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COMERICA TO COMMENCE LEADERSHIP SUCCESSION

 DETROIT, March 19 /PRNewswire/ -- Gerald V. MacDonald, chairman and chief executive officer of Comerica Incorporated (NYSE: CMA), today announced to the board of directors his plans to retire as an officer of the corporation on June 30, 1993.
 In making his announcement, MacDonald cited the quality of leadership already in place to succeed him, and Comerica's excellent position as one of the strongest financial institutions in the nation. MacDonald also noted his sense of personal fulfillment in his 33-year banking career, including his major role in the merger of Manufacturers and Comerica.
 "This merger is progressing well, so I am very comfortable with my decision," MacDonald said. "This is the correct time for me to move to the next stage of my life and to its new challenges and opportunities."
 His retirement was originally scheduled for June 30, 1994, as part of the merger agreement between Comerica Incorporated and Manufacturers National Corporation announced in October of 1991.
 As originally planned, Eugene A. Miller has been appointed chairman and chief executive officer of Comerica Incorporated effective with MacDonald's retirement. Miller currently is president of the holding company and a member of its board of directors. He is also chairman and chief executive officer of the corporation's Michigan banking subsidiary, Comerica Bank, and will retain that title.
 In addition, the board of directors named Michael T. Monahan, current president of Comerica Bank, to replace Miller as president of the holding company. Monahan will join the corporation's board of directors and also will continue as president of Comerica Bank.
 MacDonald, who will remain a director of the corporation, said his decision to accelerate the succession process was based on the fact Comerica has "a rock-solid management team" already in place as part of the succession plan.
 "I'm proud of the merger team's accomplishments, even though there remains much work to do," said MacDonald. "The company has very capable and experienced leaders, which makes my decision easy. This orderly transition has been part of our plan all along and I am pleased that we can begin the succession process ahead of schedule."
 MacDonald's tenure as chief executive officer of Comerica capped a career that included 32 years of service at Manufacturers Bank, where he eventually rose to the position of chairman and chief executive officer of Manufacturers National Corporation, the holding company for Manufacturers Bank, N.A.
 "Jerry MacDonald's contribution to this organization and to the community has been enormous," said Miller. "His leadership through our merger has been inspirational. We will continue to work together implementing our strategies established at the time of the merger, and I look forward to helping realize the vision he was so instrumental in formulating. And, all of us on the board look forward to the significant contributions he'll continue to make as a director."
 Miller was chairman and chief executive officer of Comerica Incorporated before the merger. He has 38 years of experience in the industry, beginning his career in 1955 with The Detroit Bank, forerunner of Comerica Bank.
 Monahan also had significant top-level executive experience before becoming president of Comerica Bank. Prior to the merger, he was president of Manufacturers National Corporation and its principal subsidiary, Manufacturers Bank, N.A.
 Monahan said: "Jerry MacDonald's vision and leadership have significantly strengthened our organization. We will continue to build on these strengths to serve our customers, shareholders and employees."
 Comerica is headquartered in Detroit and operates banks in Michigan, Illinois, Texas, California and Florida.
 -0- 3/19/93
 /CONTACT: (Media) Sharon R. McMurray, 313-222-4881, or (Investors) Leonard B. Carleton, 313-222-4940, or Judith V. Hicks, 313-222-6317, all of Comerica/
 (CMA)


CO: Comerica Incorporated ST: Michigan IN: FIN SU: PER

ML-SB -- DE005 -- 7892 03/19/93 12:11 EST
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Date:Mar 19, 1993
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