News Releases

LOS ANGELES, June 1 /PRNewswire/ -- Comerica Bank today announced $910,000 in grants to four California non-profits that provide financing and consulting to small businesses and first-time homebuyers. Two of the non-profits are in Los Angeles, one is in Orange County and one is in San Francisco.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )

"These grants underscore our commitment to improving the quality of life and financial viability of economically disadvantaged communities across the state," said Mike Fulton, president and CEO of Comerica Bank's Western Market.

"Through these community partnerships, we can help strengthen many communities by providing seed capital and technical assistance to aspiring entrepreneurs, as well as financing for homebuyers," said Fulton. "Our grants will help these agencies create jobs and strengthen neighborhoods."

In 2005, Comerica provided over $4 million in grants to its community partners in California.

  These community groups received grants from Comerica Bank:

  * Pacific Coast Regional SBDC, Los Angeles -- $250,000 in revolving loan
    funds to enable this non-profit corporation to provide micro loans to
    small business owners whose businesses are located in disadvantaged
    neighborhoods.
  * Los Angeles Neighborhood Housing Services, Los Angeles -- $250,000 in
    revolving loan funds that enable this non-profit community development
    agency to make loans to low- and moderate-income homebuyers.
  * Southern California Reinvestment CDFI, Orange County -- $250,000 in
    revolving loan funds, as a part of a larger loan pool, that enable the
    organization to provide loans to small businesses in disadvantaged
    neighborhoods.
  * South East Asian Community Center, San Francisco -- $160,000 to cover
    the loan loss reserve of this non-profit agency's SBA microloan pool,
    which lends money to small businesses in the South East Asian
    communities of the San Francisco Bay Area.

For more information, or for contact information at these agencies, call 408-556-5111

About Comerica Bank

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit that is strategically aligned into three major lines of business: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping businesses and people be successful. Comerica Incorporated reported total assets of $56.4 billion at March 31, 2006. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts. (Or, for more information, go to http://www.comerica.com/.

SOURCE: Comerica Bank

CONTACT: Barry Holtzclaw, +1-408-556-5111, or +1-408-315-6554, or
Alfredo E. Padilla, +1-310-297-3093, or mobile: +1-213-804-1323, both for
Comerica Bank

Web site: http://www.comerica.com/