Company Overview

Comerica, originally called Detroit Savings Fund Institute, was founded in 1849, with only six customers and receipts totaling $41 on its first day. Today, Comerica is a banking and financial services behemoth. The firm is organized into three operating units. The Business Bank is involved in middle-market lending, asset-based lending, large corporate banking, international financial services, and specialty businesses, including technology and life sciences, specialty deposit gathering and entertainment lending. The Investment Bank is responsible for institutional trust products and retirement services and provides investment management and advisory services, investment banking, and discount securities brokerage services. The Individual Bank offers consumer services such as lending, mortgage services, credit cards, and private banking. Comerica has international operations in Hong Kong, Mexico, Brazil, and Canada.