Comerica Stock Price, News & Analysis

Comerica Bank has established a new South Dallas Business Banking Team to enhance financial services in the region. Led by Derric Hicks, the team includes Trent Sampson, Jerry Collazo, and Adriana Najera, who will focus on providing access to capital for underserved entrepreneurs and small businesses. With a commitment to fostering community relationships, the team aims to bridge the financial gap in Dallas. Comerica reported total assets of $86.9 billion as of June 30, 2022, and operates in multiple states including Texas, Arizona, California, Florida, and Michigan.

Comerica (NYSE: CMA) announced its plans for a new Business & Innovation Hub in Frisco, Texas, set to open between late 2023 and early 2024. This hub will be located in a new office tower at The Star and will accommodate around 300 employees across various teams. The development emphasizes collaboration and enhanced technology, including an innovation center. This strategic expansion aims to better meet customer needs and attract top talent while complementing the existing headquarters in Dallas. Total assets reported as of June 30, 2022, stood at $86.9 billion.

Comerica Bank and the Detroit Lions are set to surpass $100,000 in total community support through the Comerica Bank Lions First Down Program during the 2022 NFL season. Each Lions first down at Ford Field earns $100 for local nonprofits, marking the 1,000th first down contribution since the program's inception. This season features 10 organizations receiving support, with a total of $89,900 having been contributed since 2017. The initiative emphasizes community impact and long-lasting partnerships.

Comerica Incorporated (NYSE: CMA) has appointed Von E. Hays as Executive Vice President and Chief Legal Officer – General Counsel, effective August 26, 2022. Hays, who was serving as interim Chief Legal Officer since May 2022, has a rich background of over 15 years with Comerica and extensive experience in private practice. He will report to Curt Farmer, the company's Chairman and CEO. Comerica operates in several states and reported total assets of $86.9 billion as of June 30, 2022.

Comerica Incorporated (NYSE: CMA) announced the appointment of Kelly Gage as Senior Vice President, Director of Investor Relations, effective Sept. 1, 2022. She succeeds Darlene Persons, who will retire on April 1, 2023. Gage, a long-time employee, has extensive knowledge of the company and its strategy, and she will focus on articulating Comerica's value proposition to investors. Comerica reported total assets of $86.9 billion as of June 30, 2022.

Comerica (NYSE: CMA) will participate in the Barclays Global Financial Services Conference on Sept. 13, 2022, at 11 a.m. CT. Key executives including CEO Curt Farmer and CFO Jim Herzog will represent the company. Additionally, the third quarter 2022 earnings call is scheduled for Oct. 19, 2022, at 7 a.m. CT, with details available on the Investor Relations website. The company, based in Dallas, Texas, operates across several states and offers a range of financial services through its Commercial Bank, Retail Bank, and Wealth Management segments.

Comerica Incorporated (NYSE: CMA) has appointed Joe Ursuy as Executive Vice President for National Businesses focused on Energy, Renewables, and Waste. Reporting to Mike Ritchie, he will handle large relationships in recycling, renewable energy, and waste sectors. The Environmental Services Department, which Ursuy founded, has seen a 42% increase in green loans, totaling $2 billion as of June 30, 2022. Ursuy, a veteran with 24 years in financial services, holds degrees in economics and an MBA, emphasizing Comerica's commitment to sustainability and industry leadership.

Comerica Incorporated (NYSE: CMA) has appointed Linda Nosegbe as the new Vice President, National Community Impact Manager, reporting to Irvin Ashford Jr., Chief Community Officer. Nosegbe will lead initiatives focused on community impact investments, including support for Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). In 2021, Comerica originated over 700 community loans totaling more than $2.5 billion aimed at affordable housing and economic development. With nearly 25 years in banking, Nosegbe has significant experience in community initiatives.