Comerica Bank is a Texas based financial services company having several branch locations in Michigan, California, Arizona, and Florida also. It is regarded as the largest bank in Texas, but it has more locations in Michigan than in Texas. The corporate headquarters is in Dallas, Texas. Primarily a commercial bank providing services in retail banking and wealth management, it has other businesses as well, such as Fiduciary Services, Institutional Trust, etc in other US states. The commercial banking services of Comerica Bank are also available in Canada and Mexico.
The bank has to offer banking and financing solutions to individuals, businesses and corporate organizations. It also offers loans, credit cards and lines of credit for personal or business use. Checking and Savings account, CDs, Investment banking, Insurance, etc are other services available for individuals. For businesses and corporate people, Comerica offers cash management, treasury management, institutional services, business services and many other specialized products and services. Under its wealth management portfolio, the bank offers wealth planning, private banking, trust services, investments and insurance services.
Comerica Bank has origin in Detroit, Michigan where it was founded as the Detroit Savings Fund Institute in 1849. The company continued to exist against all odds and was able to merge with a number of the other banks to form The Detroit Bank & Trust Company in 1956. With a change in its name to Comerica Bank in 1980, the bank stepped out of the state for the first time to enter the Florida market. Later it entered other markets including that of Texas. It was in 2007 that the company decided to move its headquarters from Detroit to Dallas.
|Bank Name||Comerica Bank|
|Year of Establishment||3/5/1849|
|FDIC Insured Since||01-01-34|
|FDIC Certificate No||983|
|Number of Branches||478 domestic + 1 foreign|
|Number of ATMs||603|
|Number of Employees||8,130|
|Number of States Served||5 States|
|Services Offered (Available Accounts)||Checking, Savings, CDs, Debit Cards, Credit Cards|
|Mobile and Online Banking||Bill Pay, Text Banking, Fund Transfer|
|Assets (Dec 31, 2015)||71,877,743|
|Deposits (Dec 31, 2015)||64,400,725|
|Equity Capital (Dec 31, 2015)||7,477,018|
|Net Income (Dec 31, 2015)||143,245|
|Primary Federal Regulator||Federal Reserve Board (FRB)|
|Address||1717 Main Street, Dallas, TX 75201|
|Phone||800-266-3742 (Eastern), 800-925-2160 (Central), 800-522-2265 (Mountain/Pacific)|
(Courtesy: FDIC as on Dec 31, 2015)