April 16, 2014 4:02 AM ET

Banks

Company Overview of Comerica Bank

Company Overview

Comerica Bank, through its subsidiaries, provides banking, securities, and insurance products and services. It offers personal banking services, such as loans and credit cards, investing, insurance, checking, savings and money market, and CDs. The company also provides services for small businesses, such as small business banking, loans and lines of credit, cash management, and business services. In addition, it offers corporate banking services, including lending, leasing and banking, treasury management, global, institutional, and retirement plan services; and wealth management services, such as wealth planning, private banking, trust services, investments, and insurance services. Further,...

1717 Main Street

Comerica Bank Tower

Dallas, TX 75201

United States

Founded in 1849

Phone:

800-925-2160

Key Executives for Comerica Bank

Chairman
Age: 64
Manager of Central & West Michigan Markets and President of Lansing Region
Arizona Market President and Arizona Regional Manager
Southern California Regional President
President of Comerica Bank Operations - Arizona
Age: 68
Compensation as of Fiscal Year 2013.

Comerica Bank Key Developments

Montana Court Affirms $52 Million Verdict Against Comerica Bank

A Montana court has affirmed a jury verdict that had found Comerica Bank (CMA) responsible for putting one of its commercial clients out of business. A Silver Bow County District Court judge agreed with a jury's ruling that Comerica violated terms of its contract with Masters Group International, an office supply manufacturer based in Butte, Mont., and must pay Masters Group $52 million in damages. The Masters Group lawsuit claimed that in 2008 Comerica breached a contract agreement to delay the collection of a $10.5 million line of credit. The Butte jury concurred with that claim, and also found Comerica misrepresented its ability to use federal bailout money to help the distressed borrower, and seized its bank accounts without notice or need. By affirming the decision the judge denied Comerica's appeal to reverse the January 2014 verdict. Comerica, however, has already filed another appeal to contest the judge's decision in the Montana Supreme Court. Comerica will pay Masters $52 million of which: $41.5 million in compensatory damages and $10.5 million in punitive damages for its alleged conduct.

Comerica Bank Announces Management Changes, Effective March 2014

Comerica Bank announced that Angela Mastrofrancesco will become president of its Florida market, effective with the March 2014 retirement of Joe Davio. Mastrofrancesco currently serves as senior vice president and Florida East Coast Regional Manager, Wealth Management, a position she has held since 2011. She will now serve as Florida Regional Manager, Wealth Management, reporting to Peter Sefzik, Regional Managing Director for the Wealth Management team in Texas, Arizona and Florida. In her role as President of Comerica's Florida market, Mastrofrancesco will report to Pat Faubion, President of Comerica Bank's Texas market.

Comerica Bank Appoints David Bockholt as Senior Vice President in Middle Market Banking

Comerica Bank announced that it has appointed David Bockholt as a senior vice president in middle market banking at its Brookhollow Central location.

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February 12, 2014
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