Fifth Third Bancorp to Acquire Comerica Incorporated

Fried Frank advised Goldman Sachs & Co. LLC as exclusive financial advisor to Fifth Third Bancorp (Fifth Third) on its merger agreement with Comerica Incorporated (Comerica), under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. This transaction brings together two long-tenured banking franchises to create the ninth largest US bank with approximately $288 billion in assets. Read more in the companies' press release.

This transaction is a continuation of Fried Frank's work advising top banks as financial advisors on high-value deals, which includes the firm previously advising Goldman Sachs as exclusive financial advisor to Anywhere Real Estate in its agreement to combine with Compass, Inc. and Olo Inc. in its $2 billion sale to Thoma Bravo.

The Fried Frank team was led by corporate partners Roy Tannenbaum and Philip Richter and included corporate associates Ryan T. Fung and Peter Tross.

This communication is for general information only. It is not intended, nor should it be relied upon, as legal advice. In some jurisdictions, this may be considered attorney advertising. Please refer to the firm's data policy page for further information.