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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
04/20/201513:31:19Comerica Price Target Cut to $52.00 by Analysts at JPMorgan Chase...
04/20/201513:10:29Comerica Given New $50.00 Price Target at RBC Capital (CMA)
04/20/201505:24:20FBR & Co. Raises Comerica Price Target to $48.00 (CMA)
04/17/201506:49:13Current Report Filing (8-k)
04/17/201506:40:00Comerica Reports First Quarter 2015 Net Income Of $134 Million...
04/13/201519:26:02Statement of Changes in Beneficial Ownership (4)
04/13/201519:24:35Statement of Changes in Beneficial Ownership (4)
04/13/201519:22:55Statement of Changes in Beneficial Ownership (4)
04/13/201519:14:21Statement of Changes in Beneficial Ownership (4)
04/12/201509:18:08MARKET SNAPSHOT: B. Of A. Results Crucial To Financial Sector...
04/03/201516:30:26Statement of Changes in Beneficial Ownership (4)
04/03/201516:08:43Statement of Changes in Beneficial Ownership (4)
04/03/201516:06:31Statement of Changes in Beneficial Ownership (4)
04/03/201515:58:45Statement of Changes in Beneficial Ownership (4)
04/02/201509:00:00Comerica Bank's Michigan Index Shows Third Consecutive Increase
04/01/201512:00:00Texas Feels the Drag from Lower Oil Prices
04/01/201510:00:00Comerica Bank's California Index Marks 10th Month of Growth
03/19/201518:02:00Comerica Bank Honored With 14 National & Regional Awards for...
03/18/201521:29:54Oil: Dallas Sellers Club
03/17/201508:16:37Additional Proxy Soliciting Materials (definitive) (defa14a)

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