Comerica Inc
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Financials : Banks | Mid Cap Blend
Company profile

Comerica Incorporated is a financial holding company. Its Commercial Bank segment serves small and middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. Retail Bank segment includes a range of personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The segment also offers a subset of commercial products and services to micro-businesses. Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. Finance segment includes the securities portfolio and asset and liability management activities.


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Dave Galbreath Selected to Lead Comerica Bank's Florida Market

1:05 pm ET May 24, 2022 (PR Newswire) Print

Comerica Incorporated (NYSE: CMA) announced that Dave Galbreath has been named its Florida Market President, replacing David Kunik, who has decided to step down so he can focus more directly on managing the market's retail operations.

As the Florida Market president, Galbreath will continue to oversee the National Dealer Services Southeast and Texas loan groups, while expanding his role to include business and community development efforts to ensure continued growth within the Florida market for all lines of business. He will report to Texas Market President Brian Foley.

Galbreath joined Comerica Bank as a Commercial Banking Officer in 1994. In 1996, he left to work at SunTrust Bank as an Assistant Vice President in Middle Market, but then returned to Comerica in 1997. Prior to being promoted in 2008 to his current role as Group Manager, Galbreath held a variety of roles with increasing responsibility, including Relationship Manager and Alternate Group Manager.

"We are grateful for David Kunik's service and contributions in this role for the past 16 months, which included the launch of gomerica, Comerica's first mobile bank, in the Naples market," said Texas Market President Brian Foley. "Dave Galbreath's sound understanding of the Florida banking and financial services landscape, as well as his deep roots, strong relationships and success in the market, will prove to be invaluable as we continue to expand our presence in this footprint."

Galbreath earned a Master of Business Administration degree from Florida Atlantic University and a bachelor's degree from Florida State University with a double major in finance and international business. A United States Air Force veteran and Comerica Veterans Leadership Network member, Galbreath served four years as a Korean Cryptologic Linguist.

Comerica operates full-service banking centers in Fort Lauderdale, Naples, Palm Beach Gardens, Singer Island and Wellington, as well as Boca Raton, Comerica's Florida regional headquarters.

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 focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $89.2 billion as of March 31, 2022.

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SOURCE Comerica Incorporated

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