Comerica Bank appointed Sandra Felegy, Brent Harraman and Meghan Storey regional directors for its small business banking segment. They will be responsible for the overall leadership and success of all small business banking activities within their respective markets and will oversee a team of small business group managers and small business relationship managers in the execution of Comerica’s small business strategy.
“Comerica has made significant investments in our small business segment over the last year,” Omar Salah, executive vice president and director of small business banking at Comerica Bank, said. “Our commitment to expanding our small business banking division is reinforced through these new leadership roles and elevated digital features to help small business owners gain access to capital as they look to grow their business.”
Led by Salah, Comerica’s three new small business regional directors will be aligned with the bank’s major markets in Texas, California and Michigan:
Harraman, who will serve as senior vice president and Texas director of small business, is a 12-year Comerica veteran and is taking on this newly expanded role after serving as senior vice president and group manager for small business banking specialists. He joined Comerica with more than 25 years of experience at various financial institutions, such as Sterling Bank, First Bank, Southwest Bank of Texas and Bank of America. Harraman will also be responsible for Comerica’s Arizona and Florida markets.
Felegy, who will serve as senior vice president and California director of small business, joined Comerica with more than 20 years of experience in the banking industry. Most recently, she spent 13 years at MUFG Union Bank building out the small business relationship manager channel and virtual sales model.
Storey, who will serve as senior vice president and Michigan director of small business, joined Comerica with more than 20 years of small business and business banking experience in the Michigan market. She previously held senior roles at Fifth Third Bank and Citizens Bank, serving as a business banking market manager, business banking regional sales manager and senior relationship manager.
In addition to these personnel moves, Comerica is introducing new digital tools for entrepreneurs that emphasize increased access to capital. In the second quarter, Comerica will launch a new digital small business lending platform nationally. The platform is meant to accelerate access to capital for small business owners with needs up to $100,000. Comerica also has new small business digital payment tools in its pipeline, including Zelle for Small Business and a treasury product bundle designed to efficiently address small business needs in managing cash flow.
“Comerica has the leadership and technological capabilities to not just support small businesses but to make an impact on them nationwide,” Salah said. “With all of our recent advancements in this segment, we are entering our next evolution in small business banking.”
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