| Business Summary | | Comerica
Incorporated
is
a
multistate
financial
services
provider
formed
to
acquire
the
outstanding
common
stock
of
Comerica
Bank.
As
of
December
31,
2000,
Comerica
owned,
directly
or
indirectly
all
the
outstanding
common
stock
of
seven
banking
and
35
non-banking
subsidiaries.
Comerica
has
strategically
aligned
its
operations
into
the
three
major
lines
of
the
Business
Bank,
the
Individual
Bank
and
the
Investment
Bank.
The
Business
Bank
is
comprised
of
middle
market
lending,
asset-based
lending,
large
corporate
banking
and
international
financial
services.
The
Individual
Bank
includes
consumer
lending,
consumer
deposit
gathering,
mortgage
loan
origination
and
servicing,
small
business
banking
(annual
sales
under
$5
million)
and
private
banking.
The
Investment
Bank
is
responsible
for
the
sale
of
mutual
fund
and
annuity
products,
as
well
as
life,
disability
and
long-term
care
insurance
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Comerica
Incorporated
is
a
registered
bank
holding
company,
focusing
on
three
major
lines
of
business:
the
business
bank,
the
individual
bank
and
the
investment
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
2%
to
$1.82
billion.
Net
interest
income
after
loan
loss
prov.
rose
8%
to
$930.7
million.
Net
income
applicable
to
Common
fell
26%
to
$293.5
million.
Results
reflect
loan
growth
and
higher
net
interest
margin,
offset
by
a
$108.4
million
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Eugene Miller, 63 Chairman,
Pres and CEO | $2.3M | $2.4M | Ralph Babb, Jr., 52 Vice
Chairman of Fin. and Adminstration and CFO | 1.1M | -- | John Lewis, 52 Vice
Chairman and Exec. VP | 1.1M | 790K | Joseph Buttigieg III, 55 Vice
Chairman of the Bus. Bank and Exec. VP | 991K | -- | John Beran, 48 Exec.
VP, CIO | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|