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Comerica Bank to Partner with Detroit Association of Black Organizations and Mackenzie Noble Community Collaborative Drug Free Coalition on Free Financial Education Series for Youth and Young Adults

Detroit, March 9, 2021 – Comerica Bank will launch a collaboration with the Detroit Association of Black Organizations (DABO) and Mackenzie Noble Community Collaborative Drug Free Coalition (MNCC-DFC) to deliver the Comerica’s Money $ense Program beginning Tuesday, March 9. The free financial empowerment series, "Teaching Your Dollars Some Sense," is a four-week informational series focused on educating youth and young adults about financial literacy.

The series will occur the final four Tuesdays of the month (March 9, March 16, March 23 and March 30), and takes place from 5-6 p.m.

Topics covered during “Teaching Your Dollars Some Sense include:

  • Improve Your Credit Scores & Report
  • Banking 101
  • Making & Managing A Budget
  • Work Readiness

“DABO and MNCC-DFC serve as powerful allies in the community that improve the lives of our youth,” said Linda Nosegbe, Comerica Bank Southeast Michigan External Affair Market Manager. “In seeking opportunities to continue enriching the lives of our adolescents and young adults, we remain collectively committed to empowerment through financial education. This series offers knowledge and understanding of money matters and workforce preparedness geared directly to this targeted age group, and the virtual platform allows greater access to participate.”

Interested participants can call (313) 491-0003 for more information. Participants can access the “Teaching Your Dollars Some Sense” financial empowerment series via Zoom at # 9393 9287 520.

“Financial literacy is one of several keys to closing the undeniable racial wealth gap, said Rev. Horace Sheffield, III, executive director, The Detroit Association of Black Organizations. “When you don’t know better, you cannot do better. Many simply aren't educated about finances. So we’re happy to partner with Comerica Bank to teach financial literacy to an underserved community.”

The financial empowerment series furthers Comerica’s support and commitment to DABO built on a lengthy partnership that dates back more than 40 years to DABO’s founding in 1979.

Most recently, Comerica Bank and the Comerica Charitable Foundation provided $30,000 in funding to provide COVID-19 relief last year.

In 2020, DABO formed a network of partners, including Comerica Bank, to help battle and thwart the highly contagious and deadly coronavirus through free testing.

Free COVID-19 testing at DABO’s Sheffield Center (12048 Grand River), first launched at the end of April, has continued over the past 11 months. Now, testing takes place on the second Saturday of each month from 10 a.m.-Noon, with the next four dates including: March 13, April 10, May 8, June 12.

Additionally, free testing also talks place every fourth Saturday at Greater Grace Temple (23500 W. Seven Mile Road).

Food security has remained a focus for DABO during the COVID-19 pandemic as well. Thus far, DABO has provided approximately 119,000 meals to families since April 2020.

Since 1979, the Detroit Association of Black Organizations (DABO) has uplifted, unified, and empowered Detroit’s African American community through various programs, initiatives, and events. DABO is a federation of over 130 black, and non–black organizations working to build community unity.

DABO's Mackenzie Noble Community Collaborative Drug Free Coalition is an initiative funded by Detroit Wayne Integrated Health Network. The coalition is designed to engage the Detroit community to tackle underage drinking and drug use.

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 $88 billion as of Dec. 31, 2020.

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