SAN FRANCISCO, Calif., Nov. 1 /PRNewswire-FirstCall/ -- Comerica Bank today announced the opening of its first office in San Francisco's North Bay region to better serve mid-sized businesses in Sonoma and Marin counties.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )
Dan Grady of Petaluma, who transferred to Comerica Bank's San Francisco office this year after 12 years with the bank in Michigan, will lead financial services at the new office, located at 703 2nd St., Santa Rosa. Grady brings 24 years of financial services experience to Santa Rosa, and holds an MBA from Wayne State University, and a bachelor's degree in finance from Western Michigan University.
The focus of the office that opens today is to serve mid-sized businesses - privately held companies with $5 million or more in annual revenues - which are a growing part of the North Bay economy.
"We are eager to serve a growing mid-sized business segment in the North Bay, especially in the wine, food manufacturing, and distribution industries, " said Mike Silva, senior vice president, who manages Comerica's San Francisco regional middle market office, which has many long-term customers in the North Bay. "Comerica Bank has become a leading financing source for California's wine industry, and its bankers have developed expertise in providing financing for Northern California's growing natural and organic food manufacturers."
The new Santa Rosa location is a satellite office of Comerica Bank's San Francisco middle market regional office in the Embarcadero Center, and is another indicator of the bank's continuing expansion in the Bay Area.
Comerica Bank this year has opened a new small business banking office in Millbrae, the site of one of three new Bay Area banking centers that opened last year, including Millbrae, South San Francisco and San Ramon. New banking centers in San Carlos and Alameda are scheduled to open later this year, following by new banking centers in Burlingame and more in the East Bay in 2008.
About Comerica Bank
Comerica Bank's Western Market includes 81 banking centers in two states, California and Arizona: 76 in the key California markets of San Francisco and the East Bay, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, and Santa Cruz/Monterey; also, five banking centers in greater Phoenix, Ariz. Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a Fortune 500 financial services company headquartered in Dallas and among the 20 largest U.S. banking companies, with $60 billion in assets at Sept. 30, 2007. For more information, visit http://www.comerica.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGOSOURCE: Comerica Bank
CONTACT: San Jose, Barry Holtzclaw of Comerica Bank, +1-408-556-5111, or
+1-408-315-6554, bholtzclaw@comerica.com
Web site: http://www.comerica.com/
