Fifth Third Bancorp

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Fifth Third Bancorp stock analysis FITB overview
Somewhat Bearish -25

75 Comerica, Fifth Third branches closing in Michigan: See the final list

📉 Fifth Third Bank has finalized a plan to close 75 bank branches across Michigan this summer.

🏦 The closures include 55 legacy Comerica Bank locations and 20 existing Fifth Third branches.

🗓️ Branch shutdowns are scheduled to occur by September 3rd and September 4th, varying by specific location.

🔄 All Comerica customers will be converted to the Fifth Third system during the Labor Day weekend on September 7th.

🏛️ After the closures, Michigan will have a total of 227 Fifth Third branches, including 116 in the metro Detroit region.

💰 Cincinnati-based Fifth Third acquired Texas-based Comerica in February for $12.7 billion in an all-stock deal.

🔗 ATM access is already interchangeable between legacy Comerica and Fifth Third customers.

📝 The finalized closure list includes some changes from the initial plan, with specific branches added or removed.

🗣️ Steve Davis, Michigan Regional President for Fifth Third, stated that customers will have more branch access post-merger.

📍 Former Comerica customers will gain 60% more branch availability, while existing Fifth Third customers will see a 40-45% increase.

🏙️ Despite three Comerica branches closing in Detroit, 19 Fifth Third branches will remain available in the city.

👥 Fifth Third plans to lay off 502 workers at the former Comerica Great Lakes Campus in Farmington Hills between July and November.

📍 A list of specific branch addresses affected by the closures is provided in the article.

🏟️ Comerica Park, home of the Detroit Tigers, will receive a new name after the 2026 baseball season concludes.

Bullish Signals
  • Following the closures, customers will have access to a significantly expanded branch network, with legacy Comerica customers gaining 60% more branches and existing Fifth Third customers gaining 40% to 45% more branches.
  • Customers will retain convenient access with 19 Fifth Third branches remaining in Detroit even after three local closures.
  • ATM interoperability is already in place, allowing Comerica cardholders to use Fifth Third ATMs and vice versa before the full integration.
  • Fifth Third has confirmed that no additional large-scale layoffs are anticipated beyond the previously announced 502 positions at the Farmington Hills campus.
  • The bank plans to move staff from closed branches to receiving locations to ensure continuity of customer experience.
Risk Factors
  • Fifth Third Bank plans to close 75 bank branches across Michigan by September 3 and 4, including 20 existing Fifth Third locations.
  • The consolidation will result in the complete elimination of the Comerica Bank brand name after converting all customers to the Fifth Third system on September 7.
  • Fifth Third is laying off 502 workers at Comerica's former Great Lakes Campus in Farmington Hills between July and November as part of the integration.
Full Analysis
Fifth Third Bank has finalized its plan to close 75 bank branches across Michigan this summer, comprising 55 legacy Comerica locations and 20 existing Fifth Third branches. The closures are scheduled to occur by September 3 and 4, with the bank planning to convert all Comerica customers to the Fifth Third system during the Labor Day weekend on September 7 before dropping the Comerica Bank name entirely. Following these changes, Michigan will have a total of 227 Fifth Third branches, including 116 in the five-county metro Detroit region, up from the combined 306 branches (163 Fifth Third and 143 Comerica) that existed last summer according to FDIC data. The branch consolidation follows Fifth Third's acquisition of Comerica in February for $12.7 billion in stock, a deal that already allows customers interchangeability at ATMs between the two brands. Steve Davis, Michigan Regional President for Fifth Third Bank, stated that despite the closures, customers will have greater access to branches; pre-merger Comerica customers will have 60% more branch options, while existing Fifth Third customers will see a 40% to 45% increase. Davis emphasized that staff from closed locations will be moved to receiving branches to maintain customer experience continuity and noted that Detroit will still retain 19 Fifth Third branches even after three Comerica locations close within the city. In addition to the branch closures, Fifth Third plans to lay off 502 workers at Comerica's former Great Lakes Campus in Farmington Hills between July and November, with Davis indicating no further large-scale layoffs are anticipated during the integration. The bank also confirmed that Comerica Park, home of the Detroit Tigers, will receive a new name after the 2026 baseball season concludes.