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Comerica Bank Welcomes Stephen Jeffrey as Austin Market President

In a significant strategic move, Comerica Bank has officially appointed Stephen Jeffrey as the Austin Market President. This announcement, part of the bank's continued commitment to community-focused banking, showcases Jeffrey's profound industry experience and personal ties to the Austin area.

Jeffrey, who has amassed over 27 years in private and commercial banking, brings a wealth of knowledge specific to the Central Texas market. Before assuming his new role at Comerica, he honed his skills at PNC Bank, where he navigated various banking challenges while building robust client relationships.

A Deep Community Connection

What sets Stephen apart from other banking professionals is not merely his extensive knowledge but his deep-rooted connection with Austin. Being a fourth-generation Austin native, his family has played an integral role in the community for over 100 years, contributing to the richness of local music, arts, and business. Jeffrey has cultivated a sense of trust and familiarity in the market, crucial for any successful banker. _“What sets Stephen apart is not just his expertise in banking, but his deep generational roots in this community,”_ said Corey Bailey, Comerica's Executive Vice President. This connection is particularly important given the bank’s relationship-driven approach.

Leadership and Growth Initiatives

In the capacity of Market President, Jeffrey will lead the market strategy and oversee community development initiatives. As Group Manager of Business Banking and Middle Market, he will also direct the region's commercial team, driving growth while ensuring that local businesses receive the support they need from their banking partners.

Stephen's leadership journey has also seen him actively involved in various community organizations. He currently serves on the Board of Directors for Austin PBS, Headliners Club, Austin Opera, and the Health Alliance for Austin Musicians. His commitment to community service highlights his dedication to enhancing the lives of Austin residents, a quality that aligns with Comerica's mission.

In addition to his community engagements, Jeffrey is an University of Wisconsin-Madison Graduate School of Banking alumnus and has earned a Certificate of Executive Leadership from its School of Business. He also holds a Bachelor of Business Administration in finance from Texas State University, underlining his academic foundation for a successful banking career.

About Comerica Bank

Founded in 1849, Comerica Bank is one of the nation's largest financial services companies, providing a diverse array of banking services to its clients across various sectors. Based in Dallas, Texas, the bank operates across multiple states, including Arizona, California, Florida, Michigan, and of course, Texas. With a total asset count of $77.6 billion as of March 31, 2025, Comerica continues to create strong banking relationships through its service-oriented approach.

Looking Ahead

As Comerica Bank welcomes Stephen Jeffrey into this pivotal role, the focus will remain on fostering community connections and supporting local businesses. Jeffrey's extensive experience, combined with his passion for Austin, positions him perfectly to lead Comerica’s efforts in the region. The bank looks forward to benefiting from his leadership as it strives to enhance its presence and service delivery, setting new standards for banking excellence in Austin.

For more information on Comerica Bank and its initiatives, visit www.comerica.com.