Fifth Third to Cut 502 Jobs at Former Comerica Campus After $294 B Merger

*TL;DR: Fifth Third Bank will eliminate 502 positions at its former Comerica campus in Farmington Hills as it reshapes operations after a $294 billion merger.

Context

The layoffs target the 340,000‑square‑foot Great Lakes campus acquired from Comerica earlier this year. A state WARN filing shows the cuts will occur between July 1 and November. The campus, opened in 2024, once housed nearly 2,000 employees.

Key Facts

- Fifth Third and Comerica completed a merger that created the ninth‑largest bank in the United States, with roughly $294 billion in assets. - The bank announced a permanent reduction of 502 jobs at the Farmington Hills office, located at 36455 Corporate Drive. - In a statement, Fifth Third said it is “reviewing operations to optimize our organizational structure and ensure we are best positioned for long‑term growth and sustainable profitability.” - The company added it is “focused on creating a new Fifth Third that creates meaningful opportunities for employees, and we’re making changes to align staffing with future business needs.” - No details were given about which roles or departments will be affected.

What It Means

The job cuts reflect the overlap created by merging two banks with extensive footprints in Michigan. Fifth Third already plans to anchor its Michigan presence at One Campus Martius in Detroit, while maintaining a regional network that includes the Farmington Hills campus, a Birmingham office, and an Auburn Hills operations center. Analysts had expected redundancies, as both institutions operated parallel branches and corporate functions in the state.

Comerica previously reduced staff as the merger neared completion, and the combined entity now anticipates closing about 55 Comerica branches and 21 Fifth Third locations in Michigan, though branch closures are not expected until the second half of 2026. The current layoffs signal a shift toward consolidating back‑office functions and streamlining the merged bank’s cost structure.

Employees affected will receive notice under the Worker Adjustment and Retraining Notification Act, which requires advance warning for large layoffs. The broader impact on the local economy will depend on how quickly displaced workers find new positions in the region’s sizable financial services sector.

Looking Ahead

Watch for further announcements on branch closures and additional staffing adjustments as Fifth Third finalizes its post‑merger integration plan.