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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 select 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 $41.1 billion in total core deposits as of June 30, 2011; it
is the largest bank-holding company headquartered in Texas. The company's
operating units include the Business Bank, the Retail Bank, and Wealth
Management.
Employing
9,100 people, its major operations are located in Dallas; Detroit, Michigan;
and Auburn Hills, Michigan. Ralph Babb is the Chairman of the Board of
Directors and Chief Executive Officer; Karen Parkhill is the Chief Financial
Officer Comerica Incorporated
Type Public
Traded
as
NYSE:
CMA
S&P
500 Component
Industry • Banking
• Financial services
Founded Detroit, Michigan, United States
(1849 as Detroit Savings Fund Institute)
Headquarters Comerica Bank Tower
Dallas,
Texas, United States
Number
of locations 511 (December 2010)
Key
people • Ralph Babb, Chairman,
President and Chief Executive Officer
• Lars Anderson, Vice Chairman
Services • Commercial baking
• Retail banking
• Wealth management
Revenue US$ 2.642 billion (2010)
Operating
income
US$ 1.640 billion (2010)
Net
income
US$ 227 million (2010)
Total
assets
US$ 53.667 billion (2010)
Total
equity
US$ 5.793 billion (2010)
Employees 8,636 (December 2010)
Website comerica.com
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