Fed approves Fifth Third acquisition of Comerica

Reuters
01/14
Fed approves Fifth Third acquisition of Comerica

WASHINGTON, Jan 13 (Reuters) - The U.S. Federal Reserve announced on Tuesday it had approved the acquisition of regional lender Comerica CMA.N by Fifth Third FITB.O, an all-stock deal valued at $10.9 billion that would create the nation's ninth-largest lender.

The deal was originally announced in October, and would mark the largest bank deal of the year.

(Reporting by Pete Schroeder; Editing by Chris Reese)

((pete.schroeder@thomsonreuters.com))

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