Comerica Web Banking General Information Updated 2022
Comerica Web Banking General Information Updated. This article will provide a summary of the bank’s history, services offered, and FAQs.
About Comerica Bank
Comerica Incorporated is a financial services firm based in Dallas, Texas. It has retail banking operations in Texas, Michigan, Arizona, California, and Florida, as well as select business operations in a number of additional states, Canada, and Mexico.
The bank previously sponsored Comerica Park in Detroit and the Comerica Theatre in Phoenix. Comerica also supported the Comerica Bank New Year’s Parade in Dallas from 2007 to 2010.
Comerica Bank operates 442 branches. Their corporate address is 1717 Main Street in Dallas, Texas.
History of Comerica Bank
- Elon Farnsworth established the Detroit Savings Fund Institute in 1849 in Detroit. In 1871, it was known as The Detroit Savings Bank, and in 1936, it was renamed The Detroit Bank.
- Comerica first joined the Florida market in 1982.
- One Detroit Center, Comerica’s new headquarters building, was approved for construction in 1990.
- By purchasing Plaza Commerce Bancorp and InBancshares in 1991, the bank expanded to California.
- Manufacturers National Corporation, a similarly sized Detroit-based bank, merged with the bank in 1992.
- The bank sold its Illinois unit to ABN Amro, the parent company of LaSalle Bank, for $190 million in 1996.
- In 1998, the bank agreed to pay $66 million for the naming rights to Comerica Park in downtown Detroit, home of the Major League Baseball Detroit Tigers.
- The bank struck a partnership with MBNA after selling its credit card operations to the corporation in 2000.
- The bank paid $1.03 billion for Sterling Bank of Texas in July 2011.
- In 2017, the bank announced ambitions to cut 500,000 square feet from its office space, saving $7 million in 2018.
- Comerica hired Megan Crespi in March 2020 as an executive vice president and chief enterprise technology and operational services officer.
- The bank declared in May 2021 that it would lend $5 billion to small businesses between 2021 and 2023.
- 1/16/22: Comerica Commercial Bank has $90 billion in assets as its stock is traded and recommended by the internet daily.
- On January 21, 2022, Comerica announced the appointment of William (Bill) Adams as their new chief economist.
Read more: Comerica Web Banking Login,
Product and Service
Services will be grouped into four major categories, which are as follows.
- Savings Accounts
- CD Accounts
- Online and Mobile Banking
- Home Loans
- Personal/ Students & Auto Loans
- Education Savings and 529 plans
- Comerica Securities, Inc.
- Additional Insurance Option
- Cash Management
- Credit Cards
- Online Banking
- Mobile Banking
- InsuranceBusiness Perks
- Resources for Diverse Businesses
- Paycheck Protection Program
- Cash Management Solutions
- Global Solutions
- Institutional Solutions
- Employee Banking
- Special Corporate Financial Services
- Raising Capital
- Investment Banking
- Southeast Market
- Paycheck Protection Program
- Apparel and Textile
- Captive Insurance
- Community Development Lending and Investing
- Correspondent Banking
- Environmental Services
- Equity Funds Services
- Food and Beverage
- Life Sciences
- Mortgage Warehouse Finance
- New Automotive Dealers
- Taft-Hartley Services
- Title and Escrow
- Private Wealth Management
FAQs: Comerica Web Banking
What type of bank is Comerica?
Comerica Bank, headquartered in Dallas, Texas, is a commercial bank. Main banking, retail banking, and wealth and institutional management are the three business segments of the bank. Personal banking services such as savings accounts, loans, credit cards, and insurance are also available.
How many states is Comerica?
Aside from Texas, Comerica Bank has locations in Arizona, California, Florida, and Michigan, with select businesses in numerous additional states, as well as Canada and Mexico.
What did Comerica Bank use to be called?
On August 17, 1849, Comerica, then known as the Detroit Savings Fund Institute, opened its doors to a city teeming with shipyards, river trade, sawmills, horse propelled carriages, and dirt roads.
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