Summary
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Comerica Hatch Detroit Contest by TechTown reveals 10 semifinalists vying for $100,000 grand prize
Top 10 entrepreneurs vie for $100,000 prize from Comerica Bank as public voting begins DETROIT , May 15, 2025 /PRNewswire/ -- The Comerica Hatch Detroit Contest by TechTown, the small business competition behind many of Detroit's most popular neighborhood storefronts, is unveiling its Top 10 semifinalists. These entrepreneurs will go head-to-head over the coming weeks, competing to win $100,000 in startup funds from Comerica Bank to open a brick-and-mortar storefront in Detroit, Hamtramck or Highland Park.
Comerica Bank Swings Big to Support Small Business Growth with $250,000 Contribution to Community Organizations
Small Business Community Incubators to receive $50,000 each for assisting entrepreneurs in five Comerica markets DALLAS, May 5, 2025 /PRNewswire/ -- Comerica Bank is taking a big swing during National Small Business Week (May 4-10) to support small business incubation by contributing $250,000 to community organizations focused on entrepreneurial development, growth, education and empowerment. The five nonprofit organizations, each receiving a $50,000 contribution from Comerica Bank, include: Impact Ventures (Dallas, Texas), Pacific Asian Consortium in Employment (Los Angeles, California), TechTown Detroit (Detroit, Michigan), Women's Business Enterprise Alliance (Houston, Texas), and Working Solutions CDFI (San Francisco, California).
Comerica Announces Results from Annual Shareholders' Meeting
DALLAS , April 29, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the results of three proposals at today's annual meeting of shareholders. Comerica Incorporated shareholders elected the following directors to the Board of Directors for one-year terms: Arthur G.
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Comerica Inc. Profile
| Banks - Regional Industry | Financial Services Sector | Mr. Curtis Chatman Farmer CEO | NYSE Exchange | 200340107 Cusip |
| Germany Country | - Employees | 14 Mar 2025 Last Dividend | 2 Apr 1998 Last Split | 26 Mar 1990 IPO Date |
Overview
Comerica Incorporated, a financial services company, has been facilitating a broad spectrum of financial products and services through its subsidiaries. Operating in a diversified structure, it caters to various sectors including commercial, retail, wealth management, and finance. Originally known as DETROITBANK Corporation, its roots date back to 1849, marking a long-standing presence in the financial industry. The company transitioned to its current name in July 1982, highlighting its evolution and growth over the years. Headquartered in Dallas, Texas, Comerica has expanded its operational reach to include key states within the United States such as Texas, California, Michigan, Arizona, and Florida, alongside an international footprint in Canada and Mexico.
Products and Services
Comerica Incorporated's diverse range of financial products and services is classified into four main segments:
- Commercial Bank: This segment is tailored for small to middle market businesses, multinational corporations, and governmental entities. It includes:
- Commercial loans and lines of credit for business expansion and operational needs.
- Deposits, offering various savings and investment options.
- Cash management services to optimize cash flow.
- Payment solutions, card services, and capital market products.
- International trade finance, letters of credit, foreign exchange management services, and loan syndication.
- Retail Bank: Catering to individuals, this segment provides:
- Consumer lending programs including installment loans, credit cards, student loans, and mortgage originations.
- Consumer deposit gathering, offering an array of saving and checking accounts.
- Home equity lines of credit and residential mortgage loans for personal homeownership and financial flexibility.
- Wealth Management: This segment offers comprehensive services for affluent, high-net worth and ultra-high-net worth individuals, families, business owners, executives, and institutional clients, which include:
- Financial planning to align financial goals with actual outcomes.
- Trust and fiduciary services for asset protection and legacy planning.
- Investment management and advisory services for wealth accumulation and preservation.
- Brokerage services to facilitate trading and investments.
- Private banking for personalized financial services.
- Business transition planning to ensure smooth succession and business continuity.
- Finance: This segment is dedicated to managing the company's securities portfolio, asset, and liability management activities, ensuring balanced financial health and securing the interests of stakeholders.
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