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HIBERNIA BANK IN TEXAS MERGES WITH COMERICA BANK-TEXAS

 DETROIT, June 1 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced Hibernia National Bank in Texas has merged with Comerica Bank-Texas and the 23 Hibernia branches in Dallas, Houston, Austin and San Antonio now operate under the Comerica name.
 Comerica Incorporated agreed to buy the $800-million-asset Hibernia National Bank in Texas for approximately $56 million in cash in July 1992, and completed the acquisition at year-end.
 Comerica Bank-Texas now operates 51 branches in Dallas/Fort Worth, Houston, Austin and San Antonio. It will add two more branches when its merger with Sugar Creek National Bank in Sugar Land and with NorthPark National Bank are completed later this year.
 Comerica Incorporated reported assets of $26 billion at March 31, 1993. In addition to Texas, Comerica Incorporated operates banks in Michigan, Illinois, California and Florida.
 -0- 6/1/93
 /CONTACT: For media, Sharon R. McMurray, 313-222-4881, or Wayne J. Mielke, 313-222-4732; or for investors, Leonard B. Carleton, 313-222-4940, or Judith V. Hicks, 313-222-6317, all of Comerica Inc./
 (CMA, HIB)


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

SB -- DE022 -- 3963 06/01/93 12:31 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
Words:188
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