SAN JOSE, Calif., Sept. 11 /PRNewswire-FirstCall/ -- Comerica Bank, one of the top 20 banking companies in the U.S. for small business loans, announced it is expanding its services to small businesses in California, hiring more bankers and opening new offices in the Bay Area and in greater Los Angeles.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )
New offices have opened in Millbrae, serving San Mateo County; in Sherman Oaks, serving the San Fernando Valley; and in Century City, serving western Los Angeles County. Bankers specializing in financial services for small businesses also have been added to offices in Costa Mesa (Orange County), San Diego, San Jose and Santa Cruz.
The announcement is the latest move in Comerica Bank's expansion of banking services in its Western Market. Since 2004, Comerica Bank has added 34 banking centers in California and four in greater Phoenix, Arizona. The bank plans to open eight new banking centers in California and three new banking centers in Arizona by the end of 2007.
In 2007, the bank has hired eight new bankers in small business offices in seven California cities and also has added to its Small Business Administration Lending division. Peggy Bradshaw, national director of Small Business Banking, said that by the end of 2008, Comerica will have doubled its small-business banking staff nationally - in California, Arizona and Texas - in about two years.
"We build new banking centers where there are good concentrations of small businesses," said Peggy Bradshaw, Comerica's national director of Small Business Banking, based in San Jose. "Small businesses are a leading source for job growth, and our new small business offices are centrally located to better serve the needs of growing small businesses in California's metropolitan markets."
The new Comerica Bank banking centers are offering free business checking accounts and free checking for employees at companies with on-the-job banking. Comerica Bank offers a full range of services for small businesses and small business owners, including business loans, SBA loans, on-the-job banking, private banking, treasury management and other financial services.
Comerica Bank is a recognized leader in small business banking.
* Comerica Bank this week received the top award for excellence in
serving small businesses from Greenwich Associates, one of only 21
banks nationwide to receive this recognition
* The Export-Import Bank of the United States named Comerica Bank its
2006 Small Business Bank of the Year
* Comerica Bank ranks among the top 20 banking companies in small
business loans, by total loan volume.
* The bank is the ninth largest SBA 7 (a) lender in the U.S.
* Comerica Bank is one of 12 national Preferred SBA Lenders
About Comerica Bank
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), and is strategically aligned into three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. Comerica Bank locations can be found in Michigan, California, Texas, Arizona and Florida, with select businesses operating in several other states, Canada and Mexico. Comerica reported total assets of $58.6 billion at June 30, 2007. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts. For more information, go to http://www.comerica.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGOSOURCE: Comerica Incorporated
CONTACT: Barry Holtzclaw, bholtzclaw@comerica.com, +1-408-554-5111 or
+1-408-315-6554, of Comerica Incorporated
Web site: http://www.comerica.com/
