Curtis Farmer

Chairman, Chief Executive Officer & President, Comerica

Search every verified Curtis Farmer interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Curtis Farmer, Chairman, President and CEO of Comerica, discussed the bank's 175-year history and its positioning in the banking industry during an August 2024 interview. He noted that Comerica was founded in 1849 and is the 41st longest-tenured company traded on the New York Stock Exchange. Farmer attributed the bank's longevity to a consistent commitment to employees, customers, and communities, a conservative approach to banking, and a strong financial position. He described Comerica's focus as heavily oriented toward commercial and corporate banking, comprising about 80% of its business, alongside retail and wealth management capabilities, and emphasized the bank's relationship-focused approach in major U.S. markets. Looking ahead, Farmer expressed confidence in the U.S. economy and said the bank emerged from the recent regional bank crisis in a strong liquidity and capital position, while also investing in digital capabilities, AI, and other areas to support future growth. In earlier remarks from a January 2020 earnings call, Farmer addressed financial performance and strategy. He discussed revenue line items, including card income and associated processing fees, and noted the bank's focus on expense control while maintaining necessary investments in technology. He also commented on the impact of interest rates, projecting progressively lower effects through the year, and stated that Comerica remained focused on organic growth, having completed only two acquisitions in the prior 20 years, with a narrow lens for potential deals in Texas or California that would be strategic and economically beneficial.