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Stock impact report

Fifth Third-Comerica deal easily wins shareholder approval [Yahoo! Finance]

Fifth Third Bancorp (FITB) 
Last fifth third bancorp earnings: 4/21 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.53.com/investor-overview
Company Research Source: Yahoo! Finance
What's at stake: If the deal crosses the finish line, it will be one of the largest bank mergers of the last decade. Forward look: The banks still need approval from the Federal Reserve Board and the Texas Department of Banking to close their $10.9 billion deal. Fifth Third Bancorp and Comerica each won near-unanimous shareholder approval for their proposed $10.9 billion merger on Tuesday, despite opposition to the deal from a vocal activist investor. Some 99.7% of Fifth Third shareholders and 97% of Comerica shareholders voted in favor of the deal, the banks announced Tuesday afternoon. Fifth Third CEO Tim Spence called the investor support "an important milestone" in a prepared statement. The companies are still awaiting the green light from the Federal Reserve Board, but Spence said last month that he wasn't worried about crossing the T's and closing the acquisition in the first quarter of 2026. The Office of the Comptroller of the Currency gave the two banks its blessin Show less Read more
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