Shareholders of Fifth Third Bancorp and Comerica Inc. have approved the merger of the two companies, expected to close in the first quarter of this year. The all-stock deal is valued at $10.9 billion, with Comerica shareholders receiving 1.8663 Fifth Third shares for each Comerica share. The combined company will be the ninth largest US bank with $290 billion in assets. Fifth Third Bancorp closed at $49.78 on the NASDAQ, while Comerica Inc. ended trading at $92.45 on the NYSE.

Read more at Nasdaq: Fifth Third Bank, Comerica Shareholders Vote To Approve Proposed Merger