Fifth Third Re-enters Auto Floorplan Market via Comerica Acquisition

Key Facts

1Fifth Third Bank re-entered the floorplan financing market after a three-year hiatus following its acquisition of Comerica Bank.

2The bank's portfolio in this sector now totals $9.5 billion, leveraging Comerica's extensive dealer network.

Fifth Third Bank re-entered the floorplan financing market after a three-year hiatus following its acquisition of Comerica Bank. Auto Finance News reported that the bank's portfolio in this sector now totals $9.5 billion, as it leverages Comerica's extensive dealer network.

The move aims to expand the bank's commercial lending reach by integrating established dealer relationships from the acquired entity. This strategic expansion reflects the realization of synergies following the merger to strengthen the bank's position in the automotive finance market.