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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)
10/02/201514:00:00Comerica Bank's California Index Sees First Decline Since March
10/02/201512:00:00Comerica Bank's Michigan Index Still Strong on Autos
10/02/201510:00:00Comerica Bank's Texas Index Continues to See Lighter Declines
09/23/201508:19:00Comerica's Robert A. Dye Wins Prestigious Lawrence R. Klein Award
09/17/201515:30:49Statement of Changes in Beneficial Ownership (4)
09/14/201517:10:34Current Report Filing (8-k)
09/11/201516:28:51Initial Statement of Beneficial Ownership (3)
09/09/201516:42:37Initial Statement of Beneficial Ownership (3)
09/08/201511:08:00Comerica to Participate in the Barclays Global Financial Services...
09/04/201518:43:00Two Fort Worth Nonprofits Awarded $22K in Grants to Support Housing...
09/02/201510:03:00Peter L. Sefzik Named Comerica's Texas Market President
09/01/201509:10:00Comerica Quarterly Earnings And Conference Call October 16
08/31/201516:07:21Current Report Filing (8-k)
08/31/201512:00:00John D. Buchanan Named Comerica's Executive Vice President, Legal...
08/26/201514:00:00Comerica Bank's Texas Index Sees Smallest Decline of 2015
08/26/201512:00:00Comerica Bank's California Index Sees Third Consecutive Gain
08/26/201510:00:00Comerica Bank's Michigan Index Continues Strong Gains for Third...
08/11/201513:18:00Comerica Bank and RocketSpace Present: The 2015 Wearable FinTech...
07/30/201517:23:28Statement of Changes in Beneficial Ownership (4)
07/30/201517:22:37Statement of Changes in Beneficial Ownership (4)

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