Comerica Bank Focuses on Small Business and Customer Experience with Addition of Two Leadership Positions

Rhea-AI Summary

Comerica Incorporated (NYSE: CMA) announced the hiring of Omar Salah as Executive Vice President, Director of Small Business Banking, and Brian Haney as Senior Vice President, Director, Strategy & Transformation. Salah, a 20-year industry veteran, aims to enhance services for small businesses, while Haney will focus on improving customer experiences. Comerica committed $5 billion for small business lending from 2021-2023. The bank reported total assets of $94.6 billion as of December 31, 2021.

Positive

• Hiring of experienced leaders enhances small business banking services.
• Comerica's commitment of $5 billion for small business lending supports growth.

Negative

• None.

DALLAS, March 14, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the addition of two key members to its Retail Bank division with the hiring of Omar Salah, Executive Vice President, Director, Small Business Banking, and Brian Haney, Senior Vice President, Director, Strategy & Transformation. Both will report to Cassandra McKinney, Executive Vice President, Executive Director, Retail Bank.

"Omar and Brian bring a tremendous amount of expertise and leadership to Comerica's Retail Bank, and their talents will help us further enhance the experience and services we provide to our consumer and small business customers," said McKinney.

Omar Salah
Salah, a 20-year industry veteran, joins Comerica to fill the newly-created Director of Small Business Banking role, established to bolster Comerica's services for small businesses. Last year, Comerica announced a commitment of $5 billion over the course of three years (2021-2023) to support small business lending.

Small business banking has been the focus of Salah for the previous five years while at MUFG Union Bank, N.A. As Managing Director and Head of Small Business Banking, Salah led the launch of the Small Business Bankingsm department and was responsible for the banking needs of the bank's approximately 200,000 all business clients.

Salah, who will be based in San Diego, remains active in the Southern California community where he serves on the board of Junior Achievement of San Diego County and volunteers with the San Diego Arab Film Festival committee. He holds a master's degree from the Paul Merage School of Business at the University of California, Irvine and a bachelor's degree from California State University San Marcos.

Brian Haney
Haney joins Comerica after serving as Senior Vice President, Director of Strategy and Product Management for Business Banking at Fifth Third Bank. During his more than 25-year career in the financial services industry, Haney has worked across many business lines including banking centers, business banking, card services, finance, product management and strategy and payments.

As Director of Strategy & Transformation, Haney and his team will continue to enhance the banking experience for Comerica's consumer and small business customers. Haney holds a master's degree from the Richard Ivey School of Business at the University of Western Ontario and a bachelor's degree in economics from Brock University in St. Catharines, Ontario.

Comerica Incorporated (NYSE: CMA) is 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 $94.6 billion as of Dec. 31, 2021.

 

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SOURCE Comerica Incorporated

FAQ

Who are the new executives at Comerica (CMA)?

Comerica appointed Omar Salah as Executive Vice President, Director of Small Business Banking, and Brian Haney as Senior Vice President, Director, Strategy & Transformation.

What is Comerica's commitment to small businesses?

Comerica has committed $5 billion over three years (2021-2023) for small business lending.

How much are Comerica's total assets?

As of December 31, 2021, Comerica reported total assets of $94.6 billion.

What positions did Omar Salah and Brian Haney hold before joining Comerica?

Omar Salah was Managing Director at MUFG Union Bank, and Brian Haney was Senior Vice President at Fifth Third Bank.

Where is Comerica headquartered?

Comerica is headquartered in Dallas, Texas.