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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.

Invested in

Patents

Funding Rounds Participated In

Further Resources

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News

Title
Author
Date
Publisher
Description
Comerica Bank
June 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's California Economic Activity Index increased in April to a level of 110.9. April's reading is 19.6 percent above the historical...
Comerica Bank
June 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Texas Economic Activity Index increased in April to 117.5. April's index reading was 18.4 percent above the recent low of 99.2...
Comerica Bank
June 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank's Michigan Economic Activity Index increased in April to a level of 105.9. April's reading was 23.4 percent higher than the...
Comerica Bank
June 16, 2021
www.prnewswire.com:443
/PRNewswire/ -- Comerica Bank and its ongoing commitment to improving the communities it serves received national recognition as it has been named a 2021...
Cooper-Standard Holdings Inc.
June 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- Cooper-Standard Holdings, Inc. (NYSE: CPS) (the "Company") is pleased to announce the addition of Christine M. Moore to its Board of Directors...
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References

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