Welcome to our dedicated page for Comerica Incorporated news (Ticker: CMA), a resource for investors and traders seeking the latest updates and insights on Comerica Incorporated stock.
Comerica Incorporated (NYSE: CMA) is a prominent financial services company headquartered in Dallas, Texas. The company is strategically aligned by three main business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica is renowned for its emphasis on relationship-based banking, aimed at helping individuals and businesses achieve success.
The Commercial Bank provides companies of all sizes with an extensive range of credit and non-credit financial products and services. The Retail Bank offers personalized financial products and services to individual consumers, while Wealth Management caters to high net worth clients and institutions, ensuring their financial goals are met with precision.
Comerica operates across seven of the ten largest cities in the United States, with 480 banking centers situated in key markets including Texas, Arizona, California, Florida, and Michigan. The company also has a presence in Canada and Mexico, thereby broadening its geographical footprint and service reach.
Founded 175 years ago in Detroit, Michigan, Comerica has grown to become one of the 25 largest commercial U.S. financial holding companies. As of December 31, 2023, Comerica reported total assets worth $85.8 billion. The company continues to expand into new regions such as the Southeast Market based in North Carolina, and the Mountain West Market in Colorado, underscoring its commitment to growth and community service.
Comerica's recent achievements include the launch of its new Frisco Business & Innovation Hub in North Texas, which offers free coworking space for small business customers. Additionally, Comerica has invested $100,000 in the Network for Teaching Entrepreneurship to support entrepreneurship education for under-resourced communities.
The company's financial health is robust, with quarterly financial results showing consistent growth. Comerica is also active in community service, hosting events like Shred Day to promote sustainability and fight hunger through partnerships with organizations such as Gleaners Community Food Bank.
For more information, visit Comerica's official website or follow them on social media platforms like Facebook, X (formerly known as Twitter), Instagram, and LinkedIn.
Comerica Bank in Dallas collected over 600 formal dresses for local teens during February, supporting Dallas CASA and the Boys & Girls Clubs of Greater Dallas. This initiative is part of their annual Prom Dress Drive, which has donated nearly 5,600 dresses over seven years. The bank's North Texas Women's Forum played a key role in organizing shopping events for beneficiaries. Comerica operates with total assets of $94.6 billion as of December 31, 2021, focusing on building relationships and supporting community efforts.
Comerica Bank announces the return of the Comerica Hatch Detroit Contest, offering a $100,000 prize for a winning business. This initiative, aimed at promoting economic development in Detroit, includes additional support through a $50,000 donation from the Comerica Charitable Foundation. Entrepreneurs can submit business plans until May 12, with public voting in June. Since 2012, the partnership has contributed $660,000 to support local businesses, while a new collaboration with TechTown Detroit aims to enhance small business resources.
Comerica Incorporated (NYSE: CMA) announced the hiring of Omar Salah as Executive Vice President, Director of Small Business Banking, and Brian Haney as Senior Vice President, Director, Strategy & Transformation. Salah, a 20-year industry veteran, aims to enhance services for small businesses, while Haney will focus on improving customer experiences. Comerica committed $5 billion for small business lending from 2021-2023. The bank reported total assets of $94.6 billion as of December 31, 2021.
Comerica Bank has named Gary Campioni of Flint, Michigan, as the winner of its second annual Detroit's Biggest Fan contest. Campioni, known as 'Macho Mane,' received a grand prize package worth $15,000, including two season tickets for the Detroit Lions' 2022 home season. The contest celebrates Detroit's passionate sports fans, with finalists also receiving upgrades to their sports caves. The initiative reflects Comerica's commitment to community engagement and celebrates the loyalty of Detroit sports enthusiasts. Comerica Bank has a long-standing presence in Michigan, dating back to 1849.
The Board of Directors of Comerica Incorporated (NYSE: CMA) has declared a quarterly cash dividend of 68 cents per share for common stock, payable on April 1, 2022. Shareholders of record as of March 15, 2022 will be eligible to receive this dividend. Additionally, a dividend of $1,406.25 per share has been declared on the Series A Non-Cumulative Perpetual Preferred Stock, also payable on April 1, 2022. As of December 31, 2021, Comerica reported total assets of $94.6 billion.
Comerica Incorporated (NYSE: CMA) will participate in the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 10:20 a.m. CT. Key company representatives, including CFO James Herzog, will present. Additionally, Comerica will hold its first quarter 2022 financial results conference call on April 20, 2022, at 7:00 a.m. CT. Interested parties can access the live webcast and additional information through the company's Investor Relations page. Relevant materials will also be available on the SEC website.
Comerica Incorporated has appointed Jenae Anderson as the new Head of Commercial Banking, reporting to Arizona Market President Steve Richins. With over 25 years of banking experience, including 13 years at a national bank, Anderson will oversee commercial lending and community engagement in Colorado. Her prior role involved leading the Middle Market banking team across Colorado, Wyoming, and Montana, and spearheading strategies for minority-owned businesses. Comerica, headquartered in Dallas, reported total assets of $94.6 billion as of December 31, 2021.
Comerica Incorporated announces the appointment of Derric Hicks as the Group Manager for its new South Dallas Business Banking team, effective February 15, 2022. Hicks, with over 20 years of banking experience, will focus on serving women- and minority-owned businesses while collaborating with community organizations. Dallas Market President Amanda Mahaney expressed confidence in Hicks’ expertise and community relationships, emphasizing Comerica's commitment to equitable economic development in South Dallas. Comerica reported total assets of $94.6 billion as of December 31, 2021.
Comerica Incorporated (NYSE: CMA) has appointed William Adams as Senior Vice President and Chief Economist, effective Jan. 24, 2022. He succeeds Robert Dye, who is retiring on Jan. 28, 2022. Adams brings a decade of experience from The PNC Financial Group, where he focused on economic analysis and forecasting. He will lead Comerica's Economics Department, impacting key markets and offering insights during these uncertain economic times. Comerica reported total assets of $94.6 billion as of Dec. 31, 2021.
Comerica Incorporated (NYSE: CMA) announced its fourth quarter 2021 financial results on January 19, 2022. Detailed results can be accessed via the Investor Relations section of their website. The company is set to host a conference call to discuss the financial results at 9 a.m. CT / 10 a.m. ET on the same day. Comerica operates through three segments: Commercial Bank, Retail Bank, and Wealth Management, with locations primarily in Texas, Arizona, California, Florida, and Michigan.
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