10.08.25
Regional Lenders Are Merging To Answer the Challenge From Megabanks
by: Telis Demos
Regional and midsize banks are merging to compete with megabanks. Fifth Third’s $10.9 billion acquisition of Comerica and PNC’s $4.1 billion purchase of FirstBank highlight a strategy focused on strengthening local deposit bases to ensure stability during market stress. Analysts say regional mergers aim to create “sticky” local deposits, crucial for resilience after the 2023 banking crisis, as megabanks expand their branch networks nationally.
Read the full article on The Wall Street Journal