Headquartered in Dallas, TX, Comerica Incorporated is a banking and financial services company. The company delivers financial services in three primary geographic markets - Texas, California, Michigan, as well as Arizona and Florida. Also, the firm has operations in numerous other U.S. states as well as in Canada and Mexico.
Comerica reports its results through the following business segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, foreign exchange management services and loan syndication services for small and middle market businesses, multinational corporations and governmental entities.
The Retail Bank segment includes small business banking and personal financial services, which consists of consumer lending, consumer deposit gathering and mortgage loan origination. This segment also provides consumer products, including deposit accounts, credit cards, home equity lines of credit and residential mortgage loans.
The Wealth Management segment offers products and services such as fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and discount securities brokerage services. Additionally, the sale of annuity products, life, disability and long-term care insurance products are offered by this segment.
Moreover, the Finance segment includes Comerica’s securities portfolio and asset and liability management activities while the Other category includes discontinued operations, the income and expense impact of equity and cash and tax benefits not related to specific business segments.
As of Mar 31, 2021, Comerica had total assets of $86.3 billion, total loans of $50.6 billion, total deposits of $73.8 billion and shareholders' equity of $8.2 billion.