SAN JOSE, Calif./ April 25, 2005 -- Comerica Bank today announced that David White, regional president for Southern California, has assumed additional responsibilities in the bank’s Western Division.
In making the announcement, J. Michael Fulton, president and chief executive officer of Comerica Bank’s Western Division, said White will be responsible for the bank’s positioning and growth throughout Southern California.
"Comerica has many businesses throughout Southern California," said Fulton. "I have asked David to ensure that we have a comprehensive and formidable plan for the expected strong growth of all these businesses throughout Southern California."
The Detroit-based bank is continuing a business expansion in California begun last year, including the addition of 10 new branch locations (seven in Southern California): three in Los Angeles County, two in Orange County, one in Ontario and one in San Diego. The bank plans to open a similar number of branches this year, expanding on its current base of 50.
Fulton said White, a 34-year veteran with the nation’s 20th largest financial services company, also will have direct responsibilities for the growing Arizona region, for Middle Market Banking statewide, and for the bank’s national Entertainment Group.
White will be relocating his primary office from Costa Mesa in Orange County to Los Angeles, which will become the bank’s new Southern California headquarters, said Fulton. White will continue to report directly to Fulton and will alternate as chair of the bank’s Department Loan Committee.
Fulton said he expects White to lead the expected strong growth of Comerica’s banking services in Southern California including: Middle Market Banking, the Entertainment Group, Commercial Real Estate, Dealer Commercial lending, Financial Services, Foreign Exchange, Global Banking, Leasing, Merchant Services, Residential Real Estate, Retail Banking, Small Business Banking, Technology & Life Sciences, and Wealth & Institutional Management.
White has been a Comerica executive in California since 1996 and is a former president of Comerica Bank-Illinois. The Michigan native holds a bachelor’s degree in accounting and an MBA in finance from Western Michigan University.
He lives in Orange County, and is a member of the board of directors of Junior Achievement of Southern California and an Executive Fellow at Chapman University.
About Comerica Bank
The Western Division of Comerica Bank includes 50 branch offices in key California markets, including San Francisco and the Peninsula, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, Santa Cruz /Monterey, and Walnut Creek, with a regional office in Phoenix, Ariz. In 2004, the bank’s Western market generated 31 percent of the net income for Comerica Incorporated, on nearly $13 billion in assets.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit, strategically aligned into the Business Bank, Small Business & Personal Financial Services, and Wealth & Institutional Management. Comerica focuses on relationships, and helping businesses and people be successful. Comerica Inc. reported total assets of $51.8 billion at Dec. 31, 2004.
