Fifth Third Bancorp Closing 75 Michigan Branches Post-Comerica Acquisition

Fifth Third Bancorp is closing 75 branches in Michigan as part of its acquisition of Comerica Bank, according to filings with the Office of the Comptroller of the Currency.

The statewide closures will impact both Comerica and Fifth Third branch locations as the two banks form what is the ninth-largest bank in the country, with about $288 billion in assets. Cincinnati-headquartered Fifth Third Bank bought Comerica in a $10.9 billion deal that closed in February.

In addition to the 75 locations in Michigan, four branches in Florida, one in Texas and one in California will also close as part of the deal.

The 75 Michigan locations will close Sept. 3 and 4, said Steve Davis, Michigan region president for Fifth Third.

Davis said the final conversion to Fifth Third branding will take place over Labor Day weekend. He also told Crain’s that the bank plans to consolidate the employees of the closing branches into receiving branches as much as possible.

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