DALLAS, August 15, 2022 /PRNewswire/ — Comerica Incorporated (NYSE: CMA ) announced that Corey Bailey, The Executive Vice President, Risk Management and Credit Decision, has been appointed to the new role of Executive Vice President, Head of Middle Market and Business Banking. Bailey will report to Peter SefzikExecutive Vice President, Commercial Bank.
Bailey’s new role is part of Comerica’s restructuring within its Commercial Bank, which will have two divisions focused on 1) Middle Market and Business Banking and 2) National and Specialty Businesses. This was announced recently by Comerica Mike Ritchie will serve as Executive Vice President, Head of National and Specialty Businesses. These added leadership roles serve to enhance go-to-market strategies as Comerica focuses on investments in commercial lending businesses and recent expansions in North Carolina AND Colorado.
“The added roles and restructuring within Merchant Bank allow us to enhance our approach to relationship banking, while accelerating new opportunities to strengthen the future of our organization,” said Sefzik. “The addition of Corey to the Commercial Banking division with his extensive knowledge of Comerica and its businesses, combined with his customer-focused expertise and leadership skills, will create a strong foundation for this position and provide so that we can continue to provide business solutions to our customers.”
In his role, Bailey will lead the Middle Market and Business Banking segments, which offer companies a range of credit and non-credit financial products and services, nationally.
Bailey is a 25-year veteran of Comerica Bank. In his previous role, he supported Business Banking, Captive Insurance, Energy, Environmental Services, Financial Institutions, Health & Education, International, Leasing, Mid Market-Michigan, Mid Market-Texas, Private Banking and US. Over the years, the scope of Bailey’s responsibilities has grown.
He joined Comerica as a credit analyst for the bank’s commercial lending training program. He rose through the training program, working in energy and middle market lending before taking on the role as senior relationship manager at Dallas middle market. During his tenure, Bailey has served in numerous leadership positions, including Senior Vice President, Alternate Loan Administration Officer; Senior Vice President, Dallas Group Manager; and Senior Vice President, Head of Lending in the Texas Market.
Bailey continues to demonstrate his leadership within Comerica and abroad, serving on the board of the Texas Risk Management Association and currently holds the role as Chair of United Way Bank Leadership.
Bailey earned his bachelor’s degree in finance from Baylor University and is completing degrees at Queen’s University in Canada and KS Johnson College of Business in Cornell University.
Comerica Incorporated (NYSE: CMA ) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: Commercial Banking, Retail Banking and Wealth Management. Comerica focuses on relationships and helping people and businesses succeed. Except TEXASComerica Bank locations can be found at Arizona, California, Florida AND Michiganwith select businesses operating in several other states as well as Canada AND Mexico. Comerica reported total assets of 86.9 billion dollars as far as June 30, 2022.
SOURCE Comerica Incorporated