Comerica Inc.
Comerica to Redeem All Series A Preferred Stock and Depositary Shares on July 1, 2025
Summary
Comerica Incorporated announced the full redemption of all 4,000 outstanding shares of its 5.625% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, and the corresponding depositary shares, effective July 1, 2025. The redemption price will be $1,000 per Depositary Share, with regular quarterly dividends paid separately on the same date. All regulatory requirements have been satisfied, and the redemption payment will be made by Computershare Trust Company, N.A. This redemption will result in no shares of the Preferred Stock or Depositary Shares remaining outstanding after the transaction.
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About Comerica Inc.
Comerica Inc. is a leading financial services company that primarily focuses on commercial banking, retail banking, and wealth management services. Its operations are segmented across various divisions, which include the Business Bank, Retail Bank, and Wealth Management. Comerica Inc. is known for providing comprehensive financial solutions to both individual clients and businesses, with a strong emphasis on serving the middle-market business sector. Headquartered in Dallas, Texas, Comerica has a significant presence in key markets such as Texas, California, and Michigan, among others. In the financial market, Comerica Inc. plays a vital role by offering tailored financial products and services that support the economic growth of communities and enhance the financial well-being of its clients. Additionally, its commitment to robust risk management practices and community involvement highlights its integral role in the banking industry.
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