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Global Finance magazine has announced its first annual awards for the Best Regional Banks in the U.S. and Comerica has been named as 2014 Best Regional Bank - Southwest.
The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers, and analysts around the country. In selecting the top banks, editors considered factors 'that range from the quantitative objective to the informed subjective.'
Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry. The magazine noted that the mix of these factors yields 'leading banks that may not be the largest, the oldest or the most diversified in a given region, but rather the best—those banks with which companies around the world would most likely want to do business.'
“The banks that Global Finance is honoring set themselves apart by anticipating and responding to the specific needs of their customers, which vary greatly from region to region,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “With the recovery from the financial crisis moving along slowly, these banks have performed the best under difficult conditions.”
