Comerica Incorporated is a financial services company headquartered in Dallas, Texas, strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth Management. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica's reach extends beyond the U.S. border.
Comerica Bank and subsidiaries comprise the Comerica Incorporated family, offering a broad spectrum of products and services to the customers.
It is among the 25-largest U.S. banking companies, and had $62.9 billion in total assets, $44.8 billion in total loans, and $51.4 billion in total deposits as of June 30, 2013. It is the largest U.S. bank headquartered in Texas. The company's operating units include the Business Bank, the Retail Bank, and Wealth Management.
Employing nearly 9,000 people, its major operations are located in Dallas; Detroit; and Auburn Hills, Michigan. Ralph Babb is the Chairman of the Board of Directors and Chief Executive Officer; Karen Parkhill is the Chief Financial Officer.
In 2012, Comerica provided more than $9 million to not-for-profit organizations in its markets. Its employees raised more than $2 million for the United Way and Black United Fund, and donated their personal time with more than 71,000 hours spent helping to make a positive difference in the communities it serves.
Comerica Bank, MasterCard, and the U.S. Treasury Department teamed up in 2008 to create the Direct Express Debit MasterCard prepaid debit card. The federal government uses the Express Debit product to issue electronic payments to people who do not have bank accounts, who are often referred to collectively as the “unbanked”. Comerica Bank is the issuing bank for the debit card.
Comerica Bank
1717 Main Street, Dallas, TX, 75201
(214) 462-4000
