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COMERICA-MANUFACTURERS MERGER EFFECTIVE TODAY

 COMERICA-MANUFACTURERS MERGER EFFECTIVE TODAY
 DETROIT, June 18 /PRNewswire/ -- Today is the effective date of the


merger of Comerica Incorporated (NYSE: CMA) and Manufacturers National Corporation.
 The merger will be effected through an exchange of stock in which holders of Manufacturers stock will receive for each share .81 share of Comerica common stock. After the exchange, Comerica will have approximately 56.9 million shares of common stock issued and outstanding. Comerica is listed on the New York Stock Exchange and trades under the symbol CMA.
 The new holding company at present operates two banks in Michigan, Comerica and Manufacturers, which together have $24 billion in assets, more than 300 offices and approximately 9,600 employees. These banks will merge in August or September. Not until then can a customer of one bank conduct business at an office of the other.
 Comerica also operates banks in Illinois, Texas, California and Florida.
 Gerald V. MacDonald is the chairman and chief executive officer of Comerica Incorporated. Eugene A. Miller is the corporation's president and chief operating officer.
 -0- 6/18/92
 /CONTACT: (Media) David O. Taylor, 313-222-3384, or 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; Manufacturers National Corporation ST: Michigan IN: FIN SU: TNM


ML -- DE003 -- 1392 06/18/92 09:35 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
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