Comerica Bank named Corey Bailey executive vice president and head of middle-market and business banking. Bailey, who previously served as executive vice president of credit risk management and decisioning, will report to Peter Sefzik, executive vice president of the commercial bank for Comerica Bank.
Bailey’s new role is part of Comerica’s restructure within its commercial bank, which will feature two divisions focused on middle market and business banking and national and specialty businesses. Recently, Comerica named Mike Ritchie executive vice president and head of national and specialty businesses. These added leadership roles will serve to enhance go-to-market strategies as Comerica focuses on investments toward commercial lending businesses and its recent expansion into North Carolina and Colorado.
“The added roles and restructuring within the commercial bank allow us to enhance our relationship banking approach while accelerating new opportunities to strengthen the future of our organization,” Sefzik said. “Adding Corey to the commercial bank division with his extensive knowledge of Comerica and its businesses, combined with his customer-focused expertise and leaderships skills, will establish a strong foundation for this position and ensure we continue to deliver business solutions for our clients.”
In his role, Bailey will lead the middle-market and business banking segments, which provide companies with an array of credit and non-credit financial products and services.
Bailey is a 25-year veteran of Comerica Bank. In his previous role, he supported business banking, captive insurance, energy, environmental services, financial institutions, health and education, international, leasing, the middle market in Michigan, the middle market in Texas, private and U.S. banking. Through the years, Bailey’s scope of responsibilities has increased.
Bailey joined Comerica Bank as a credit analyst for the bank’s commercial lending training program. He ascended through the training program, working in energy and middle-market lending before landing a role as senior relationship manager in the Dallas middle market. During his tenure, Bailey has served in multiple leadership positions, including senior vice president and alternate credit administration officer, senior vice president and group manager in Dallas and senior vice president and chief credit officer for the Texas market.
Bailey serves on the board of the Texas Risk Management Association and currently holds the role of United Way Leadership Giving Chair for the bank.
