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Comerica in Dallas has hired a leader for its commercial lending division after its vice chairman, who had led that segment, resigned.
July 14 -
Greg Carmichael, a former IT executive, has been tapped to lead Fifth Third Bancorp, a move showing the growing importance of technology in banks' operations. He'll have to find new ways to grow revenue as he succeeds Kevin Kabat, under whom profitability has sagged recently.
July 8 - Ohio
Kevin Kabat told the board of Fifth Third Bancorp that he intends to step down as CEO in November. Kabat, who had led the Cincinnati company since 2007, will remain executive vice chairman through next April.
July 8
Fifth Third Bancorp in Cincinnati named Lars Anderson chief operating officer Thursday, three days after he said he was resigning as a vice chairman at Comerica.
The $140 billion-asset company said
Fifth Third will pay Anderson a
Anderson had been head of the business banking unit at Comerica, where he led more than 20 lines of business, including middle-market banking, corporate finance, treasury management services and leasing. He joined Comerica in 2010 from BB&T.
Carmichael will become Fifth Third's CEO on Nov. 1, when Kevin Kabat retires. Carmichael has worked for Fifth Third since 2003.
