Comerica Inc
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Financials : Banks | Mid Cap Blend
Company profile

Comerica Incorporated is a financial holding company. Its Commercial Bank segment serves small and middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. Retail Bank segment includes a range of personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The segment also offers a subset of commercial products and services to micro-businesses. Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. Finance segment includes the securities portfolio and asset and liability management activities.

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Volume:
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10-day average volume:
863,463
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Comerica Bank Selected as 2022 LiFE Award Winner by Texas Bankers Foundation for Third Consecutive Year

8:28 pm ET June 10, 2022 (PR Newswire) Print

Comerica Bank has been selected as a recipient of the Leaders in Financial Education (LiFE) Award for the third consecutive year by the Texas Bankers Foundation (TBF). The honor was announced at the Texas Bankers Association's 137th Annual Convention during a special awards luncheon.

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The Leaders in Financial Education Award (LiFE) acknowledges and honors Texas banks that are dedicated leaders in promoting consumer and financial education in their communities. This year, the TBF recognized Comerica and its longtime community partner Project Still I Rise for the Banks for Babies program delivered to various Head Start of Greater Dallas campuses in the southern sector of Dallas (Early Head Start at Wanda Meshack Smith, Early Head Start at Buckeye Trail Commons and Early Head Start at Margaret H. Cone and Lake June).

"Building a healthy relationship with money early is vital in closing the generational wealth gap and creating economic opportunity for future generations," said Dallas Market President Amanda Mahaney. "Research shows that there is a direct correlation between students who have access to financial education resources and their future success. Our North Texas External Affairs Manager Brandon Jones partners with innovative leaders like Project Still I Rise executive director Kevin Mondy to empower youth from under-resourced communities."

Mahaney has joined Jones and Mondy in teaching preschoolers the fundamentals of savings and goal setting through an interactive coloring activity. The students are then presented with a piggy bank and a dollar coin to start their savings goals.

"It is our great pleasure to recognize Comerica Bank," said Chris Furlow, President & CEO of the Texas Bankers Association. "These awards celebrate the banks and bankers who have made a commitment to positively impact their communities. We are honored to congratulate them on their efforts."

Close to 1,000 preschoolers have completed the Banks for Babies program and plans are in place to engage other head start locations in 2022.

For further information about the Texas Bankers Foundation, visit www.texasbankers.com/Foundation and check out Texas Banking Magazine, the official publication of the Texas Bankers Association, that includes a special feature on the 2022 winners.

About Comerica BankComerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. 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 reported total assets of $89.2 billion as of March 31, 2022.

About Texas Bankers Association Founded in 1885, the Texas Bankers Association (TBA) is the oldest and largest state banking association in the United States. TBA advocates for its members in Austin and Washington; trains more than 10,000 community bankers annually; provides nationally-recognized banking products and services; and proudly invests in Texas communities through financial literacy, scholarship and charitable activities.

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SOURCE Comerica Bank

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