Fifth Third Bank Launches Innovation Banking, a Growth Platform Built for Companies at Every Stage
Business Wire•01/10/2026•08:00 ET
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Key Highlights
- ➤Fifth Third (FITB) launches Innovation Banking combining Comerica’s 34-year Tech and Life Sciences franchise
- ➤FITB sees potential $10 billion multi-year deposit growth opportunity
- ➤Newline platform powers embedded banking for enterprise clients, including Trustly and Stripe
- ➤Innovation Banking combines venture expertise, payments, lending, capital markets and wealth services
Expert Statements
Tim Spence, Chairman, CEO and President of Fifth Third Bank
“Serving the innovation economy takes two things that rarely sit in the same bank: deep expertise in the start-up and venture capital ecosystem and modern payments infrastructure”
Tim Spence, Chairman, CEO and President of Fifth Third Bank
“The Comerica team has banked innovators for decades, and Newline is part of the bank’s Commercial Payments engine that drives more than $18 trillion in payments a year. Bringing them together is how we build a differentiated business and a durable source of growth for Fifth Third.”
David Whiting, Head of Innovation Banking at Fifth Third
“Founders increasingly want a banking partner that can support them across their life cycle and provide real value at each stage”
David Whiting, Head of Innovation Banking at Fifth Third
“We are building a platform to support clients across the journey, not just the moment.”
Fifth Third Bank Launches Innovation Banking, a Growth Platform Built for Companies at Every Stage
New business unites Comerica's 34-year innovation franchise with Fifth Third's Newline payments platform
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