{"id":282348,"date":"2025-10-06T19:24:12","date_gmt":"2025-10-06T19:24:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/282348\/"},"modified":"2025-10-06T19:24:12","modified_gmt":"2025-10-06T19:24:12","slug":"what-to-know-about-comerica-the-dallas-based-bank-being-acquired-for-11-billion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/282348\/","title":{"rendered":"What to know about Comerica, the Dallas-based bank being acquired for $11 billion"},"content":{"rendered":"

Dallas-based Comerica is being acquired by Cincinnati-based Fifth Third Bancorp<\/a> in a $10.9 billion, all-stock deal, as announced Monday. <\/p>\n

While Fifth Third does not have a branch presence in Dallas-Fort Worth, Comerica is one of the region\u2019s more visible banks.<\/p>\n

Here\u2019s what to know about the bank<\/a>: <\/p>\n

Where does Comerica operate?<\/p>\n

Business Briefing<\/p>\n

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Comerica Bank operates 354 branches in five states: Arizona, California, Florida, Michigan and Texas.<\/p>\n

This represents the seventh-most offices in the country among state-chartered banks. <\/p>\n

Comerica\u2019s 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.<\/p>\n

In 2023, Comerica had more than 400 branches. But throughout 2024 and early 2025, it closed underperforming locations as a cost-cutting strategy.<\/p>\n

How much money does it control?<\/p>\n

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.<\/p>\n

Texas is responsible for $9.4 billion of that, with D-FW alone contributing $5 billion.<\/p>\n

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. <\/p>\n

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. <\/p>\n

Michigan ties<\/p>\n

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.<\/p>\n

In the Mitten State, Comerica has over $36 billion in deposits, nearly 12% of the state\u2019s total deposits. This makes it the third-largest bank in Michigan, outpacing national brands like Bank of America and PNC. <\/p>\n

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.<\/p>\n

Downtown Dallas\u2019 Comerica Bank Tower<\/p>\n

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.<\/a><\/p>\n

Comerica\u2019s 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. <\/p>\n

In Dallas, Comerica made 1717 Main Street<\/a> its home, and the building was renamed Comerica Bank Tower. While the bank doesn\u2019t own the tower, which is the eighth-tallest tower in Texas, the name change honored the bank\u2019s significant and ongoing presence in the building.<\/p>\n

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<\/a> earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"Dallas-based Comerica is being acquired by Cincinnati-based Fifth Third Bancorp in a $10.9 billion, all-stock deal, as announced…\n","protected":false},"author":3,"featured_media":282349,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5135],"tags":[5229,8392,1596,14052,79,8396,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-282348","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-america","9":"tag-banking","10":"tag-dallas","11":"tag-downtown-dallas","12":"tag-economy","13":"tag-mergers-and-acquisitions","14":"tag-texas","15":"tag-tx","16":"tag-united-states","17":"tag-united-states-of-america","18":"tag-unitedstates","19":"tag-unitedstatesofamerica","20":"tag-us","21":"tag-usa"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/282348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=282348"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/282348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/282349"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=282348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=282348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=282348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}