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In both times of uncertainty and times of optimism, Comerica’s unwavering focus on building stable, successful relationships has allowed us to deliver value to our customers for nearly 174 years. Since our founding in 1849, Comerica has never lost sight of the principles that have helped us grow from a small Detroit savings and loan to one of the most respected banks in America.
Comerica was recently recognized by Coalition Greenwich with 17 Greenwich Excellence and Greenwich Best Brand Awards in 2022 for Middle Market and Small Business Banking. These recognitions speak to our strong focus on creating deep, long-lasting relationships, and our commitment to understanding and listening to our customers. With expertise spanning a number of different industries and markets, our bankers have the knowledge and skills needed to refine solutions tailored to meet the needs of those we serve.
A cornerstone of Comerica’s business model is our credit discipline. We have consistent, conservative underwriting standards and balanced exposure to a wide variety of industries across multiple markets, helping to minimize the impact of economic downturns. We’re also intentional in our avoidance of many higher risk products and portfolios, such as subprime loans.
As a regional bank, Comerica occupies a unique niche within the banking industry, combining a number of “big bank” products and services with a more localized and personalized touch reminiscent of community institutions. We’re focused on delivering tremendous value to both our customers and the communities we serve. As we like to say, we’re a bank that’s big enough to matter, but small enough to care.
Comerica offers its financial services and expertise to some of the fastest growing and most vibrant regions in America. We have offices in 17 states and services in 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Additionally, we operate more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Recent expansion efforts into the Southeastern U.S. have included establishing commercial offices in North Carolina and South Carolina, plus a new private banking office in Georgia. And we are making new investments into the Mountain West region of the United States. With our diversified geographic footprint, Comerica is well positioned to capitalize on opportunities from coast to coast.
Through more than 174 years of economic and societal change, Comerica Bank leads with strength and resilience.
1849 – Founded as the Detroit Savings Fund Institute
1871 – Incorporates as Detroit Savings Bank
1936 – Perseveres through the Great Depression to become The Detroit Bank
1956 – Merges with Michigan banks to form the Detroit Bank & Trust
1971 – Introduces ATMs to Detroit branches
1979 – Offers trust services in Florida
1982 – Comerica Incorporated is established
1988 – Strengthens Sunbelt presence by expanding to Texas
1991 – Expands into California with new acquisitions
2001 – Acquires Imperial Bank in California and its Arizona branches
2007 – Opens new centralized headquarters in Dallas, Texas
2011 – Continues Texas expansion with Sterling Bancshares acquisition
2020 – Provides $27 million in COVID-19 relief and $3.9 billion for paycheck protection program
2021 – Expands in North Carolina with creation of new Southeast Market
2023 – Named one of “America’s Most Responsible Companies” by Newsweek
*Comerica ranks first nationally among U.S. financial holding companies with greater than $60B in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of June 30, 2023. Data provided by S&P Global Market Intelligence.
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