and the combined enterprise’s business, operations, financial                                                                                                                                                       
 condition, asset quality, earnings, regulatory compliance and prospects. In reviewing these factors, the Fifth Third board of directors considered its assessment that Comerica’s business, operations, risk profile, product offerings, geographic   
 footprint, customer base and culture complement those of Fifth Third, and that the mergers and the other transactions contemplated by the merger agreement would result in a surviving corporation with a larger scale and market presence than Fifth 
 Third on a                                                                                                                                                                                                                                            |

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| stand-alone basis, including in all Midwest markets in which the combined enterprise operates and in attractive high-growth markets, including key regions             
 in the Southeast, Texas and California, which would thereby enable Fifth Third to serve an expanded customer base and position it for continued growth and investment; |

| • |     | the strategic rationale for the mergers, including (i) that the mergers would create one