DALLAS, April 29, 2015 /PRNewswire/ -- Comerica
Incorporated (NYSE: CMA) today announced that Curtis C. Farmer has been named President of
Comerica Incorporated and Comerica Bank. In his new role, Farmer
will maintain leadership responsibility for the Retail Bank and
Wealth Management, and additionally will oversee the Business Bank.
He will continue reporting to Ralph W.
Babb, Jr., chairman and chief executive officer.
"Curt's leadership of the Retail Bank and Wealth Management has
been invaluable. Since joining the bank, he has made significant
contributions to the company through a challenging economic
environment and a period of rapid change in the financial services
industry," said Babb. "I look forward to working with Curt in the
years to come as we build upon Comerica's successes and continue to
serve our customers through our distinctive approach to
relationship banking."
Farmer, 52, came to Comerica as Executive Vice President of
Wealth Management in October 2008. In
August 2010, Comerica announced it
would be combining the Retail Bank and Wealth Management leadership
structure and that it would be led by Farmer. He assumed this
heightened role in January 2011, and
was named Vice Chairman of Comerica's Retail Bank and Wealth
Management in April 2011.
Prior to joining Comerica, Farmer served as Executive Vice
President and Wealth Management Director of Wachovia Corporation
from October 2005 to October 2008. During his 23 years of service to
Wachovia, he held a variety of positions of increasing scope and
responsibility.
Comerica Incorporated is a financial services company
headquartered in Dallas, Texas,
and strategically aligned by three business segments: The Business
Bank, The Retail Bank, and Wealth Management. Comerica focuses on
relationships, and helping people and businesses be successful. In
addition to Texas, Comerica Bank
locations can be found in Arizona,
California, Florida and Michigan, with select businesses operating in
several other states, as well as in Canada and Mexico. Comerica reported total assets of
$69.3 billion at March 31, 2015.
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SOURCE Comerica Incorporated