DALLAS, July 13, 2015 /PRNewswire/ -- Comerica
Incorporated (NYSE: CMA) today announced that J. Patrick Faubion, Executive Vice President,
has been named head of the banking company's Business Bank,
effective Tuesday, July 14, 2015.
Faubion, a 31-year veteran of Comerica and its Texas Market
President, succeeds Lars C.
Anderson, Vice Chairman, who is resigning to pursue other
opportunities. Faubion will report to Curtis C. Farmer, President of Comerica
Incorporated and Comerica Bank, and will become a member of
Comerica's Management Executive Committee.
In addition to his new responsibilities, Faubion will maintain
his current responsibilities, which include overseeing Comerica's
Texas Market, with direct responsibility for General Middle
Market banking in Texas and
Comerica's Energy business, as well as market activities
in Arizona and Florida.
Faubion joined Comerica in 1984 and has held various management
positions in commercial lending and credit management.
"Pat has been an invaluable member of Comerica's management team
and has overseen the growth of our Texas market since 2010," said Ralph W. Babb Jr., chairman and chief executive
officer, Comerica Incorporated and Comerica Bank. "His experience
and expertise as a commercial banker for nearly four decades,
combined with his tremendous leadership skills, make him ideally
suited to direct our Business Bank."
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