BOSTON/June 3, 2002 - Comerica (NYSE:CMA), a leading financial services company, announced today that Kristen Kosofsky has joined its Technology and Life Sciences Division as a vice president in the Northeast Region’s Life Sciences Practice.

For more than 10 years, Kosofsky has specialized in life sciences venture lending, completing financing transactions with a long list of biotechnology and medical device companies. She joins a team that is headed by Comerica’s Parag Shah, senior vice president, who, like Kosofsky, has a background in both science and business.

"Kristen’s experience in life sciences venture lending will be of tremendous benefit to our current clients and will provide potential clients with yet another reason to bank with Comerica," Shah said. "We are fortunate to have in place a team that understands the intricacies of both life sciences technology and venture banking."

Kosofsky comes to Comerica from GATX Ventures, where she served as vice president of Life Sciences. Prior to that, she held the positions as vice president of Life Sciences at Transamerica Technology Finance, vice president of Life Sciences at Financing for Science, and director of Business Development at Rensselaer Polytechnic Institute. A graduate of Central Connecticut University, Kosofsky is an active member of the Biotechnology Industry Organization (BIO) as well as a number of other industry trade organizations.

About Comerica’s Technology and Life Sciences Division
Comerica Bank’s Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies as well as their more mature counterparts in the computer products, Internet services, telecommunications, life sciences and e-commerce industries. From 19 offices located across the U.S., Comerica’s Technology and Life Sciences Division serves all major technology centers. Comerica Incorporated is the 17th largest bank holding company in the nation, with $50 billion in assets.

Media Contacts:
Adrienne Moch
Pacifico, Inc. (for Comerica’s Technology and Life Sciences Division)
(408) 293-8600 x319
amoch@pacifico.com
or
Keith Turner
Comerica Bank-California
(408) 556-5111
keith_turner@comerica.com