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A $15B Comerica-Fifth Third merger may close some Michigan branches to cut overlap, pending regulatory approval.
A proposed $15 billion merger between Comerica and Fifth Third Bancorp may lead to the closure of several Michigan bank branches, according to regulatory filings and industry sources.
The deal, which requires approval from federal and state regulators, could result in branch consolidations to reduce overlap in the state’s banking market.
No specific locations have been confirmed, but officials say the changes are expected to streamline operations.
The merger is still under review, with a final decision pending.
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Una fusión de $15B Comerica-Fifth Third puede cerrar algunas sucursales de Michigan para reducir la superposición, a la espera de la aprobación regulatoria.