Comerica Bank Names Bridgit Chayt Executive Vice President of Treasury Management Services

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Dec 22, 2010, 10:00 ET

DALLAS, Dec. 22, 2010 /PRNewswire-FirstCall/ -- Comerica Bank has named Bridgit Chayt as Executive Vice President of Treasury Management Services.

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In her new role, Chayt is responsible for the development, sales and support of treasury management products on a national level, including commercial card and merchant services. Comerica's Treasury Management Services division offers a suite of leading-edge financial products that help businesses reduce costs and reach their financial goals, including TM Connect Web(SM). This Web-based application helps businesses access and manage their cash information online using feature-rich technology that was highly rated in a recent benchmarking of corporate and commercial banking online services.

Other industry-leading products available through Comerica's Treasury Management division include the Comerica Healthcare Receivables Automation Solution, a web-based product aimed at reducing healthcare industry costs and facilitating the electronic delivery of payment information; Comerica Business Deposit Capture(SM), which enables businesses to scan checks and deposit them electronically into their Comerica account; and Comerica ACH Positive Pay(SM), which provides fraud protection and information management capabilities for ACH (Automated Clearing House) transactions.

Chayt succeeds Daniel J. McCarty, who retired after a 22-year career with Comerica.

Chayt most recently served as senior vice president of Global Corporate Product Management in Treasury Management Services – a position she has held since 2003. She joined Comerica in 1998 as a global banking marketing manager for Comerica's Business Bank. In 2000, she became the global corporate marketing manager supporting The Business Bank and Wealth & Institutional Management.

Prior to joining Comerica, Chayt worked in banking in the Midwest and has over 30 years of experience in the financial services industry. She holds a bachelor of arts degree from St. Joseph College in Rensselaer, Indiana, and attended the Graduate School of Banking Administration in Boulder, Colorado.

Chayt currently chairs Comerica's Women's Forum in Michigan, an employee resource network group that works to further the recruitment, development and retention of women at the bank, and is a member of the Association for Financial Professionals.

About Comerica

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 $55.0 billion as of September 30, 2010. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.