If you find yourself faced with complex financial transactions that require the expertise of a truly independent third party, our Special Corporate Financial Services (SCFS) proactively helps customers by designing powerful solutions.

Staffed with seasoned escrow professionals, experienced funds management operations staff, and other financial transaction problem solvers, SCFS offers a wide range of transaction facilitation via escrow accounts.

We’ve taken the escrow concept and customized it far beyond its real-estate roots to suit the needs of clients who require an objective third party to facilitate and protect parties in a financial transaction. Some examples include:

  • For law firms, we can provide escrow solutions for cash settlements and court awards.
  • For merger and acquisition situations and corporate divestitures, we offer warranty and indemnification services, stock redemption/stock swap/stock purchase, as well as key management retention packages and severance package escrows.
  • For the securities industry, we provide a variety of Special Reserve and other SEC-compliant depository services.
  • For real property transactions, we act as a 1031 Exchange Qualified Intermediary. A 1031 Exchange allows an investor, like you, to dispose of an existing real property for another “like-kind” investment, by deferring income on the transaction. Comerica will hold Relinquished Property sale proceeds and disburse to purchase Replacement Property. Funds are held in an FDIC insured depository account, and we will provide all the necessary documents. 
  • We provide cost-saving alternatives to letters of credit situations, set up stock subscription and private placement services, and create deferred commission payment services.

As part of one of the nation’s largest financial institutions, SCFS can provide “one-stop” shopping for all your finance and banking requirements.

For more information, contact Comerica’s Special Corporate Financial Services today at 800.710.8597.