Linda Nosegbe Named National Community Impact Manager

Rhea-AI Summary

Comerica Incorporated (NYSE: CMA) has appointed Linda Nosegbe as the new Vice President, National Community Impact Manager, reporting to Irvin Ashford Jr., Chief Community Officer. Nosegbe will lead initiatives focused on community impact investments, including support for Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). In 2021, Comerica originated over 700 community loans totaling more than $2.5 billion aimed at affordable housing and economic development. With nearly 25 years in banking, Nosegbe has significant experience in community initiatives.

Positive

• Appointment of Linda Nosegbe enhances leadership in community impact investments.
• Comerica originated over 700 loans exceeding $2.5 billion focused on community development in 2021.
• Nosegbe's extensive experience in banking (25 years) adds value to the company's community initiatives.

Negative

• None.

DALLAS, Aug. 16, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has named Linda Nosegbe, Vice President, Southeast External Affairs Market Manager, as Vice President, National Community Impact Manager. She will report to Irvin Ashford Jr., Chief Community Officer.

In her role, Nosegbe will help lead Comerica's public purpose and community impact investments. This includes the bank's support for Minority Depository Institutions (MDI), Community Development Financial Institutions (CDFI) and oversight of special community impact projects designed to enhance our communities.

"Comerica's greatest investments are the ones strengthening our communities and Linda has demonstrated a deep understanding of our commitment to positively impact the communities we serve," said Ashford Jr. "With her leadership we will continue to remain engaged with organizations and nonprofits to provide the necessary support that provides opportunities for all members of our communities."

In 2021, Comerica originated more than 700 community and economic development loans totaling more than $2.5 billion directed towards:

• Affordable housing for low- to moderate-income (LMI) individuals/communities
• Community services targeted to LMI individuals/communities
• Economic development
• Revitalize or stabilize LMI areas

Nosegbe's experience in banking spans nearly 25 years, 14 of those coming at Comerica. In her most recent role, she was integral in activating Comerica's community initiatives across Southeast Michigan. She facilitated the bank's signature Money $ense programs and other financial education initiatives, supported community partners and nonprofit organizations, and managed community investments. Her commitment to Southeast Michigan garnered recognition from Crain's Detroit Business where she was named one of its 2021 Notable Women in Banking.

She joined Comerica in 2008 as Consumer Operation Analyst team lead and continued to excel, holding a variety of roles with increasing scope and responsibility. Prior to joining Comerica, Nosegbe served in various roles at ABN AMRO and Flagstar Bank, where she began her financial services career.

Active in the community, Nosegbe serves in many capacities. She sits on the board for the Metropolitan Affairs Coalition and Abigayle Ministries and serves as treasurer for the Wayne County CRA Association.

Nosegbe received her bachelor's degree in Business Administration and Computer Information Systems and Program from Baker College, and Master of Business Administration from Walsh College.

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 Michigan, California, Florida and Arizona. Additionally, Comerica has select businesses operating in Canada and Mexico. Comerica reported total assets of $86.9 billion as of June 30, 2022.

View original content to download multimedia:https://www.prnewswire.com/news-releases/linda-nosegbe-named-national-community-impact-manager-301606654.html

SOURCE Comerica Bank

FAQ

What role has Linda Nosegbe been appointed to at Comerica?

Linda Nosegbe has been appointed as Vice President, National Community Impact Manager.

What is Comerica's focus with its community impact initiatives?

Comerica focuses on supporting Minority Depository Institutions and Community Development Financial Institutions.

How much did Comerica originate in community development loans in 2021?

Comerica originated over 700 community development loans totaling more than $2.5 billion in 2021.

Who does Linda Nosegbe report to at Comerica?

Linda Nosegbe reports to Irvin Ashford Jr., the Chief Community Officer.

What is the total asset value of Comerica as of June 30, 2022?

As of June 30, 2022, Comerica reported total assets of $86.9 billion.