PALO ALTO, Calif./June 4, 2003 -- Comerica (NYSE: CMA), a leading financial services company, announced today that veteran banker Greg Belanger, executive vice president, has been appointed officer in charge of the bank's national Technology and Life Sciences Division. Belanger succeeds Susan Gill, who left Comerica for personal reasons.
"Greg's wide-ranging banking background, including his years of technology banking experience, convinced us that he is extremely well-suited for this considerable responsibility," said J. Michael Fulton, president and CEO, Comerica Bank-California. "We are committed to our technology practice, and under Greg's leadership, this talented team will continue to grow its presence throughout the U.S., offering technology companies the unique combination of market expertise and full-service banking."
Belanger joined Comerica in 1986 as vice president of strategic planning. During his tenure with Comerica, he has managed corporate banking activities in Northern California as well as the Treasury Management, Private Banking, Small Business Lending and U.S. Small Business Administration departments. Belanger was the division executive responsible for Comerica's High Technology lending efforts from 1997 until the acquisition of Imperial Bank in 2001.
A Bay Area native, Belanger began his banking career at Bank of America in various commercial lending positions. He received his MBA from Santa Clara University and his bachelor's degree from San Jose State University. Belanger is active in the community, serving as CFO of the San Jose Museum of Art and a director of Junior Achievement of Santa Clara County.
"I am excited to have the opportunity to lead our technology practice, which is populated with talented officers who provide quality service to their portfolio companies," Belanger said. "It's no secret that the technology sector has been significantly affected by the cool economic climate, but Comerica continues to support innovation and the entrepreneurial spirit that will sustain our country through our active Technology and Life Sciences vision."
About Comerica's Technology and Life Sciences Division
Comerica's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. From 18 offices located across the U.S., Comerica's Technology and Life Sciences Division serves all major technology centers. Comerica is among the 20 largest banking companies in the nation, with nearly $56 billion in assets as of March 31, 2003.
Media Contacts:
Keith Turner
Comerica Bank-California
(408) 556-5111
keith_turner@comerica.com
or
Adrienne Moch
Pacifico
(408) 293-8600, ext.319
amoch@pacifico.com
