Dallas-based Comerica is being acquired by Cincinnati-based Fifth Third Bancorp in a $10.9 billion, all-stock deal, as announced Monday.
While Fifth Third does not have a branch presence in Dallas-Fort Worth, Comerica is one of the region’s more visible banks.
Here’s what to know about the bank:
Where does Comerica operate?
Business Briefing
Comerica Bank operates 354 branches in five states: Arizona, California, Florida, Michigan and Texas.
This represents the seventh-most offices in the country among state-chartered banks.
Comerica’s largest presence is in Michigan, where it has 144 branches, with Texas next, operating 108 branches. D-FW counts 51 branches, the most of any Texas metro.
In 2023, Comerica had more than 400 branches. But throughout 2024 and early 2025, it closed underperforming locations as a cost-cutting strategy.
How much money does it control?
Comerica has over $61 billion in deposits, down from $67 billion in 2023, but still the 16th-largest sum of all non-nationally chartered banks in the country.
Texas is responsible for $9.4 billion of that, with D-FW alone contributing $5 billion.
Comerica has 51 offices in the Dallas-Fort Worth region, according to the Federal Depository Insurance Corp., making it the 12th-largest bank in the area based on the amount of deposits.
Nationally, Comerica represents under 1% of all deposits, but across the five states it operates in, Comerica has the 11th-largest market share by deposits.
Michigan ties
Comerica was founded as the Detroit Savings Fund Institute in 1849, and to this day, the bank remains a financial juggernaut in Michigan, despite moving its headquarters to Dallas.
In the Mitten State, Comerica has over $36 billion in deposits, nearly 12% of the state’s total deposits. This makes it the third-largest bank in Michigan, outpacing national brands like Bank of America and PNC.
The Detroit area alone makes up $32 billion of those deposits, and also counts the most Comerica branches of any metro by far, with 110.
Downtown Dallas’ Comerica Bank Tower
After being headquartered in Detroit for over 100 years, Comerica entered a new era in 2007 when it moved from the Michigan metropolis to Dallas.
Comerica’s stated reason for the move at the time was to be closer to all its markets, especially the high-growth Sun Belt markets it had recently entered.
In Dallas, Comerica made 1717 Main Street its home, and the building was renamed Comerica Bank Tower. While the bank doesn’t own the tower, which is the eighth-tallest tower in Texas, the name change honored the bank’s significant and ongoing presence in the building.
The tower, designed by architect Philip Johnson, has stood since 1987 under several names and is a bastion of post-modern design. It has been troubled by underoccupancy in recent years, leading current owners Slate Asset Management to propose an ambitious redevelopment plan earlier this year.