Comerica's new SmallBizCo-Op program will provide North Texas small business customers access to elevated experiences and unique benefits
DALLAS, Jan. 26, 2023 /PRNewswire/ -- Comerica Bank is expanding its support for small businesses in a big way by providing North Texas customers with a set of unique new product and service offerings designed to help them grow and thrive. Through its new Comerica SmallBizCo-Op™ concept, Comerica will share its assets and resources with small business customers in the region to help them achieve their goals.
The backbone of our economy, small businesses account for 99.9% of all U.S. and 99.8% of all Texas businesses1. Yet, most are often at a disadvantage compared to their bigger competitors – with significantly smaller budgets and fewer employees, and the owner usually playing multiple roles at once.
"At Comerica, we believe in doing everything possible to empower our small business customers and give them the opportunity to succeed," said Cassandra McKinney, Comerica Bank's Executive Director of the Retail Bank. "These opportunities are designed to deliver real value to our customers and create an even stronger relationship with them. In turn, our small business customers can then leverage these opportunities to help strengthen their own customer relationships."
Comerica SmallBizCo-Op: Unlocking new online benefits
Comerica SmallBizCo-Op is now available as a no-cost benefit to Comerica small business customers. The bank is sharing its assets and its clout to provide its small business customers with a competitive advantage in a challenging business environment. The specific components of SmallBizCo-Op include:
Comerica SmallBizCo-op also offers customers the opportunity to save on everyday business expenses such as computer equipment, office supplies and more through multiple savings, rewards and discount programs. This includes opportunities such as the following:
The launch of Comerica SmallBizCo-Op is just the first of several elevated experiences in Comerica's longer-term strategy of sharing its resources with its small business customers. Expanded elevated experiences are expected to rollout further in 2023.
"During our initial planning phase, we engaged many of our small business customers and invited them to share with us directly their specific pain points and needs. The product and service offerings we introduced today, as well as those planned for launch in 2023, have been designed specifically to address many of those needs," explained Omar Salah, Comerica Bank's Director of Small Business Banking.
Based upon the performance of its pilot program in North Texas, Comerica plans to introduce its SmallBizCo-Op program into other markets across the country in the months and years to come.
Interested small business customers can learn more about Comerica's Small Business benefits at comerica.com/succeed.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial 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. Comerica reported total assets of $85.4 billion as of Dec. 31, 2022.
1. "2022 Small Business Profiles For The States, Territories, And Nation." SBA.gov.
SOURCE Comerica Bank