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COMERICA COMBINES BROKERAGE COMPANIES TO FORM COMERICA INVESTMENT SERVICE, INC.

COMERICA COMBINES BROKERAGE COMPANIES TO FORM COMERICA INVESTMENT SERVICE,
 INC.
 DETROIT, July 7 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced it has merged its two brokerage subsidiaries, Comerica Brokers, Inc. and Advantage Investment Service. The new company, called Comerica Investment Service, Inc., is being formed as a full-service brokerage business.
 "Investors who have used our discount brokerage service in the past will see this feature continue with Comerica Investment Service. However, investors will be pleased to find a wider array of other investment products and services available to them in this new company," said John P. Landis, chairman, Comerica Investment Service.
 In addition to mutual funds, stocks, bonds and precious metals, Comerica Investment Service now offers asset allocation, wrap accounts and general investment guidance to customers.
 Comerica Incorporated is a bank holding company headquartered in Detroit, which merged with Manufacturers National Corporation on June 18, 1992. Comerica's assets total approximately $26 billion.
 -0- 07/07/92
 CONTACT: Sharon McMurray of Comerica, 313-222-4785
 (CMA) CO: COMERICA INCORPORATED; COMERICA BROKERS, INC.;
 ADVANTAGE INVESTMENT SERVICE


IN: FIN SU: TNM ST: MI -- DE017 -- X822 07/07/92
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 7, 1992
Words:183
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