Comerica Incorporated (CMA)

50.66 +0.84 (+1.69%) At close: 04:00PM EDT

Comerica Incorporated

Comerica Bank Tower
1717 Main Street
Dallas, TX 75201-6404
United States
833-571-0486
https://www.comerica.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 7,619

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Curtis Chatman Farmer	Chairman, CEO & President	2.32M	N/A	1963
Mr. James J. Herzog	CFO & Senior EVP	1.18M	N/A	1963
Ms. Megan D. Crespi	Senior EVP & COO	1.01M	N/A	1975
Ms. Megan D. Burkhart	Senior Executive VP and Chief Administrative & Human Resources Officer	987.04k	N/A	1972
Mr. Peter L. Sefzik	Senior EVP & Chief Banking Officer	1.1M	N/A	1976
Mr. Mauricio A. Ortiz	Executive VP, Chief Accounting Officer & Controller	N/A	N/A	1979
Bruce Mitchell	Executive VP & Chief Information Officer	N/A	N/A	1973
Ms. Kelly Gage	Senior VP & Director of Investor Relations	N/A	N/A	N/A
Mr. Von E. Hays	Senior Executive VP, Chief Legal Officer & General Counsel	N/A	N/A	1973
Ms. Kristina Janssens	Senior VP & Chief Compliance Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination; and various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers products and services comprising financial planning, trust and fiduciary services, investment management and advisory, brokerage, private banking, and business transition planning services for affluents, high-net worth and ultra-high-net-worth individuals and families, business owners, and executives, and institutional clients. The Finance segment comprises securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, and Florida, the United States; and Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

Corporate governance

Comerica Incorporated’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 6; Board: 7; Shareholder rights: 2; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.