AUSTIN, Texas/Feb. 11, 2002 -- Comerica Bank, a subsidiary of Comerica Incorporated (NYSE:CMA, news, msgs), announced today that Paul Gerling has joined the Austin Technology and Life Sciences Division as a vice president. In that capacity, he is responsible for generating new relationships with early- and late-stage technology companies.
"We are delighted to have someone with Paul's talents and extensive relationships join the Comerica team," said Tony Schell, senior vice president and managing director of the Technology and Life Sciences Division's Texas Region. "His experience in the venture capital world will prove beneficial to our customers."
Gerling brings to Comerica a strong institutional finance background and an understanding of capital markets as well as experience in financing technology companies. He most recently was a partner with Sagebrook Technology Partners, focusing on portfolio management and organizational development for the venture capitalist's Austin office. Gerling previously opened the Texas office of Greyrock Capital, where he served as vice president and director, and he spent the first seven years of his career in banking, as a vice president of technology lending at Bank One, Texas and as an analyst at First City, Texas.
Gerling has a bachelor of business administration degree from the University of Texas and an MBA from St. Edward's University.
About Comerica's Technology and Life Sciences Division
Comerica Bank's Technology and Life Sciences Division, which was created when Comerica Incorporated acquired Imperial Bancorp in early 2001, 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 in the computer products, Internet services, telecommunications, life sciences and e-commerce industries. From 18 offices located across the U.S., Comerica's Technology and Life Sciences Division serves all major technology centers. Comerica Incorporated is the 17th largest bank holding company in the nation, with $51 billion in assets.
Media Contacts:
Pacifico (for Comerica Bank)
Adrienne Moch, 408/293-8600 ext. 319
amoch@pacifico.com
or
Comerica Bank
Keith Turner, 408/556-5111
keith_turner@comerica.com
