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At Comerica, we’ve become the banks’ bank by becoming a leader in correspondent services.
From liquidity needs to items processing to treasury management, our dedicated Financial Institutions Group brings decades of experience.
The focus of Comerica’s Financial Institutions Group is relationship banking. Our dedicated team is committed to helping our clients and their customers succeed.
As a Comerica correspondent banking customer, you’ll have the following advantages:
Partner with experts whose sole mission is to work with financial institutions.
Our customer service teams, who are consistently rated very highly in customer satisfaction, are always available.
Get complete access to our research professionals, supported by a seven-year, all-items image archive.
Our experienced research staff is standing by to support your needs.
With a long history in correspondent banking, we’ve developed the infrastructure and expertise necessary to support all of your needs.
Our detailed reporting and experienced staff understand the unique requirements of financial institutions — and how those needs differ from corporate customers.
Our Financial Institutions Group can provide you with an impressive range of banking solutions, including:
Image Cash Letter Processing
Your items are cleared using fast, cost-effective options; our large-volume operation ensures highly competitive per item pricing and availability on your deposit.
Comerica offers loan participation, asset-based lending and holding company loans.
We maintain federal funds limits to allow you to buy and sell funds to meet your daily liquidity requirements.
We provide letters of credit, foreign exchange, items sent for collection, foreign cash letters and banker’s acceptance.
Funds Transfer Services
Cash Vault Services
Comerica offers full cash order and cash deposit processing services.
Information and Balance Reporting Services
Lockbox Reporting Services
Comerica offers both high-speed coupon processing and customizable invoice processing to meet your accounts receivable needs.
Additionally, we handle your customers’ invoice processing needs on your behalf. This is an inexpensive way for you to expand the services you provide to your business clients.
Get safekeeping custodial servicing for investment portfolios, pension and profit sharing, and 401(k) plans.
For merger and acquisition situations and corporate divestitures, SCFS offers services that facilitate our customers’ “warranty and representation” and indemnification obligations, safekeeping/custody services for stock certificates and source codes, stock redemption/stock swap/stock purchase, plus key management retention packages and severance package escrows.
Get your complimentary consultation from the Leading Bank for Business.
Contact Comerica at 888-404-6961.
*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 December 31, 2022. Data provided by S&P Global Market Intelligence.
1Loans subject to credit approval and maximum loan amounts may apply.