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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;

Stock News for Comerica (CMA)
10/27/201614:04:00Comerica Bank's Texas Index Moves Sideways
10/27/201613:03:00Comerica Bank's Michigan Index Sees Slight Decline
10/27/201612:04:00Comerica Bank's California Index Strengthens
10/25/201616:17:46Statement of Changes in Beneficial Ownership (4)
10/24/201617:45:43Statement of Changes in Beneficial Ownership (4)
10/24/201615:20:00CIT Group Hired Boston Consulting to Review Its Operations
10/20/201616:46:56Current Report Filing (8-k)
10/20/201616:43:00Comerica Reports 2016 Mid-Year Company-Run Stress Test Results
10/18/201614:46:00Comerica Profit Grows on Cost Cuts, Smaller Loan Provisions...
10/18/201610:20:00Comerica Says Cost Savings Higher Than Expected
10/18/201609:42:00Comerica Says Cost Savings Higher Than Expected
10/18/201606:49:51Current Report Filing (8-k)
10/18/201606:45:00Comerica Reports Third Quarter 2016 Net Income Of $149 Million
10/13/201610:50:00Will Business Spending Spoil Bank Earnings Season?
10/12/201611:03:00Comerica Bank & Iron Mountain Host Third Annual 'Shred Day Phoenix...
10/07/201616:48:21Statement of Changes in Beneficial Ownership (4)
10/07/201616:46:07Statement of Changes in Beneficial Ownership (4)
10/07/201616:41:36Statement of Changes in Beneficial Ownership (4)
10/05/201616:42:50Initial Statement of Beneficial Ownership (3)
09/28/201617:00:00Comerica Bank's California Index Ticking Up

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