DALLAS, Feb. 13, 2014 /PRNewswire/ -- Comerica Bank today announced that Angela Mastrofrancesco will become president of its Florida market, effective with the March 2014 retirement of Joe Davio. Mastrofrancesco currently serves as senior vice president and Florida East Coast Regional Manager, Wealth Management, a position she has held since 2011. She will now serve as Florida Regional Manager, Wealth Management, reporting to Peter Sefzik, Regional Managing Director for the Wealth Management team in Texas, Arizona and Florida. In her role as President of Comerica's Florida market, Mastrofrancesco will report to Pat Faubion, President of Comerica Bank's Texas market.

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Mastrofrancesco is a 29-year veteran of Comerica, having started with the banking company as a trust and estate officer in Florida in 1985.  In 2005, she assumed responsibility for the Florida Trust department, heading the team administering trusts for Comerica's high net worth clients in the Sunshine State.

Davio has served as president of the Florida market since December 2012.  He is a 28-year veteran of the bank, having started as a commercial lender in Michigan in 1985.

Davio will work closely with Mastrofrancesco over the next several weeks to ensure a smooth transition of leadership.

Mastrofrancesco has been active in the Florida community, serving as past secretary of the Weston Philharmonic Society and as a board member for NSU Planned Giving Council. She is currently on the National Board of the American Lung Association and vice president of the West Broward Estate Planning Council. In recognition of her outstanding contribution to the business community, Mastrofrancesco was honored by the Boys and Girls Clubs of Broward County as Business Woman of the Year in 2011.  She most recently was named 2013 Trust Banker of the Year by the Florida Bankers Association.

Mastrofrancesco is a Certified Financial Planner and a graduate of Cannon Advance Trust School Program.  She has a BA degree in Business Administration from Barry University.

Comerica has 9 banking centers in its Florida market, including the regional headquarters in Boca Raton, as well as in East Boca Raton, Fort Lauderdale, Naples, Palm Beach Gardens, Singer Island, Sarasota, Stuart, and Wellington.

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 Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Florida, Comerica Bank locations can be found in Texas, Arizona, California and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $65.2 billion at December 31, 2013.

SOURCE Comerica Bank