DETROIT -- The Federal Reserve has approved the merger of Comerica Inc. and Manufacturers National Corp., a Manufacturers spokesman said.

The U.S. Justice Department now has 30 days to review the merger's competitive impact. The Michigan companies do not expected any objections on anti-trust grounds.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.