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Finally, in 1982, the ultimate and still current name in use today came: Comerica Incorporated. Starting in the early 1980s and continuing throughout the 1990s until the early 2000s, Comerica made a series of restructuring strategies, including acquiring the Bank of the Commonwealth of Michigan, Grand Bancshares, Plaza Commerce Bancorp, Bancshares, and Imperial Bank of California; constructing of a new headquarters building, the ''One Detroit Center''; merging with the Manufacturers National Corporation and selling its entire state of Illinois operations to the LaSalle Bank.
One of the most crucial points in Comerica's history was in 2007 when the corporate headquarters were moved to Dallas, Texas. Four years later, Comerica acquired Texas-based Sterling Bank for more than $1 billion dollars. Today, Comerica Bank nearby has branches operating in Michigan, California, Arizona, Texas, and Florida.
Now onto some numbers regarding the closest Comerica Bank: Currently being 169 years old, the numbers of branches in all locations served are now a total of 591, and with a grand total of over 8,000 employees, Comerica had in 2017 a net income of $743 million dollars, assets in the value of more than $71 billion dollars, and total equity of almost $8 billion dollars. With cost-cutting always in mind, the CEO, Ralph Babb, announced in 2017 a plan to reduce their office space to 500,000 square ft, which in turn will save $7 million dollars in 2018.
For personal banking, Comerica offers checking and savings accounts; Home loans, vehicle loans, personal loans, and student loans; Brokerage services for your investments and asset management; and insurances for your properties, vehicles, life, and health. And for business, Comerica can aid in various services such as Equipment leasing; Processing card payments; Remote check deposits; ACH and wire transfers; Fraud protection; Liability insurance; and assistance with commercial real estate. Comerica Bank also makes assistance available for wealth management, whether you need help with your estate organization, asset allocation, or planning for retirement.
Comerica Bank near you is compromised to assist in fostering the growth of local and regional businesses in all locations served and to support the community, thus resulting in the creation of a program called "The Comerica Supplier Diversity Program", in which business entities qualified to be part of Comerica's business partner network, are owned, operated and controlled by at least 51% by American citizens of a notable population minority, being those: African Americans, Hispanics, Asians, Native Americans, persons with any disability, women, war veterans and LGBTs. Comerica also endorses diverse organizations of many of those same minorities, particularly regional Development Councils and Chambers of Commerce.
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