2,4‐Diaryl‐2,3‐dihydro‐1H‐1,5‐benzodiazepines readily undergo a ring contraction to generate 2‐aryl‐1‐styrylbenzimidazoles in the presence of some Lewis acids. Copper acetate shows high efficiency compared with other Lewis acids. The ring contraction includes Lewis acid‐catalyzed intramolecular addition, ammonium‐induced ring‐opening of the generated four‐membered azetidine ring, deprotonation, and amine‐promoted nucleophilic styryl 1,2‐shift and elimination. Copper acetate serves as Lewis acid, base, and oxidant. The current reaction provides an efficient method for the convenient synthesis of 2‐aryl‐1‐styrylbenzimidazole derivatives from readily available 2,4‐diaryl‐2,3‐dihydro‐1H‐1,5‐benzodiazepines.