Bringing Momentum Back: 3 Mid-Market Banking M&A Deals
BNY Mellon × Northern Trust (In Discussion, 2025)
A potential merger between two global custody and wealth powerhouses that would reshape asset servicing. The strategic driver: consolidating technology infrastructure to deliver scale, automation, and richer client analytics.
PNC × FirstBank (September 2025)
A $4.1 billion acquisition adding $26.8 billion in assets and 95 branches across Colorado and Arizona. PNC gains a foothold in the fast-growing Rocky Mountain region—and integrates FirstBank’s strong digital consumer platform to speed market entry.
Fifth Third × Comerica (October 2025)
A $10.9 billion all-stock deal creating the ninth-largest U.S. bank by assets. The acquisition strengthens Fifth Third’s digital lending and treasury capabilities while expanding its commercial footprint across Texas and the Midwest.
The biggest bank mergers aren’t just about branch networks— they’re about digital advantage. From core modernization to data-driven scale, acquirers are targeting banks that accelerate technology readiness and efficiency.