CMA Profile
Comerica Incorporated, headquartered in Dallas, Texas, is a diversified financial services company that operates through multiple segments to provide a broad range of products and solutions. Established in 1849 and formerly known as DETROITBANK Corporation, Comerica serves clients across Texas, California, Michigan, Arizona, Florida, Canada, and Mexico.
The company's Commercial Bank segment focuses on serving small to middle market businesses, multinational corporations, and governmental entities. It offers a comprehensive suite of financial products including commercial loans, lines of credit, cash management services, capital market products, and international trade finance solutions. Additionally, the segment provides specialized services such as letters of credit and loan syndication.
Comerica's Retail Bank segment caters to individual consumers with a wide array of personal financial services. These include consumer lending, mortgage loan origination, deposit gathering, and various consumer products such as credit cards, student loans, home equity lines of credit, and residential mortgage loans. The segment also supports micro-businesses with tailored commercial banking products and services.
In the Wealth Management segment, Comerica offers comprehensive financial planning and advisory services, including fiduciary services, private banking, retirement planning, investment management, and investment banking and brokerage services. This segment also markets insurance products including annuities, life insurance, disability insurance, and long-term care insurance.
Comerica's Finance segment engages in securities portfolio management and asset and liability management activities, further enhancing its financial capabilities and ensuring effective management of its financial assets. With a rich history spanning over a century and a strong regional presence, Comerica remains committed to delivering innovative financial solutions and superior customer service to meet the evolving needs of its diverse client base.
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