DALLAS, Jan. 28, 2014 /PRNewswire/ -- Comerica Bank today announced it has received 16 national and regional 2013 Greenwich Excellence Awards for Middle Market Banking. Greenwich Associates is a leading worldwide strategic consulting and research firm specializing in financial services. The Greenwich Awards are based on nearly 14,000 market research interviews with U.S. companies with sales revenues of $10-500 million, and honorees were recognized by their customers as providing superior quality of products, service and coverage. Of more than 750 U.S. banks evaluated, Comerica ranked within the top five percent of banks with 'distinctive quality' and 'performing at a differentiated level relative to peers.'
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Comerica's average Middle Market loans accounted for 56 percent of its total average loans for the quarter ended December 31, 2013. Comerica's Middle Market business serves companies with annual revenues generally between $20 million and $500 million.
"With our focus on relationships, we serve as trusted advisors to our business customers, providing them the credit and non-credit products and services they need to succeed in this highly competitive environment," said Lars Anderson, Vice Chairman of Comerica's Business Bank. "The positive feedback from customers who participated in the interviews with Greenwich is certainly appreciated."
Comerica's 2013 Middle Market Banking Greenwich Excellence Awards:
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"We are continuously updating our commercial cash management suite of products. This includes capabilities that differentiate our offerings from our competitors, such as integrated solutions for both payables and receivables, processing, multi-bank cash position reporting and online loan servicing integration," said Bridgit Chayt, Executive Vice President and Managing Director of Comerica's Treasury Management and Business Deposit Services. "We are grateful for this recognition, which reflects our customers' endorsement of the value they perceive in their relationship with Comerica Bank."
About Comerica
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. To find us on Facebook, please visit www.facebook.com/ComericaCares. Follow Comerica on Twitter at @ComericaCares and follow Comerica Chief Economist Robert Dye at @Comerica_Econ.
SOURCE Comerica Incorporated
