News Releases

Comerica Names Derek Schofield Senior Vice President, Group Manager of Los Angeles South Middle Market Banking

DALLAS, November 6, 2023Comerica Incorporated (NYSE:CMA) announced that Derek Schofield has been named Senior Vice President, Group Manager of the Los Angeles South Middle Market Banking Group based in Long Beach, California. He will report to Cynthia Jordan, Senior Vice President, Director of Middle Market and Business Banking for Los Angeles Market.

In the role, Schofield will lead a team to provide comprehensive financial solutions to Commercial clients and cover Los Angeles-based financial sponsors.

“Derek’s experience and knowledge of the Southern California market makes him an ideal fit for our team,” said Jordan. “His expertise and team-first approach complements what we are doing in the market and will ultimately allow us to deliver on meeting the growing needs of our clients.”  

Schofield, a commercial banker with 17 years of experience, joins Comerica after serving as Executive Director in JPMorgan Chase’s Middle Market Banking & Specialized Industries Group in Los Angeles. Responsibilities included Upper Middle Market client coverage and managing a team of Associate Bankers.

Prior to joining JPMorgan Chase, Schofield spent 10 years at Wells Fargo where he held various roles across the bank in Asset Based Lending, Middle Market Banking, and Corporate Banking’s Technology, Media and Telecom Group.

Schofield holds a Bachelor of Science degree in Financial Services Management from Johnson & Wales University and a Master of Business Administration degree in Finance from Pepperdine University.

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded 174 years ago in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $85.7 billion as of Sept. 30, 2023. Learn more about how Comerica is raising expectations of what a bank can be by visiting, and follow us on FacebookX (formerly Twitter), Instagram and LinkedIn.