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Correspondent Banking
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.
Advisors, not just bankers
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:
Dedicated relationship officers
Partner with experts whose sole mission is to work with financial institutions.
Complete access
Our customer service teams, who are consistently rated very highly in customer satisfaction, are always available.
Research team
Get complete access to our research professionals, supported by a seven-year, all-items image archive.
Internal/external online request tracking
Our experienced research staff is standing by to support your needs.
Correspondent banking specialists
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.
A higher level of services and solutions
Our Financial Institutions Group can provide you with an impressive range of banking solutions, including:
Loans¹
Comerica offers loan participation, asset-based lending and holding company loans.
International services
We provide letters of credit and foreign exchange.
Funds transfer services
- Wire transfers — foreign and domestic
- Automated Clearing House (ACH)
- Real-time payments
Cash vault services
Comerica offers full cash order and cash deposit processing services.
- Purchasing
- Travel and entertainment
- Fleet
- Stored value
Information and balance reporting services
- Comerica Treasury Management
- Connect Web®
- Daily statements available online
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.
Trust services
Get safekeeping custodial servicing for investment portfolios, pension and profit sharing, and 401(k) plans.
Escrow services
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.
Economic Commentary
Maximize your opportunities
Get your complimentary consultation from the Leading Bank for Business.
Contact Comerica at 888-404-6961.
*Comerica ranks first nationally among U.S. bank holding companies with greater than $70B in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of March 31, 2025. Data provided by S&P Global Market Intelligence.
1Loans subject to credit approval and maximum loan amounts may apply.