DETROIT, MI — Fifth Third Bank plans to invest $7.6 billion in Michigan communities over the next five years following its merger with Comerica, with Detroit expected to receive a significant share of the funding.
The bank announced the commitment Wednesday, Oct. 14, outlining plans to expand lending, investment and philanthropic efforts across the state from 2027 through 2031.
Steve Davis, Fifth Third’s Michigan region president, told MLive that much of the investment will be concentrated in Southeast Michigan, particularly Detroit and Wayne County…