Comerica in Dallas has promoted Curtis Farmer to president.
Farmer, 52, will be the president of the $69.3 billion-asset company and its Comerica Bank unit. He assumes the title from Ralph Babb, who remains the chairman and chief executive of the holding company and the bank.
Farmer had previously been responsible for the retail banking and wealth management divisions and will now oversee the business-lending portion of bank operations, too. Farmer came to Comerica as executive vice president of wealth management in October 2008 after holding the same position at Wachovia, where he worked in various capacities for 23 years.
"Since joining the bank, [Farmer] has made significant contributions to the company through a challenging economic environment and a period of rapid change," Babb said in a news release.