Comerica Incorporated is a financial services company headquartered in Dallas, Texas. It has retail banking operations in Texas, Michigan, Arizona, California and Florida, with select business operations in several other U.S. states, as well as in Canada and Mexico.
Comerica is the largest U.S. commercial bank headquartered in Texas and is on the list of largest banks in the United States.
The company's largest offices are in Cincinnati, Philadelphia, Detroit, Livonia, Michigan, Auburn Hills, Michigan and Dallas.
The bank sponsors Comerica Park in Detroit and formerly sponsored the Comerica Theatre in Phoenix. From 2007 to 2010, Comerica also sponsored the Comerica Bank New Year's Parade in Dallas.
In 1849, the company was founded in Detroit by Elon Farnsworth as the Detroit Savings Fund Institute.
Its name changed to The Detroit Savings Bank in 1871 and to The Detroit Bank in 1936, being one of the few area banks to survive the Great Depression. In 1956, the company merged with Birmingham National Bank, Ferndale National Bank and Detroit Wabeek Bank and Trust Company to form The Detroit Bank & Trust Company. In 1973, it formed a holding company, DetroitBank Corporation. The current name was adopted in 1982.
In 1982, Comerica entered the Florida market. In 1983, it acquired its hometown rival, Bank of the Commonwealth of Michigan. It entered the Texas market in 1988 when it acquired Grand Bancshares.
Highest paying job titles at Comerica Incorporated include Trust Advisor, Relationship Manager, and Commercial Banker