Frequently Asked Questions

Comerica was founded in 1849 in Detroit, Michigan, as the Detroit Savings Fund Institute. It operated from a hardware store basement and initially served the city's growing industrial workforce.

The name 'Comerica' was created in 1982 as a combination of the words 'commerce' and 'America,' reflecting the bank's commercial banking focus and its American heritage. The name was adopted when the bank was preparing to expand beyond its Michigan roots.

Comerica is currently headquartered in Dallas, Texas. The bank relocated its corporate headquarters from Detroit to Dallas in 2007, though it maintains significant operations in Michigan.

Comerica relocated its headquarters to Dallas in 2007 to position itself in a high-growth market with a favorable business climate. The decision was influenced by Texas's growing economy, central geographic location for Comerica's operations, and the bank's strategic focus on diversifying beyond the Michigan market.

Yes, Comerica remains an independent financial institution. It operates as a publicly traded company listed on the New York Stock Exchange under the ticker symbol 'CMA'.

Comerica ranks among the 25 largest U.S. financial holding companies, with assets exceeding $80 billion. While not among the largest banks nationally, it is considered a significant regional bank with operations in several key markets.

Comerica's primary markets are Texas, Michigan, California, Florida, and Arizona. The bank maintains a significant presence in Detroit despite moving its headquarters to Dallas, and has strategically expanded in high-growth regions.

Historically, Comerica has focused on commercial banking, particularly middle-market businesses. Today, it operates through three main segments: Business Bank (its largest segment), Retail Bank, and Wealth Management. The bank has specialized expertise in several industries including technology, environmental services, and healthcare.

Yes, Comerica received $2.25 billion from the U.S. Treasury's Troubled Asset Relief Program (TARP) during the 2008 financial crisis. However, the bank repaid these funds in full by 2010, earlier than many other financial institutions.

This website provides factual, educational information about Comerica Bank's historical development and institutional evolution. It is designed as an informational resource and is not affiliated with, endorsed by, or connected to Comerica Bank.