Comerica Incorporated is a financial holding company, providing financial products and services throughout North America. As of the end of 2007, Comerica Incorporated, through its banking affiliates, operated approximately 482 banking centers, trust services locations, and loan production or other financial services offices primarily in the states of Texas, Michigan, California, and Florida. The company is headquartered in Dallas, Texas.
Despite the recent economic troubles, Comerica remains profitable, largely because it refused to offer subprime loans. In the third quarter of 2008, Comerica produced a net income of $28 million. Through the Treasury’s Capital Purchase Program, Comerica will receive $2.25 billion in exchange for 2.25 million shares of the company’s preferred stock.
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Bank Bio Chart | Financial Documents | Federal contracts
Lobbying reports | Political Contributions | Related Articles
Bailout Bank Bio: Comerica Incorporated
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Federal Equity Investment |
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Total Revenue |
$4.62 billion (2007) |
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Net Income |
$686 million (2007) |
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Number of Employees |
10,347 |
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Corporate Headquarters |
Dallas, Texas |
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Business Sector |
Financial |
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Officers and Directors |
Babb, Ralph, Chairman of the Board, President, Chief Executive Officer |
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Corporate Website |
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Executive Compensation |
USAspending.gov (last accessed 03/26/2009)
No lobbying documents located.
Center for Responsive Politics (last accessed 01/27/2009)
December 5, 2008 Comerica to stay in FDIC liquidity program Bizjournals.com
November 25, 2008 EDITORIAL: Citi slickers and other slackers Washington Times
November 25, 2008 Bailout money is reaching some local banks WZZM, MI
Last Updated March 26, 2009
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