Comerica Incorporated announced that Larry Franco has been named Executive Vice President, National Director of Retail Banking & Operations. He will succeed Rhonda Davenport, Executive Vice President and National Director of Retail Banking, who is expected to retire in April 2024, following more than 36 years with Comerica. Franco will report to Cassandra McKinney, Executive Vice President, Executive Director of the Retail Bank.

Franco will oversee the development and leadership of Comerica's more than 400 banking centers that span across five states and employ approximately 2,200 employees. Additionally, he will have oversight for the operational execution and risk management of the banking centers. Larry Franco: An accomplished leader with more than 25 years of retail banking experience, Franco joins Comerica following his tenure with PNC Bank in Houston, where he served as the Southwest Territory Executive, Executive Vice President, leading a team of 3,200 team members across 501 retail bank branches.

Prior to PNC Bank, he spent 14 years at BBVA, starting as a District Retail Executive, moving into positions of increasing scope and responsibility in banking center management, then culminating in his leadership role over the retail network of 644 branches and more than 4,000 team members as Senior Executive Vice President, Head of Retail Banking. Franco remains active in the community, serving as a Board Member of Junior Achievement of Southeast Texas. He is also an Executive Advisory Board Member of the National Basketball Retired Players Association.

He earned his bachelor's degree from the University of Phoenix and completed the Executive Leadership Program at Harvard Business School. Rhonda Davenport: Davenport has spent more than 36 years with Comerica, joining the bank in 1987. She has held positions of increasing score and responsibility in banking center management, including regional manager in Michigan, new business development in small business banking, national sales/service management and retail operations. As the Director of the Comerica Bank Loan Center (CLC), she oversaw CLC operations for all consumer and small business loans generated through Comerica's national operations.

In this role, she spearheaded a consumer loan origination redesign project with redefined roles and responsibility, as well as implemented extensive training and continuous improvement initiatives which, among others, significantly reduced loan processing time resulting in a significant increase in loan growth. She is a member of the Retail Operation Committee and contributes valuable insights to organizational effectiveness. She earned a bachelor's degree in business, as well as an MBA, from Western Michigan University, and is a graduate of the Graduate School of Retail Bank Management administered by the Consumer Bankers Association.