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Comerica Hires Parkhill From JP Morgan To Be Next CFO

DOW JONES NEWSWIRES Comerica Inc. (CMA) said it hired J.P. Mogran Chase & Co. (JPM) executive Karen L. Parkhill to replace Elizabeth S. Acton as chief financial officer of the Dallas-based bank later this year. Parkhill, 45, also will be vice chairman of Comerica. She most recently served as the CFO of J.P. Mogran's commercial banking business, a position she has held since 2007. Acton, 60, plans to retire in April. Comerica said that initially, Parkhill will assume administrative responsibilities for Comerica's service company, including corporate planning and development and corporate compliance and financial intelligence. Comerica expects to name her as CFO when it files its fiscal third-quarter results with the Securities and Exchange Commission. The company hasn't outlined a release date for that filing, but it is likely to come sometime in October based on past filings. Comerica is closing a $780.6 million acquisition of Sterling Bancshares Inc. (SBIB), part of its strategy to shift its focus from the Midwest to the much stronger Texas economy. Shares were down 0.4 at $32.53 after hours. Through the close, the stock has fallen 23% so far this year, while the wider market has gained. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Comerica (CMA)
DateTimeHeadline
07/27/201612:01:00Comerica Bank's Michigan Index Dipped as Auto Production Eased
07/27/201611:02:00Comerica Bank's California Index Improves
07/26/201611:47:00Comerica Declares Dividend Increase of 4.5 Percent
07/19/201614:24:00Comerica to Cut Workforce, Close Locations -- Update
07/19/201608:50:00Comerica to Cut Workforce, Close Locations
07/19/201606:47:04Current Report Filing (8-k)
07/19/201606:40:00Comerica Reports Second Quarter 2016 Financial Results
07/14/201615:22:00Comerica Releases Sustainability Progress Report
07/08/201611:39:58Statement of Changes in Beneficial Ownership (4)
07/08/201611:37:48Statement of Changes in Beneficial Ownership (4)
07/08/201611:36:25Statement of Changes in Beneficial Ownership (4)
07/01/201612:05:00Comerica Bank's California Index Sees Spring Uptick
07/01/201611:15:00Comerica Bank's Texas Index Increases for First Time Since September...
07/01/201610:35:00Comerica Bank's Michigan Index Ticks Up
06/29/201617:12:44Current Report Filing (8-k)
06/29/201617:08:00Comerica Announces Results Of Federal Reserve's Review Of 2016...
06/28/201613:28:00Comerica Recognized as One of the Most Community-Minded Companies...
06/23/201617:16:10Annual Report of Employee Stock Plans (11-k)
06/23/201617:10:57Current Report Filing (8-k)
06/23/201617:07:00Comerica Reports 2016 Company-Run Stress Test Results

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