FORT WORTH, Texas, Sept. 2 /PRNewswire-FirstCall/ -- Comerica Bank announced today plans for a full-service banking center and offices in Sundance Square, downtown Fort Worth's premiere business, entertainment and shopping district. Construction on Comerica's new offices is slated to begin next month, and the banking center is expected to open in December. Comerica will open two additional banking centers in Fort Worth by the end of the year.
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"Given Comerica's strong customer base in North Texas, our long and successful history in this state, and the vibrancy and strength of the Tarrant County economy, we believe expanding our presence here is the best way to serve our customers," said Ralph Babb, chairman and chief executive officer, Comerica Incorporated and Comerica Bank.
The banking center will be located on the first floor of Sundance Square's newest Class A office building, The Carnegie, at 421 West 3rd St. With more than 12,000 square feet of space on the building's 6th floor, the new offices will serve as Comerica's Tarrant County headquarters and host a commercial banking team, as well as wealth management, treasury management and small business operations. In addition, Comerica will open a banking center at 5925 Overton Ridge Blvd, and one at 4351 Western Center Blvd. Comerica already operates two banking centers in Arlington and one in Bedford.
"Over the years, we have developed strong customer relationships in Fort Worth, so this move is a natural next step as we continue to strengthen these relationships and offer a broader range of products and services," said Charles "Chuck" Gummer, president, Comerica Bank-Texas Market. "Fort Worth is consistently ranked among the top places to work, live and do business. Comerica is proud to play a role in its continued development."
"Fort Worth has a strong banking community to support the growing needs of the 17th largest city in the nation. We are proud and delighted to welcome Comerica to Fort Worth's Sundance Square and congratulate the bank on their new Tarrant County headquarters," said Fort Worth Mayor Mike Moncrief.
"When completed this fall, The Carnegie will be one of the premier business addresses in downtown Fort Worth," said Johnny Campbell, president and CEO of Sundance Square. "Comerica's decision to locate a retail banking center on the first floor as well as office space on the sixth floor will well position the company in the Tarrant County market. We look forward to having the company in Sundance Square."
Comerica Bank is a subsidiary of Comerica Incorporated, a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional 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, China and Mexico. Comerica reported total assets of $66 billion at June 30, 2008. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
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SOURCE: Comerica Bank
CONTACT: Wendy Walker, +1-214-462-6669, wdwalker@comerica.com, or Wayne
Mielke, +1-214-462-4463, wjmielke@comerica.com, both of Comerica Bank
Web site: http://www.comerica.com/
http://www.comerica.com/newsalerts
