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Comerica Bank

Comerica Bank

A financial services company headquartered in Dallas, Texas with three business segments: The Business Bank, The Retail Band and Wealth Management. The company founded by Elon Farnsworth

Comerica Bank is a financial services company headquartered in Dallas, Texas with three business segments: The Business Bank, The Retail Band and Wealth Management. Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Subsidiaries of Comerica include Michigan Market of Comerica Bank, California Market of Comerica Bank, Texas Market of Comerica Bank, Comerica Bank – Canada, Comerica Insurance Services, Inc., Comerica Leasing Corporation, and Comerica Securities, Inc.

History

Comerica traces its history back to the Detroit Savings Fund Institute founded in 1948 by Elon Farnsworth and also to the Manufacturers National Bank of Detroit, which merged with Comerica Bank in 1992. The bank has gone through a series of mergers and the current Comerica name was established in 1982. Comerica consolidated its bank charters in 2003 and moved its corporate headquarters to Dallas.

Comerica Hatch Detroit Contest

The Comerica Hatch Detroit Contest is a neighbourhood retail competition that encourages crowd entrepreneurship. The Comerica Hatch Detroit Contest comes from a partnership between Comerica Bank and Hatch Detroit. Hatch Detroit is an organization that supports existing and new retail initiatives in the Detroit area. Since its beginning in 2012, Comerica has awarded $350,000 in startup funding to winners which each earn $50,000.

Venture Capital

Comerica has a Venture Capital Group with a Technology and Life Sciences Division in the San Francisco area managed by John Benetti.

Timeline

November 20, 2020
Comerica Bank announces a $100,000 donation to longtime community partner Capuchin Soup Kitchen, a nonprofit organization that has served Detroit for more than 90 years with a mission to support and feed those most in need within the Detroit community.

Funded Companies

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Description
Industry
Website
Location
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Comerica Incorporated
April 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank announced today that Lisa Featherngill has been named Senior Vice President, National Director of Wealth Planning. Featherngill...
Comerica Incorporated
March 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank announced it has appointed Summer Faussette as its National African American Business Development Manager supporting its ongoing...
Comerica Bank
February 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in December to a level of 107.5. December's reading is 19 percent above the...
Comerica Bank
February 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in December to a level of 108.6. December's reading was 25 percent higher than the...
Comerica Bank
February 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in December to 126.7. December's index reading was 18 percent above the recent low of...
Comerica Incorporated
February 2, 2021
www.prnewswire.com:443
/PRNewswire/ -- For the third consecutive year, Comerica Incorporated (NYSE: CMA) earned a place on the 2021 Global 100 list of the most sustainable...
Comerica Bank
January 29, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in November to a level of 104.4. November's reading is 15 percent above the...
Comerica Bank
January 29, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in November to a level of 106.3. November's reading was 22 percent higher than the...
Comerica Bank
January 29, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in November to 123.8. November's index reading was 30 percent above the index...
Comerica Bank
January 8, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank and Comerica Charitable Foundation announced today contributions of nearly $240,000 to 11 nonprofit organizations to support food...
Comerica Bank
January 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in October to 121.1. October's index reading was 27 percent above the index historical...
Comerica Bank
January 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in October to a level of 101.0. October's reading is 12 percent above the...
Comerica Bank
January 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in October to a level of 106.2. October's reading was 22 percent higher than the...
Comerica Bank
December 21, 2020
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank announced today it is investing $250,000 in Community Development Financial Institution (CDFI) DreamSpring to help small...
Comerica Bank
December 18, 2020
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank announced more than $1 million in contributions split among six California nonprofits helping to facilitate critical support for...
Comerica Incorporated
December 17, 2020
www.prnewswire.com:443
/PRNewswire/ -- Comerica Incorporated (NYSE: CMA) and its commitment to corporate responsibility is closing out 2020 with high marks from Newsweek and CDP. For...
Comerica Bank
December 1, 2020
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in September to a level of 97.7. September's reading is 8 percent above the...
Comerica Bank
December 1, 2020
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in September to 119.0. September's index reading was 25 percent above the index...
Comerica Bank
December 1, 2020
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in September to a level of 105.6. September's reading was 22 percent higher than the...
Comerica Bank
November 20, 2020
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank today announced a $100,000 donation to longtime community partner Capuchin Soup Kitchen, a nonprofit organization that has served...
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