Comerica Bank-Michigan President Thomas D. Ogden to Retire in July 2013 Michael T. Ritchie to Succeed Ogden as Michigan Market President
DALLAS, Nov. 15, 2012 /PRNewswire/ -- Comerica Bank today announced that Thomas D. Ogden, president, Comerica Bank-Michigan, will retire in July 2013, culminating a career that spans more than 41 years with the bank. Native Detroiter Michael T. Ritchie, executive vice president, will serve as the new Michigan Market President upon Ogden's retirement.
Ogden began his banking career in 1971 with Manufacturers Bank, which merged with Comerica in 1992. His tenure with Comerica includes various commercial lending and management positions. Ogden was named senior vice president in 1990 and served as the bank's Chief Credit Officer from 1999 to 2003. He was named executive vice president in 2001 and became Market President in 2007.
Ritchie joined Comerica in 1991 and currently serves as executive vice president, overseeing a multi-billion dollar loan portfolio in the Southeast and West Michigan Middle Market Banking and Environmental Services Divisions. During his 21-year career with Comerica, Ritchie has held a number of roles focusing on small and mid-size companies, including service as a relationship manager, group manager, department manager and division head. He has been a member of the bank's Michigan Leadership Team for the past five years, where he has collaborated with Business Banking, Wealth Management, and Retail Banking on market related matters and various product and process improvement initiatives.
"I've enjoyed my longstanding career at Comerica, being an active member of this community, and working alongside colleagues whose integrity, work ethic and pride in our community is evident," explains Ogden. "As I prepare to retire next year, I'm very pleased to see our state on the road to economic recovery, and I am proud of our team who worked closely with our customers to navigate our state's economic challenges. Our goal is to help people and businesses be successful. And, I'm confident that Comerica's strong, 163-year commitment to Michigan will continue under Mike's leadership."
"As someone who, like Tom, grew up in Detroit, I'm honored to have the opportunity to step into this leadership role in the Michigan market," said Ritchie. "I'm looking forward to working with Tom during the transition period and beyond to build upon the contributions he's made to our bank, our employees and our community and to deepen the relationships he's developed with our customers. That commitment to relationships is a hallmark of Comerica and one that will continue under my leadership."
Comerica Bank, with 216 banking centers in Michigan, is a subsidiary of Comerica Incorporated. Comerica recently completed a $17 million renovation of its building at 411 W. Lafayette in Detroit, which has been renamed Comerica Bank Center and is now the bank's Michigan Market headquarters. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts. To find us on Facebook, please visit www.facebook.com/ComericaCares. Follow Comerica on Twitter at @ComericaCares and follow Comerica Chief Economist Robert Dye on Twitter at @Comerica_Econ.
SOURCE Comerica Bank