Ritchie named new Executive Vice President,
Head of National and Specialty Businesses; Davis named Michigan
Market President
DETROIT, Aug. 11,
2022 /PRNewswire/ -- Comerica Bank announced
today the promotion of two Michigan market senior leaders into expanded
roles. Mike Ritchie,
currently Comerica's Michigan Market President, has been named as
the newly-established Executive Vice President, Head of National
and Specialty Businesses. Steve
Davis, who currently serves as Senior Vice President,
Middle Market Banking, will succeed Ritchie as the new Michigan
Market President.
Together, Ritchie and Davis provide over 60 years of experience
supporting Comerica's customers and impacting the communities that
the bank serves. Both will continue to operate from the Comerica
Bank Center in downtown Detroit.
"Mike's contributions to our commercial division and success in
leading our Michigan market
operations since 2013 offers us a valuable resource to strengthen
and grow our relationships in Michigan and in our overall footprint that
includes expanding markets," said Peter
Sefzik, Comerica Bank Executive Director, Commercial Bank.
"His knowledge and expertise will not only support our existing
customers, but he will be critical in developing new relationships
across our portfolio of national and specialty industries."
Davis will oversee Comerica's business and community engagement
throughout Michigan in addition to
his role in providing leadership for Middle Market and Business
Banking teams.
"From the more than 80 cities we operate in Michigan to the 4,500 colleagues who live and
work throughout the state, we are proud to serve Michigan as we have for 173 years," said
Sefzik. "We see significant opportunities ahead that will
positively impact our customers, colleagues, and communities.
Steve's experience and understanding of the market will enable us
to continue improving how we build relationships and support the
Michigan market."
Mike Ritchie
Ritchie
joined Comerica in 1991, became a member of the Michigan Senior
Leadership Team in 2008, and was named President of the Michigan
Market in 2013. In addition to that role, he also directly managed
Michigan's Middle Market Banking
and Business Banking Divisions as well as the bank's Environmental
Services and Leasing divisions nationally.
During his 31-year career with Comerica, Ritchie has held a
variety of roles focusing on small and mid-size companies. He has
also had prior responsibilities for the Bank's Captive Insurance,
Health Care, Financial Institutions, Municipalities and Corporate
Finance divisions. Richie also oversaw Comerica's recent southeast
expansion effort.
Steve Davis
Davis has
30 years of experience in the financial services industry after
joining Comerica in 1992 as a credit analyst. Since that time, he
has held various lending and management positions of increasing
responsibility and scope. Most recently, Davis served as Director,
Middle Market Banking and President of Comerica Leasing Corporation
overseeing a multibillion-dollar commitment portfolio.
Additionally, Davis has served on the Michigan Senior Leadership
Team since 2016 and has been a member of Comerica's Sustainability
Finance Council since its inception. Among Davis' many business and
community affiliations, he currently serves as a board member of
the Michigan Chamber of Commerce
and the CATCH Board of Trustees. He is a member of the Detroit
Economic Club. Davis has also served as a member of Loyola High
School board of directors and as a board member of Cass Community Social Services.
Comerica Bank, a subsidiary of Comerica Incorporated, has served
Michigan longer than any other
bank with a continuous presence dating back 173 years to its
Detroit founding in 1849. It is
the largest bank employer in metro Detroit and has more than 4,500 employees
(FTE) statewide. With one of the largest banking center networks in
Michigan, Comerica nurtures
lifelong relationships with unwavering integrity and financial
prudence. Comerica positively impacts the lives of Michigan residents by helping customers be
successful, providing financial support that assists hundreds of
charitable organizations, and actively participating in
Detroit's downtown revitalization.
Comerica Incorporated (NYSE: CMA) is a financial services company
strategically aligned by three business segments: The Commercial
Bank, The Retail Bank, and Wealth Management. Follow on Facebook:
www.facebook.com/Comerica, Twitter: @ComericaBank and Instagram:
@comerica_bank. Download new Comerica Bank corporate logo.
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SOURCE Comerica Incorporated