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COMERICA DIRECTORS MEET

 COMERICA DIRECTORS MEET
 DETROIT, Sept. 18 /PRNewswire/ -- The board of directors of Comerica


Incorporated (NYSE: CMA) today approved plans to redeem its Series B preferred stock and to purchase shares of its common stock.
 Comerica will redeem all of the issued and outstanding shares of its Fixed Rate Cumulative Preferred Stock, Series B, at $50 per share plus accrued and unpaid dividends on Dec. 31, 1992. Dividends on the Series B stock are cumulative at a fixed rate of 8.65 percent and are paid semiannually.
 Directors also authorized a plan to purchase up to 500,000 shares of Comerica's authorized and issued common stock as management deems appropriate. The stock will be held as Treasury Stock and will be used for the corporation's employee benefit plans.
 Comerica Incorporated is a bank holding company headquartered in Detroit. It operates banks in Michigan, Illinois, Texas, California and Florida. Its assets totaled nearly $28 billion at June 30, 1992.
 -0- 9/18/92
 /CONTACT: Sharon R. McMurray, 313-222-4881, or Michael T. Maurer, 313-222-4732, both of Comerica/
 (CMA) CO: Comerica Incorporated ST: Michigan IN: FIN SU:


SB -- DE014 -- 1177 09/18/92 13:55 EDT
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Publication:PR Newswire
Date:Sep 18, 1992
Words:192
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