Comerica in Dallas has hired a leader for its commercial lending division after its vice chairman, who had led that segment, resigned.
The $69.3 billion-asset company named Patrick Faubion head of Comerica Business Bank, effective today. Faubion replaces Lars Anderson, who resigned from that position and as vice chairman to pursue other business opportunities.
Anderson had been Comerica's vice chairman since December 2010, when he left BB&T to join the company. Comerica did not provide additional details on Anderson's departure; he had not updated his LinkedIn profile, as of the afternoon of July 14.
Faubion has been president of the Texas market for Comerica, in which he's responsible for general middle market banking in Texas, market activities in Arizona and Florida and Comerica's energy business; he will retain those duties in his new role. Faubion joined Comerica in 1984.
Faubion will report Comerica President Curtis Farmer and he will join the company's management executive committee. Comerica Business Bank handles commercial lending, cash management, capital markets, trade finance and other services for middle-market businesses and multinational corporations.