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COMERICA BANK FORMS FULL-SERVICE BROKER DEALER

 DETROIT, Jan. 3 /PRNewswire/ -- Comerica Bank (NYSE: CMA) today announced the formation of Comerica Securities, a full-service broker dealer. Comerica Securities combines the operations of Comerica's former full-service brokerage subsidiary, Comerica Investment Service, and its Capital Markets business unit. Capital Markets provided investment banking services and was the largest Michigan-based underwriter of new Michigan municipal issues.
 In addition to assisting individuals with their investments in stocks, bonds, mutual funds and annuities, Comerica Securities provides a full array of investment products and services to institutional investors.
 The firm serves as a dealer and underwriter of tax-exempt municipal securities and offers such taxable investments as U.S. government obligations, corporate bonds, zero coupon bonds and commercial paper. Other services provided include assistance with public offerings, private placements, syndication and trading, and mergers and acquisitions.
 "The formation of Comerica Securities will enable us to more effectively provide investment products and services to a large, diverse customer base," said John Landis, managing director of retail sales for Comerica Securities. "Our investment professionals now will be able to offer customers a broader array of investment alternatives."
 Comerica Securities has 90 employees. For customer convenience, Comerica Securities' licensed professionals will meet at a customer's home, office or a Comerica branch.
 -0- 1/3/94
 /CONTACT: Kathleen A. Pitton, 313-222-4916, or Wayne Mielke, 313-222-4732, both of Comerica/
 (CMA)


CO: Comerica Bank ST: Michigan IN: FIN SU:

KE -- DE011 -- 8463 01/03/94 10:49 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:238
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