Comerica Completes Sterling Takeover

Dallas-based Comerica formally takes over Houston's Sterling Bank today, completing an acquisition announced in January.

The takeover will triple Comerica’s Houston market share, provide it an entry into the San Antonio and Kerrville areas, and complement its banking center network in Dallas-Fort Worth.

Downey Bridgwater, formerly chairman and CEO of Sterling, now becomes Comerica’s Houston market president.  He says the Comerica takeover will mean a range of new services for consumers and, especially, for businesses.

“They have lines of business that will help a litany of different groups specializing in health care, life sciences, technology, automobile dealerships and the automobile industry overall, energy, energy services…it goes on and on.  They even have an entertainment group out in California.”

Sterling branches and ATMs will continue to carry the Sterling name until Comerica finishes converting systems later this year.  Until then, Sterling branches will operate as a division of Comerica.


Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

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