Comerica Bank launched Comerica Maximize, a new solution that allows qualifying small business and business banking customers to earn interest income while growing and protecting their businesses with treasury services.
Comerica Bank named Jenae Anderson its first Colorado market president. Anderson will continue to oversee commercial lending in the Colorado market and lead a new middle-market team for the greater Denver area.
Comerica Bank appointed Sandra Felegy, Brent Harraman and Meghan Storey regional directors for its small business banking segment. They will cover California, Texas and Michigan, respectively.
Gibraltar Industries closed on a $400 million five-year revolving credit facility. KeyBanc Capital Markets, Bank of America, M&T Bank and PNC Bank acted as joint lead arrangers for the new facility, with Comerica Bank, TD Bank and Wells Fargo serving as co-documentation agents.
According to an 8K filed with the SEC, Comerica Bank is serving as administrative agent, sole lead arranger and sole bookrunner for a $100 million revolving credit facility for Warby Parker, a retailer of eyewear. The facility also has a $75 million accordion, providing for a maximum of $175 million in funding.
Comercia Bank named Joe Ursuy executive vice president of national businesses for energy, renewables and waste. Ursuy most recently served as senior vice president and director of environmental services at Comerica, leading the bank’s environmental services department.
Comerica Bank named Corey Bailey executive vice president and head of middle-market and business banking. Bailey is a 25-year veteran of Comerica, previously serving as executive vice president of credit risk management and decisioning.
Archaea Energy obtained binding commitments from five financial institutions to amend its revolving credit and term loan agreement to, among other things, increase aggregate total commitments by approximately $450 million to a total of at least $920 million.
Group 1 Automotive completed a $2 billion five-year revolving syndicated credit facility with 21 financial institutions, including U.S. Bank, Bank of America and JPMorgan Chase.
Comerica Bank hired Jenae Anderson as head of commercial banking. At Comerica, Anderson will oversee commercial lending and community engagement while leading a team of lenders to expand the bank’s presence in Colorado.