Comerica
| Comerica Incorporated
|
|
|---|---|
 |
|
| legal form | Inc. |
| ISIN | US2003401070 |
| founding | 1849 |
| Seat |
Detroit , United States
|
| management | Ralph Babb, CEO |
| Number of employees | 8,149 |
| sales | $ 1.797 billion |
| Branch | Finances |
| Website | www.comerica.com |
| As of December 31, 2016 | |
Comerica is a United States finance company based in Detroit , Michigan , in the Comerica Tower.
The company employs around 8,100 people worldwide.
Company history
Comerica was founded in 1849 when Elon Farnsworth opened the Detroit Savings Fund Institute. In 1881 the company name (company) changed to "The Detroit Savings Bank" and in 1933 to "Detroit Savings Bank". In 1953 the Detroit Bank, The Birmingham National Bank, Ferndale National Bank and Detroit Warbeek Bank and Trust Company formed the joint venture The Detroit Bank & Trust Company. In 1982 the company changed to what is now Comerica.
Comerica paid $ 66 million in December 1998 for the naming rights to Comerica Park Stadium in Detroit, home of the Detroit Tigers baseball club .
In 2016 Comerica had bank branches in 591 locations.
Partnership with MasterCard
Comerica Bank, Mastercard and the United States Treasury Department joined forces in 2008 to create the Direct Express Debit Mastercard debit card . The US federal government uses this product to make electronic payments to payees who do not have any banking information. Comerica Bank is responsible for issuing the debit card.
Web links
Individual evidence
- ↑ a b Comerica 2016 Form 10-K Report , accessed on August 14, 2017
- ↑ BankCreditNews: "Federal government chooses direct deposit and prepaid cards over mailing checks" ( Memento of the original from April 23, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , BankCreditNews, April 15, 2013, last accessed July 2, 2014
