Fans should enjoy going to see the Detroit Tigers play at Comerica Park while they can.
After Fifth Third Bank agreed to acquire Comerica Bank in a $10.9 billion deal earlier this week, that name likely isn’t long for the downtown Detroit ballpark, home to the Tigers since 2000.
The deal, which will make the combined entity the ninth-largest U.S. bank with some $288 billion in assets, is likely to result not only in some bank branch closures, but also a change to the naming rights for the ballpark.
Officials said whatever change comes could come as soon as the 2027 season.
“We’ll definitely come back to that and work with all the partners to say, what’s the right name to be on the ballpark,” David Girodat, Fifth Third’s Michigan regional president, told The Detroit News. “It’s an iconic asset in the city of Detroit.”
Under the terms of the agreement, Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share, representing $82.88 per share as of Fifth Third’s closing stock price on October 3, 2025, and a 20% premium to Comerica’s 10-day volume-weighted average stock price. At close, Fifth Third shareholders will own approximately 73% and Comerica shareholders will own approximately 27% of the combined company.
This transaction brings together two long-tenured banking franchises to create the 9th largest U.S. bank with approximately $288 billion in assets. The combination is expected to be immediately accretive to shareholders; deliver peer-leading efficiency, return on assets and return on tangible common equity ratios; and create a compelling platform to generate sustainable long-term growth.
The combined entity will operate in 17 of the 20 fastest-growing markets in the country, including key regions in the Southeast, Texas and California, while solidifying its leadership in the Midwest. By 2030, it is expected that over half of Fifth Third’s branches will be located in the Southeast, Texas, Arizona and California.
Moreover, the combined company will have two $1 billion recurring and high return fee businesses – Commercial Payments and Wealth and Asset Management – which provide durable, diversified earnings and the additional capacity to reinvest in future growth.
“This combination marks a pivotal moment for Fifth Third as we accelerate our strategy to build density in high-growth markets and deepen our commercial capabilities,” said Tim Spence, Chairman, CEO and President of Fifth Third Bank. “Comerica’s strong middle market franchise and complementary footprint make this a natural fit. Together, we are creating a stronger, more diversified bank that is well-positioned to deliver value for our shareholders, customers, and communities – starting today, and over the long-term.”
Curt Farmer, chairman, president and CEO of Comerica, said the merger will help Comerica continue its relationship banking, which he said “has served our customers for nearly two centuries.”
“Joining with Fifth Third – with its strengths in retail, payments and digital – allows us to build on our leading commercial franchise and further serve our customers with enhanced capabilities across more markets, while staying true to our core values,” Farmer said. “I am confident that we will be better together, and our customers, shareholders and communities will benefit.”
