Fifth Third Bancorp, parent company of Fifth Third Bank, Cincinnati, and Comerica Incorporated, parent company of Comerica Bank, Dallas, announced Oct. 6 that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. Pending regulatory approvals, this transaction would create the ninth-largest bank in the country with approximately $288 billion in assets. The merger is anticipated to close at the end of the first quarter of 2026.
First Merchants Corporation, holding company of First Merchants Bank, Muncie, and First Savings Financial Group, Inc., parent company of First Savings Bank, Jeffersonville, announced Sept. 25 that they have entered into a definitive merger agreement in which First Savings will merge with and into First Merchants in an all-stock transaction valued at approximately $241.3 million. First Savings operates 16 banking center locations in southern Indiana with total assets of $2.4 billion, total loans of $1.9 billion and total deposits of $1.7 billion. The transaction is expected to close in the first quarter of 2026, with system integration completed during the second quarter. The combined institution will have approximately $21 billion in assets with 127 branches across Indiana, Michigan and Ohio. First Merchants expects to appoint Larry W. Myers, president & CEO and a director of First Savings, to its Board of Directors in connection with the merger.
Huntington Bancshares Inc., parent company of Huntington Bank, Columbus, Ohio, announced July 14 it will acquire Veritex Holdings Inc., a bank holding company based in Dallas, in a transaction valued at $1.9 billion. At the end of the first quarter, Veritex reported $13 billion in assets, $9 billion in loans and $11 billion in deposits. The merger was expected to close by the end of 2025.
