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Comerica Bank has been named one of the 50 Most Community-Minded Companies in the U.S. by Points of Light for the ninth consecutive year. This accolade highlights Comerica's dedication to corporate citizenship, marking its 10th recognition in the Civic 50 program's 12-year history. In 2023, Comerica volunteers logged over 79,000 hours of community service and exceeded a $5 billion small business lending commitment, impacting more than 15,000 businesses. Additionally, the bank's financial education initiatives benefited over 105,000 individuals, and its new BusinessHQ in Dallas aims to support underserved communities with vital resources.
Comerica Incorporated (NYSE: CMA) has announced the earnings release dates for 2025, with quarterly financial results to be released on specific dates throughout the year. The company will host conference calls for each quarter's results, providing additional information at a later date. Comerica Bank, celebrating its 175th anniversary this year, is a leading financial services company with a focus on building relationships and success. Comerica operates in multiple states, with total assets of $79.4 billion as of March 31, 2024.
G.L.A.M. Body Scrubs emerged victorious, winning the $100,000 Comerica Hatch Detroit Contest by TechTown. The organic skincare business plans to open a brick-and-mortar store in Detroit with technical assistance from TechTown. With a focus on natural body scrubs, G.L.A.M. Body Scrubs aims to create jobs for underserved individuals, including victims of domestic violence and human trafficking, and returning citizens. Owner Tiffany Cartwright, a certified woman- and minority-owned entrepreneur, started the business in 2018 to address her daughter's eczema. The $100,000 grant from Comerica Bank will help establish the new store in the Rosedale Park community. Alongside the winner, three runner-up finalists also received grants to support their storefront openings.
Comerica Bank appointed Floyd Kessler as the new Executive Vice President, Chief Business Risk and Controls Officer. Kessler brings 18 years of risk management experience from USAA and will lead the transformation of risk and control functions across all revenue divisions. Comerica aims to establish robust risk culture for future growth.
Comerica Bank and the Network for Teaching Entrepreneurship (NFTE) have launched a national partnership that includes a $100,000 investment in entrepreneurship education programming for over 25,000 students in under-resourced communities across California, Florida, Michigan, and Texas. Comerica will also sponsor the World Series of Innovation Challenge, promoting United Nations Sustainable Development Goals. The partnership aims to ignite the entrepreneurial mindset in students, leading to increased educational and career success.