Comerica Incorporated is a financial services company headquartered in Dallas, strategically aligned into three major business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management.
Chronological Historyof Comerica
Comerica forerunner Detroit Savings Fund Institute founded by Elon Farnsworth on March 5th. It took in $41 in deposits on the first day of business.
Company name changed to The Detroit Savings Bank.
Manufacturers National Bank of Detroit founded; Comerica 1992 merger partner.
Company name changed to The Detroit Bank.
The Detroit Bank, The Birmingham National Bank, Ferndale National Bank, and Detroit Wabeek Bank and Trust Company were consolidated to form The Detroit Bank & Trust Company.
A holding company, DETROITBANK Corporation, was formed in response to changes in bank regulations.
Corporation changed name to Comerica Incorporated.
Comerica entered Florida market by forming Comerica Trust Company of Florida, N.A.
Manufacturers National Corporation, a future merger partner of Comerica, entered the Illinois market by acquiring Affiliated Banc Group, Inc. The affiliate became known as Comerica Bank-Illinois.
Comerica entered the Texas market by acquiring Grand Bancshares, Inc. The affiliate is now known as Comerica Bank-Texas.
Comerica entered the California market by purchasing Plaza Commerce Bancorp and InBancshares. The affiliate is now known as Comerica Bank-California.
Comerica merged with Manufacturers National Corporation.
Comerica divested of subsidiaries Comerica Bank-Illinois and John V. Carr & Son, Inc.
Comerica marked the 150th anniversary of its founding.
Comerica completes the acquisition of Imperial Bancorp. Comerica Bank-California becomes the fourth largest bank in California.
Comerica consolidates bank charters.
Comerica customers can now bank nationwide.
Comerica relocates its corporate headquarters to Dallas, Texas.