Jacksonville, February 11, 2026
Fifth Third Bank’s acquisition of Comerica Inc. significantly enhances its footprint in Jacksonville. Valued at $10.9 billion, the merger creates one of the largest banks in the U.S., allowing for improved banking services and community investment. With plans for a new branch and a commitment to growth, the merger promises robust economic impacts for both individuals and businesses in the region.
Jacksonville, Florida
Fifth Third Bank’s recent acquisition of Comerica Inc. is set to significantly enhance its presence in Jacksonville, introducing new banking services and opportunities to the region.
The merger, valued at $10.9 billion, was finalized on February 1, 2026, creating the ninth-largest bank in the United States with approximately $294 billion in assets. This strategic move positions Fifth Third Bank to operate in 17 of the 20 fastest-growing large markets nationwide, including key areas in the Southeast, Texas, and California, while reinforcing its leadership in the Midwest.
This merger isn’t just a major financial maneuver; it reflects a broader trend of consolidation among banks that can strengthen local economies. By merging with Comerica, Fifth Third Bank can broaden its reach, offering improved services that are essential for both personal clients and local businesses. The increased market presence means more investment in communities like Jacksonville, which is crucial for sustaining growth and enhancing economic opportunities.
Expanded Banking Services for Jacksonville
For Jacksonville, this development translates into expanded access to capital, a broader suite of digital tools, and a deeper bench of local relationship bankers. The combined entity aims to deepen its commercial capabilities and build density in high-growth markets, aligning with Fifth Third’s long-term expansion strategy.
Recent Developments in the Local Market
Prior to the merger, Fifth Third Bank had been actively investing in the Jacksonville area. In August 2025, the bank received approval for a new branch in the Wildlight master-planned community in Nassau County, marking its first location in that area. This branch is planned to be a 2,400-square-foot facility with a drive-thru, situated on the north side of Florida 200, about a half-mile east of Interstate 95. The project is expected to enhance Fifth Third’s footprint in North Florida and provide additional banking services to the community.
Leadership and Strategic Direction
Additionally, in June 2025, Fifth Third Bank appointed Scott Daigle as the North Florida region president. Daigle, who has extensive experience in banking and commercial lending, is tasked with overseeing the strategic direction and growth of Fifth Third’s commercial banking, wealth and asset management, and commercial payments businesses across key markets, including Jacksonville. His leadership is anticipated to drive further expansion and strengthen the bank’s presence in the region.
A Commitment to Community
These initiatives underscore Fifth Third Bank’s commitment to Jacksonville and its broader strategy to enhance its services and infrastructure in high-growth markets. The merger with Comerica is expected to further solidify the bank’s position in the Southeast and provide enhanced financial services to both individual and business customers in Jacksonville.
Current Market Position
Fifth Third Bank’s stock (ticker: FITB) is currently trading at $54.50, reflecting a slight increase of 0.29% from the previous close.
Conclusion
This merger represents a significant step in the evolution of banking services in Jacksonville, promising enhanced financial solutions for both individuals and businesses. Local residents and entrepreneurs should keep an eye on how these developments unfold, as they could be pivotal in shaping the economic landscape of the area. As Fifth Third Bank continues to expand its capabilities and services, the potential for economic growth in Jacksonville appears robust. Supporting local businesses and staying informed about these changes will be vital as the region evolves.
- What is the significance of Fifth Third Bank’s acquisition of Comerica Inc. for Jacksonville?
- The acquisition is set to enhance Fifth Third Bank’s presence in Jacksonville, introducing new banking services and opportunities to the region.
- When was the merger between Fifth Third Bank and Comerica Inc. finalized?
- The merger was finalized on February 1, 2026.
- What is the combined asset value of Fifth Third Bank after the merger?
- The combined entity has approximately $294 billion in assets, making it the ninth-largest bank in the United States.
- How does the merger impact Fifth Third Bank’s market presence?
- The merger allows Fifth Third Bank to operate in 17 of the 20 fastest-growing large markets nationwide, including key areas in the Southeast, Texas, and California, while reinforcing its leadership in the Midwest.
- What recent developments have Fifth Third Bank undertaken in Jacksonville?
- In August 2025, Fifth Third Bank received approval for a new branch in the Wildlight master-planned community in Nassau County, marking its first location in that area. Additionally, in June 2025, Scott Daigle was appointed as the North Florida region president to oversee strategic growth in markets including Jacksonville.
| Key Feature | Details |
|---|---|
| Merger Finalization Date | February 1, 2026 |
| Combined Assets | Approximately $294 billion |
| New Branch Location | Wildlight master-planned community in Nassau County |
| Branch Size | 2,400-square-foot facility with a drive-thru |
| North Florida Region President | Scott Daigle |
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Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
