Comerica Bank

Comerica Incorporated is a multi-faceted company focusing in financial services. Headquartered in Dallas, Texas, USA, the financial firm provides various banking and financial services to its markets. Through Comerica bank, the financial services company operates in three business areas: Retail Bank, The Business Bank and Wealth and Institutional Management.

Comerica Bank can provide personal finance services and products that can include banking, loans and credit cards, insurance and investment services. It also offers different lines of products and services for its small business market. Small business banking, cash management, business services and loans and lines of credit are some of its offers for business managers and owners.

Moreover, Comerica bank can provide diversified financial services aside from banking to its corporate clients. It can render treasury management services, lending and leasing services and products and specialized industry expertise.

Its wealth management lines of services can provide clients with personalized expert views and advices regarding financial planning and investments. It can also impart professional services regarding risk management and Trust to its individual, business and corporate clients.

Comerica Bank administers its services through branch banking and automated teller machine. Clients can make inquiries about the products of the bank through dialing a call center agent. The customer service representative can also help in the dealing of Comerica Bank credit cards.

Moreover, Comerica bank online banking is the latest means of transaction with the bank. The online banking has different accounts for various types of customers. This is integrated in Comerica Bank website on the internet. It can enable clients to make banking transactions and payment of bills and taxes. The e-banking can also cater to personalized services offered by the bank to its high-end customers.

The different products and services of the bank can be found in its geographical market segments. Comerica bank locations can be found at the southern states of America. It has Texas market, California or Western market, Michigan market and Florida market. These markets serve its corresponding states and have branches in their key cities. Other representative offices of the bank can be found in other states besides its four American geographic markets.

Furthermore, Comerica Bank caters its global services through other branches and offices. It has branches in Canada and a representative office in Mexico.

Comerica Bank performs its other financial services such as insurance, brokerage, asset management, securities services through its subsidiaries. Comerica Incorporated subsidiaries can include Comerica Securities; Comerica Leasing Services; Comerica Insurance Services; Comerica West Incorporated, Wilson, Kemp &Associates, Inc.; World Asset Management, Inc. and W.Y. Campbell & Company.

Comerica bank has over 150 years of banking history. Just like any other major banks in the United States, Comerica Bank is a product of amalgamated companies. The merger of Manufacturers National Corporation and Comerica Incorporated has made the new company among the largest financial institutions in the United States.

Likewise, the bank has also been through different names. Its origin came from Detroit Savings Fund Institute established by Elon Farnsworth. Its first headquarter was situated in Detroit since its inception in 1849 until the early months of 2007. It has changed to Detroit Savings Bank to Detroit Bank in the year 1933, the time when Great Depression struck United States. The bank survived the market crash event in America.

The company was renamed to Detroit Bank and Trust Company after the consolidation of Birmingham National Bank, Detroit Wabeek Bank and Trust Company, Ferndale National Bank and Detroit Bank. The company retained that name until the adoption of Comerica Incorporated in 1982.

Comerica Bank through Comerica Incorporated is a publicly listed corporation in the New York Stock Exchange. As of September 30, 2005, the company has a total asset amounting 54 billion dollars.