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FED APPROVES COMERICA-MANUFACTURERS MERGER

 FED APPROVES COMERICA-MANUFACTURERS MERGER
 DETROIT, May 19 /PRNewswire/ -- The Federal Reserve Board has given


its final approval to the merger of Comerica Incorporated (NYSE: CMA) and Manufacturers National Corporation (NASDAQ-NMS: MNTL). The Federal Reserve's approval was the last required. Several state regulatory agencies previously had given their OK to the transaction. The law provides next for a 30-day period during which the U.S. Justice Department can review the transaction for its impact on competition. However, the Justice Department already has advised the Federal Reserve that the merger "would not have a significantly adverse effect on competition."
 "We are obviously pleased to have reached this milestone," said Gerald V. MacDonald, chairman-designate of the new Comerica. "Since announcing this merger more than six months ago, we have worked hard to ensure that it will succeed."
 This means the merger of the holding companies can occur in approximately 30 days. The merger of both companies' flagship banks will occur later in the summer. Not until then will customers of one bank be able to conduct their business at a branch of the other bank.
 -0- 5/19/92
 /CONTACT: David O. Taylor of Comerica, 313-222-3384; or Sharon R. McMurray of Manufacturers National, 313-222-4881/
 (CMA MNTL) CO: Comerica Incorporated; Manufacturers National Corporation ST: Michigan IN: FIN SU: TNM


ML -- DE016 -- 1876 05/19/92 13:33 EDT
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Publication:PR Newswire
Date:May 19, 1992
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