-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RUhr5LJUu7Eocib1EnbwhC8Aqkbm6Oym66RgMR5v65y5DUtn8saGMpiZpYDenruJ raOY9Inc1WkXXiTn96g5xw== 0001104659-10-046827.txt : 20100901 0001104659-10-046827.hdr.sgml : 20100901 20100901083550 ACCESSION NUMBER: 0001104659-10-046827 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100901 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100901 DATE AS OF CHANGE: 20100901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMERICA INC /NEW/ CENTRAL INDEX KEY: 0000028412 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000006021 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10706 FILM NUMBER: 101051346 BUSINESS ADDRESS: STREET 1: 1717 MAIN STREET MC STREET 2: COMERICA BANK TOWER CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-462-4302 MAIL ADDRESS: STREET 1: 1717 MAIN STREET MC STREET 2: ATTN: NICOLE GERSCH CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: DETROITBANK CORP DATE OF NAME CHANGE: 19850311 8-K 1 a10-16669_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 1, 2010

 

COMERICA INCORPORATED

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-10706

 

38-1998421

(State or other Jurisdiction
of Incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification Number)

 

Comerica Bank Tower

1717 Main Street, MC 6404

Dallas, Texas 75201

(Address of principal executive offices)   (zip code)

 

(214) 462-6831

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



 

ITEM 7.01

Regulation FD Disclosure.

 

On September 1, 2010, Comerica Incorporated issued a press release announcing that on October 1, 2010, its subsidiary, Comerica Capital Trust II, will fully redeem all $500 million of its 6.576% Capital Securities at par, plus accrued and unpaid distributions to the redemption date.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

ITEM 9.01

Financial Statements and Exhibits

 

(d)

 

Exhibit

 

 

 

 

 

99.1         Press Release dated September 1, 2010

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

COMERICA INCORPORATED

 

 

 

 

By:

/s/ Jon W. Bilstrom

 

Name:

Jon W. Bilstrom

 

Title:

Executive Vice President - Governance,
Regulatory Relations and Legal Affairs,
and Secretary

 

Date:  September 1, 2010

 



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated September 1, 2010

 


EX-99.1 2 a10-16669_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

 

Comerica to Fully Redeem Trust Preferred Securities

 

DALLAS/September 1, 2010 — Comerica Incorporated today announced that on October 1, 2010, its subsidiary, Comerica Capital Trust II, will fully redeem all $500 million of its 6.576% Capital Securities at par, plus accrued and unpaid distributions to the redemption date.

 

Redemption notices for this issue will be made by The Bank of New York Mellon, as trustee.  Payment of the redemption amount will be made through the facilities of The Depository Trust Company.

 

“The recently signed Dodd-Frank Act changes the treatment of this type of security, so it is no longer an effective form of equity capital for us,” said Ralph W. Babb Jr., chairman and chief executive officer.  “Our strong capital and liquidity positions have enabled us to secure requisite regulatory approvals.  Elimination of these higher-cost securities will result in significant interest savings for us.”

 

In connection with this redemption, Comerica expects to incur a one-time, pre-tax charge of approximately $4.7 million in the fourth quarter, reflecting the accelerated accretion of the remaining original issuance discount.

 

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $55.9 billion at June 30, 2010.

 

Media Contact:

 

Investor Contacts:

 

 

 

Wayne Mielke

 

Darlene Persons

(214) 462-4463

 

(214) 462-6831

 

 

 

 

 

Tracy Fralick

 

 

(214) 462-6834

 


 

 

 

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