The $10.9 billion buyout of Dallas-based Comerica Inc. by Fifth Third Bancorp has officially closed. The deal allows Fifth Third to expand its footprint in Texas. Comerica has 101 branches in Texas, including 51 in DFW.
The Dallas Business Journal reports Fifth Third executives have said they plan to use the acquisition of Comerica to expand in DFW. The bank intends to open 150 new branches in Texas by 2029, or 50 per year, with many of them in the Metroplex.
Additionally, it’s not clear what will become of the 60-story Comerica tower at 1717 Main St…