Company: CMA
Filing Date: 2025-12-22
Form Type: PX14A6G
Source: 0000921895-25-003378
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Company: COMERICA INC
Filing Date: 2025-12-22
Form: PX14A6G
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<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

NOTICE OF EXEMPT SOLICITATION

Submitted Pursuant to Rule 14a-6(g)</div>

NAME OF REGISTRANT: Comerica Incorporated

NAME OF PERSONS RELYING ON EXEMPTION:HoldCo
Asset Management, LP, HoldCo Opportunities Fund V, L.P., VM GP X LLC, VM GP II LLC, Michael Zaitzeff, and Vikaran Ghei (collectively,
“HoldCo”)

ADDRESS OF PERSON RELYING ON EXEMPTION:515 East Las Olas Blvd., Suite 1010, Fort Lauderdale, Florida 33301

WRITTEN MATERIALS: The
following written materials are attached:

Press Release, dated December
22, 2025

Presentation, dated December 22,
2025, attached hereto as Exhibit 1

<div align='center'>* * *</div>

Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934. This is not a solicitation of authority to vote any proxy.HoldCo is not asking for your proxy card and will not accept proxy cards if sent. The cost of this filing is being borne entirely byHoldCo.

PLEASE NOTE:HoldCo is not asking for your proxy card and cannot accept your proxy card. Please DO NOT send us your proxy card.

<div align='center'>(Written material follows on next page)

HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION
TO THE BOARD OF DIRECTORS OF COMERICA INC.

Believes the Company’s Revised
Disclosures Underscore the Board’s Failure to Run a Comprehensive Review Process Aimed at Maximizing Value

Highlights that Updated Disclosures
Confirm HoldCo’s Concerns That Sale Process Was Rushed and Designed to Neutralize Potential Proxy Contest

Continues to Believe There is Limited
Downside To Voting Against the Merger</div>

FORT LAUDERDALE, Fla., Dec. 22, 2025 - Today,
HoldCo Asset Management, LP (“HoldCo”), a Florida-based investment firm managing approximately $2.6 billion in regulatory
assets under management, released a presentation to the Board of Directors of Comerica Inc. entitled “When The Bank Was Healthy
But The Board Got Scared.”

The presentation may be found at the following
link:

https://