Fed Approves Proposal By Comerica To Acquire Sterling Bancshares
July 13 2011 - 4:44PM
Dow Jones News
The Federal Reserve has approved a proposal by Comerica Inc.
(CMA) to acquire a Houston bank.
The Fed order that was announced Wednesday approved the proposed
acquisition by Comerica of Sterling Bancshares Inc. (SBIB).
Comerica's assets totals $55.2 billion. It has banks in Arizona,
California, Florida, Michigan and Texas. It is based in Dallas.
Sterling has assets of $5.1 billion. Its subsidiary, Sterling
Bank, operates in Texas.
-By Jeff Bater, Dow Jones Newswires; 202 862 9249; jeff.bater@dowjones.com
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