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Comerica Incorporated is an American
financial-services company headquartered in Dallas, Texas. It has
retail-banking operations in Arizona, California, Florida, Michigan and Texas;
and selects business operations in several other U.S. states, as well as in
Canada and Mexico.
It is among the 25-largest banking companies in the
U.S., and had $54.1 billion in total assets and $41.1 billion in total core
deposits as of June 30, 2011; it is the largest bank-holding company
headquartered in Texas. The company's operating units include the Business
Bank, the Retail Bank, and Wealth Management.
Employing 9,100 people, its major operations are
located in Dallas; Detroit, Michigan; and Auburn Hills, Michigan. Ralph Babb is
the Chairman of the Board of Directors and Chief Executive Officer; Karen
Parkhill is the Chief Financial Officer
Type Public
Traded as
NYSE: CMA
S&P 500 Component
Industry • Banking
• Financial
services
Founded
Detroit, Michigan, United States (1849 as Detroit Savings Fund
Institute)
Headquarters
Comerica Bank Tower
Dallas, Texas, United States
Number of locations 511 (December 2010)
Key people
• Ralph Babb, Chairman, President and Chief Executive Officer
• Lars
Anderson, Vice Chairman
Services • Commercial baking
• Retail
banking
• Wealth
management
Revenue US$ 2.642 billion (2010)
Operating income
US$ 1.640
billion (2010)
Website
comerica.com
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US-MI-Muskegon
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US-California-Costa Mesa
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