Comerica Announces Results from Annual Shareholders' Meeting

Rhea-AI Summary

Comerica shareholders approved three key proposals at their annual meeting, including the election of eleven directors to the Board for one-year terms. The meeting also resulted in the ratification of Ernst & Young as their independent registered public accounting firm and approval of executive compensation through a non-binding advisory vote.

As a major financial services company headquartered in Dallas, Texas, Comerica operates through three segments: Commercial Bank, Retail Bank, and Wealth Management. With total assets of $77.6 billion as of March 31, 2025, Comerica ranks among the 25 largest U.S. commercial financial holding companies. The bank maintains a strong presence across 15 states, serving 13 of the largest U.S. metropolitan areas, with banking centers in Arizona, California, Florida, Michigan, and Texas, plus operations in Canada and Mexico.

Positive

• Total assets of $77.6 billion as of March 31, 2025
• Broad geographic presence across 15 states and 13 of the 15 largest U.S. metropolitan areas
• Market expansion into Southeast (North Carolina) and Mountain West (Colorado)
• International presence in Canada and Mexico
• Shareholders approved executive compensation plan
• Ernst & Young LLP ratified as independent auditor

Negative

• None.

DALLAS, April 29, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the results of three proposals at today's annual meeting of shareholders.

Comerica Incorporated shareholders elected the following directors to the Board of Directors for one-year terms:

Arthur G. Angulo	Derek J. Kerr	Robert S. Taubman
Roger A. Cregg	Richard G. Lindner	Nina G. Vaca
Curtis C. Farmer	Jennifer H. Sampson	Michael G. Van de Ven
M. Alan Gardner	Barbara R. Smith

Full biographies and company affiliations for all directors can be found in the 2025 Proxy Statement.

Additionally, shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm and approved a non-binding, advisory proposal approving executive compensation.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.6 billion at March 31, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, X, Instagram and LinkedIn.

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SOURCE Comerica Incorporated

FAQ

Who are the newly elected board members at Comerica (CMA) for 2025?

Comerica shareholders elected 11 directors to the Board for one-year terms, including Arthur G. Angulo, Derek J. Kerr, Robert S. Taubman, Roger A. Cregg, Richard G. Lindner, Nina G. Vaca, Curtis C. Farmer, Jennifer H. Sampson, Michael G. Van de Ven, M. Alan Gardner, and Barbara R. Smith.

What key proposals were approved at Comerica's 2025 shareholder meeting?

Three key proposals were approved: election of board directors, ratification of Ernst & Young LLP as independent auditor, and approval of a non-binding advisory proposal on executive compensation.

How many states does Comerica (CMA) operate in as of 2025?

Comerica operates in 15 states, with banking centers in Arizona, California, Florida, Michigan, and Texas, plus a Southeast Market in North Carolina and Mountain West Market in Colorado.

What is Comerica's (CMA) total asset value as of March 2025?

Comerica reported total assets of $77.6 billion as of March 31, 2025.

Which major U.S. metropolitan areas does Comerica (CMA) serve?

Comerica services 13 of the 15 largest U.S. metropolitan areas, and also has operations in Canada and Mexico.