News Releases

Comerica Bank to Invest $3 Million as it Reshapes its Presence in and Around Downtown Detroit

Detroit/Jan. 30, 2017 – Comerica Bank today announced plans to reshape its presence in and around downtown Detroit, investing $3 million as it opens new locations, relocates offices and sells offices to make way for new developments downtown.

Detroit’s continuing economic development, including the Henry Ford Health System’s new cancer center, the District Detroit development with the new Little Caesars Arena, and the Gordie Howe International Bridge, are helping to drive these changes.

“We opened our first bank in downtown Detroit in 1849 and it’s an honor for us to continue to serve the city’s residents and businesses almost 170 years later,” explained Mike Ritchie, Comerica’s Michigan Market president. “The developments underway will spark further growth in Detroit’s economy and we’re proud to support that growth through these changes.”

Comerica is working with Henry Ford on their development of a new cancer center and a new development nearby that will open in 2018. Comerica’s W. Grand Boulevard-Sterling location is being sold to Henry Ford to make way for the new cancer center.

To continue to serve W. Grand-Sterling customers, a temporary drive-thru office will open in early April at 2838 West Grand Blvd. This new location, at the corner of Lincoln and W. Grand Boulevard, will include a 24-hour ATM and two “Banker Connect,” or interactive teller-like, machines in which customers can talk to a virtual customer service representative, make deposits or withdrawals, cash checks and much more. Customer accounts will be moved to Comerica’s nearby Fisher Building office, located 3011 W. Grand Blvd., between Second and Third streets, effective April 28, 2017. Comerica plans to open a new office in the Third & Grand development that will provide its West Grand Blvd.-Sterling and Fisher Building customers with enhanced services, including extended banking hours.

Other changes planned include:

  • The relocation of Comerica’s Fort-Washington office to a location nearby. Fort-Washington is in the 201 W. Fort Street building, which is currently for sale. The sale is contingent on the purchase or lease of a nearby site to provide continuing service to Fort-Washington customers.
  • The installment of ATMs and the opening of a new banking center in the District Detroit Development.
  • The acquisition of Comerica’s Fort-Military location by MDOT to make way for the new Gordie Howe International Bridge and the resulting consolidation of that office with Comerica’s Vernor-Inglis banking center in May. Comerica will continue to evaluate options for potential sites in this area as construction of the new bridge progresses and plans for related developments evolve.

Comerica Bank is a subsidiary of Comerica Incorporated. Founded in Detroit in 1849, Comerica continues to invest in Michigan, including the multi-million dollar restoration of Comerica Bank Center, its Michigan Market headquarters in downtown Detroit. For generations, Comerica Bank has been making a positive difference in the lives of Michigan residents, helping its customers be successful and providing financial assistance to help charitable organizations meet their diverse goals. Ranked No. 2 in deposit market share in Michigan, Comerica’s naming rights agreement for Comerica Park helped support this jewel in Detroit’s downtown revitalization plan. Comerica Incorporated (NYSE: CMA) is a financial services company 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. To find us on Facebook, please visit Follow us on Twitter at @ComericaCares. 

Comerica Media Contact:    

Kathleen Pitton                      
(313) 584-4523