DALLAS — Comerica Bank today announced that President Thomas D. Ogden of Comerica Bank-Michigan will retire in July 2013, culminating a career that spans more than 41 years with the bank. Native Detroiter Michael T. Ritchie, executive vice president, will serve as the new Michigan Market President upon Ogden’s retirement. â€¨â€¨
Ogden began his banking career in 1971 with Manufacturers Bank, which merged with Comerica in 1992. His tenure with Comerica includes various commercial lending and management positions. Ogden was named senior vice president in 1990 and served as the bank’s Chief Credit Officer from 1999 to 2003. He was named executive vice president in 2001 and became Market President in 2007. â€¨â€¨
Ritchie joined Comerica in 1991 and currently serves as executive vice president, overseeing a multi-billion dollar loan portfolio in the Southeast and West Michigan Middle Market Banking and Environmental Services Divisions. During his 21-year career with Comerica, Ritchie has held a number of roles focusing on small and mid-size companies, including service as a relationship manager, group manager, department manager and division head.
“I’ve enjoyed my longstanding career at Comerica, being an active member of this community, and working alongside colleagues whose integrity, work ethic and pride in our community is evident,” explains Ogden. “As I prepare to retire next year, I’m very pleased to see our state on the road to economic recovery, and I am proud of our team who worked closely with our customers to navigate our state’s economic challenges. Our goal is to help people and businesses be successful. And, I’m confident that Comerica’s strong, 163-year commitment to Michigan will continue under Mike’s leadership.”
“As someone who, like Tom, grew up in Detroit, I’m honored to have the opportunity to step into this leadership role in the Michigan market,” said Ritchie. “I’m looking forward to working with Tom during the transition period and beyond to build upon the contributions he’s made to our bank, our employees and our community and to deepen the relationships he’s developed with our customers. That commitment to relationships is a hallmark of Comerica and one that will continue under my leadership.” â€¨