Comerica to seek transfer; Transit Co meeting

Summary#

• This Gazette page carries two short notices. One announces the annual meeting of The Canadian Transit Company for shareholders to elect directors. The other says Comerica Bank plans to apply for approval to transfer its Canadian liabilities to Fifth Third Bank, National Association, if the required regulatory approval is granted.

What it does#

• Announces that the annual meeting of The Canadian Transit Company will be held at the offices of the Detroit International Bridge Company, 12225 Stephens Road, Warren, Michigan, on November 10 at 3:00 p.m., for election of directors and routine shareholder business.
• Gives public notice that Comerica Bank intends to apply under the Bank Act (Canada) to the Minister of Finance (Canada) on or after December 20, 2025, asking permission to transfer all or most of its Canadian liabilities to Fifth Third Bank, National Association. If approved and the merger closes, Comerica’s Canadian assets and liabilities would become those of Fifth Third.
• Explains that objections to the proposed transfer can be sent in writing to the Office of the Superintendent of Financial Institutions (Canada). The notice also says the application may or may not be approved.

Who's affected#

• Shareholders and potential directors of The Canadian Transit Company — they are the people directly involved in the meeting.
• Customers, creditors, depositors, counterparties, and other business contacts of Comerica Bank in Canada — these are the people and organizations whose accounts, claims, or obligations could move to Fifth Third Bank, National Association if the transfer is approved.
• Regulators and anyone who wants to submit an objection to the transfer — the notice gives the procedure and office to contact.

Why it matters#

• The annual meeting is a routine corporate governance event; shareholders decide who runs the company.
• The Comerica notice matters because, if approved, it would change which bank holds Comerica’s Canadian liabilities. That can affect who manages accounts, who creditors pursue, and which bank’s policies and systems will apply. The decision is not final — regulatory approval and closing conditions are still required, and the public can submit objections.