Fifth Third Bank is moving to Preston Center in the coming years and exiting Comerica Bank Tower downtown following the merger with Comerica Bank completed earlier this year.
A spokesperson for the financial institution said Fifth Third will move into a building currently under construction at 8300 Douglas Avenue. It’s expected to be ready for Fifth Third to move in by the fourth quarter of 2028. As part of the move, Fifth Third will exit Comerica’s prior leased space at Comerica Bank Tower, where Comerica was based since 2007 following a move from Detroit. The news marks the latest corporate exit from Downtown Dallas after the announcement early this year that AT&T will relocate from the city center to Plano.
“For decades, Comerica has been a cornerstone of the North Texas business community, and we’re proud to see that legacy continue and strengthen under Fifth Third,” said Brad Cheves, President and CEO of the Dallas Regional Chamber. “Establishing Dallas as a major hub for customers, corporate functions, and a growing workforce reinforces what business leaders across industries already know: the Dallas–Fort Worth Metroplex offers an unparalleled combination of talent, connectivity, and opportunity. We look forward to growing alongside Fifth Third and to the lasting impact this commitment will have on our region and across Texas.”
Our sister publication D CEO reports Fifth Third plans to move out of Comerica Bank Tower within 90 days.
The bank’s upcoming new home is in the part of Preston Center being redeveloped by RAMROCK Real Estate, Lincoln Property Company, and HKS Architects, and others.
“Bringing Fifth Third to 8300 Douglas is a definitive endorsement of the quality and vision behind this project,” said Robert Dozier of RAMROCK Real Estate president. “In a market where companies are demanding ‘flight to quality’ with amenities that rival those of a luxury hotel, this development stands alone. We are proud to provide a home for Fifth Third that reflects the bank’s commitment to excellence and positions its Texas regional headquarters at the epicenter of Dallas business and community life.”
A press release states that Fifth Third will occupy two floors of the new building and start an on-site banking center there.
Fifth Third’s North Texas presence already includes a location at 8850 Boedeker Street at NorthPark, which will serve as the temporary headquarters until the move into the new Preston Center building, a location at 5201 E. RL Thornton Freeway in Dallas, and a Frisco location at 17 Cowboys Way.
“Dallas is one of our most dynamic and important markets, and we’re excited to establish our regional headquarters at Preston Center,” said Brian Enzler, Fifth Third North Texas Region President. “The Dallas metro area will be one of five major employment hubs for the new Fifth Third with a broad mix of teams represented. While Preston Center will be our regional headquarters, we expect to maintain multiple office sites across Dallas, reflecting a mix of city-center and urban locations. This long-term investment will bring teams together in a location that’s accessible across the Dallas metroplex, strengthening collaboration, and positioning us to continue growing with Dallas for years to come.”
Fifth Third’s merger with Comerica created the ninth largest bank in the country with about $294 billion in assets, according to a February press release.
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