Fifth Third Bancorp (FITB) Announces New Financial Centers in the Southeast

​Fifth Third Bancorp (NASDAQ:FITB) is one of the Cheap NASDAQ Stocks to Buy Now. On December 3, Fifth Third Bancorp (NASDAQ:FITB) reached a major milestone in the Southeast expansion strategy by announcing the opening of its 200th financial center in Florida and 100th center in the Carolinas.

​The new openings reflect the bank’s execution of its commitment to expanding in high-growth markets. Fifth Third Bancorp (NASDAQ:FITB) has accelerated its expansion during the year and now has more than 1,100 banking centers nationwide. Management noted that the expansion will further accelerate after the completion of the planned acquisition of Comerica in the first half of 2026. The Comerica acquisition was announced earlier on October 6.

​Earlier on November 7, management of Fifth Third Bancorp (NASDAQ:FITB) presented at The BancAnalysts Association of Boston Conference. Management noted that they expect the Comerica acquisition to drive growth over the next 5 to 10 years. Moreover, the company also pointed towards its plan to expand in Texas and the Southeast.

​Fifth Third Bancorp (NASDAQ:FITB) is an American diversified financial services company that offers comprehensive banking solutions according to the needs of small businesses, middle-market companies, and large corporations.

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Disclosure: None. This article is originally published at Insider Monkey.