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COMERICA BANK-TEXAS ACQUIRES FIDELITY NATIONAL BANK

 DETROIT, July 23 /PRNewswire/ -- Comerica Bank-Texas, a wholly owned subsidiary of Comerica Incorporated (NYSE: CMA), in a transaction assisted by the Federal Deposit Insurance Corporation (FDIC), has acquired the insured deposits of Fidelity National Bank in Houston.
 Fidelity National Bank has deposits of approximately $44 million, and operates four branches in southeast Houston. The acquisition of these additional branches increases the number of Comerica Bank-Texas locations in the Houston area to 10.
 Banking regulators closed the bank Thursday, July 22. All four offices have reopened for regular business hours today as branches of Comerica Bank-Texas.
 "This transaction supports Comerica's strategy of expanding our presence in the Houston marketplace, and further reinforces our commitment to our small business and middle market focus," said Charles L. Gummer, president and chief executive officer of Comerica Bank-Texas.
 With the addition of Fidelity, Comerica now operates 57 branches in Dallas, Fort Worth, Houston, Austin and San Antonio, and has total assets in Texas of $3.1 billion.
 Comerica Incorporated reported assets of $27.4 billion at June 30, 1993. In addition to Texas, Comerica Incorporated operates banks in Michigan, Illinois, California and Florida.
 -0- 7/23/93
 /CONTACT: (Media) Wayne J. Mielke, 313-222-4732, or (Investors) Judith V. Hicks, 313-222-6317, both of Comerica/
 (CMA)


CO: Comerica Incorporated; Comerica Bank-Texas; Fidelity National Bank ST: Michigan, Texas IN: FIN SU: TNM

ML -- DE004 -- 5127 07/23/93 11:58 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:232
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