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M&A Deal Summary

Comerica Acquires Sterling Bancshares

On July 28, 2011, Comerica acquired financial services company Sterling Bancshares for 1.0B USD

Acquisition Highlights
  • This is Comerica’s 2nd transaction in the Financial Services sector.
  • This is Comerica’s 2nd largest (disclosed) transaction.
  • This is Comerica’s 2nd transaction in the United States.
  • This is Comerica’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-07-28
Target Sterling Bancshares
Sector Financial Services
Buyer(s) Comerica
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Sterling Bancshares

Houston, Texas, United States
Sterling Bancshares, Inc. provides banking serives to consumers and small to medium-sized businesses in Texas, US.

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Buyer(S) 1

Buyer

Comerica

Dallas, Texas, United States
Category Company
Founded 1849
Sector Financial Services
Revenue 3.2B USD (2024)
DESCRIPTION
Comerica park in Detroit, Michigan.
Comerica park in Detroit, Michigan.

Comerica is a financial services company that provides retail, business banking, and wealth management services and serves principally operates in the states of Texas, California, and Michigan. Comerica was incorporated in 1849 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2011 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-30 Imperial Bancorp.

Inglewood, California, United States

Imperial Bank provides customized financial products and services to mid- size manufacturing, distribution, wholesale, service, import/export, and title and escrow businesses, in addition to emerging technology, entertainment and residential construction. Currently, it operates 15 regional banking offices throughout California and Arizona, Colorado and Washington. Imperial also has 23 small business lending offices across the country, and 15 emerging growth loan offices serving technology centers nationwide.

Buy $1.3B
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