DALLAS, July 25, 2018 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that Peter L. Sefzik, Comerica Bank's Texas Market President, will be named Comerica Bank's Executive Vice President-Business Bank, and Brian P. Foley, Comerica Bank's Chief Credit Officer-Texas, will succeed Sefzik as Comerica Bank's Texas Market President. The appointments of Sefzik and Foley will be effective Aug. 17, 2018.
In his new role, Sefzik will lead Comerica's business segment nationally, which provides companies with an array of credit and non-credit financial products and services. Additionally, he will assume responsibility of Comerica Bank's small business banking function, which is part of the Retail Bank currently. Sefzik will report to Curtis C. Farmer, President of Comerica Incorporated and Comerica Bank.
Sefzik began his banking career with Comerica as a credit analyst in 1999 and has served as Texas Market President since 2015. Prior to that, he was the senior vice president and national private banking director in Wealth Management, following three years as the regional managing director of Wealth Management for the Texas, Arizona and Florida markets. He has held various roles of increasing scope and responsibility within Comerica's commercial banking line of business, including nine years in Comerica's Energy Lending group, in addition to Wealth Management.
After earning a bachelor's degree in International Relations and an MBA in International Management from Baylor University, Sefzik went on to graduate from the Southern Methodist University's Dedman School of Law with his juris doctorate. He serves on the Boards of the Dallas Regional Chamber and Dallas Arboretum.
"Peter's leadership style and relationship banking background make him the ideal candidate to lead our Business Bank," said Farmer. "Peter has laid a strong foundation for Brian to make a seamless transition into the role of Texas Market President. We believe Brian's experience in and knowledge of our headquarters market, as well as his strong customer service approach, will further enhance Comerica's profile in the communities we serve in Texas, Arizona and Florida."
As Comerica Bank's Texas Market President, Foley will oversee all business and community development efforts in Comerica's headquarters market, including management of Middle Market and Energy Lending in Texas. Additionally, he will manage seven regional presidents and have overall market responsibilities for the commercial, wealth and retail lines of business in Texas, Arizona and Florida. Foley will report to Sefzik.
Foley joined Comerica in June 1992 after serving four years as an officer in the United States Army. He has spent his career at Comerica in Middle Market banking, including serving as a group manager from 2002 to 2010, before being recruited as the Chief Credit Officer-Texas where he focused on Commercial Real Estate, Energy and Middle Market. Foley earned a bachelor's degree in finance from Texas Christian University – where he was designated a Distinguished Military Graduate – and an MBA with highest honors in Industrial Management from the University of Dallas.
Foley has been a board member for the Texas State Risk Management Association since 2011, and previously served as a Vice-Chair of the Veterans Leadership Network, the United Way Campaign Manager at Comerica, as well as participated in Hearts and Hammers projects and Big Brothers Big Sisters of Dallas fundraising events. He also has been a member of his church for over 25 years, having served on the Finance team. He is a decorated military officer and has received various honors from the military, including the Army Commendation Medal (2nd Award), Valorous Unit Award with 2 Bronze Service Stars, SW Asia Service Medal for combat in Iraq, Kuwait Liberation Medal, and the Humanitarian Service Medal.
Comerica Incorporated (NYSE: CMA) is 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 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 $72.0 billion at June 30, 2018.
SOURCE Comerica Bank
