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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)
09/12/201616:24:26Current Report Filing (8-k)
09/01/201613:55:00Comerica to Participate in the Barclays Global Financial Services...
08/31/201613:30:00Comerica Bank's Texas Index Dips
08/31/201612:30:00Comerica Bank's California Index Gains Momentum
08/31/201612:00:00Comerica Bank's Michigan Index Climbs
08/29/201616:25:50Statement of Changes in Beneficial Ownership (4)
08/23/201616:45:00Comerica Quarterly Earnings And Conference Call October 18
08/02/201617:10:29Statement of Changes in Beneficial Ownership (4)
08/01/201616:33:35Quarterly Report (10-q)
07/28/201616:43:23Statement of Changes in Beneficial Ownership (4)
07/28/201616:41:41Statement of Changes in Beneficial Ownership (4)
07/28/201616:40:23Statement of Changes in Beneficial Ownership (4)
07/28/201616:39:05Statement of Changes in Beneficial Ownership (4)
07/28/201616:37:48Statement of Changes in Beneficial Ownership (4)
07/28/201616:36:33Statement of Changes in Beneficial Ownership (4)
07/28/201616:34:44Statement of Changes in Beneficial Ownership (4)
07/28/201616:32:31Statement of Changes in Beneficial Ownership (4)
07/28/201616:31:43Amended Current Report Filing (8-k/a)
07/28/201616:30:51Statement of Changes in Beneficial Ownership (4)
07/27/201616:20:45Current Report Filing (8-k)

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