Comerica Bank Tower

Comerica Bank Exceeds Three-Year, $5 Billion Small Business Lending Commitment

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Thursday, December 14, 2023

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DALLAS, Dec. 14, 2023 /PRNewswire/ -- Comerica Bank announced today that it has exceeded the three-year, $5 billion small business lending commitment first announced in May 2021. Through 2023 third quarter earnings, Comerica Bank has achieved 102% of its commitment since the bank's initial announcement.

Key Points:

Innovative products, services and resources driving Comerica's small business banking transformation, reach and growth
DALLAS, Dec. 14, 2023 /PRNewswire/ -- Comerica Bank announced today that it has exceeded the three-year, $5 billion small business lending commitment first announced in May 2021.
The impact of Comerica's small business lending commitment has supported over 15,000 small businesses across its entire footprint.
Since May 2021, Comerica has added over 100 small business bankers, new digital solutions and innovative small business products and services.
Comerica Small Business Convenient Capital™ powered by Amount : Comerica Bank's first fully digital, end-to-end new lending platform provides convenient access to capital and innovative value-added benefits for Comerica small business customers.

Top Female Motivational Speaker Gaby Natale to Keynote at Comerica Bank Women's Business Symposium in Dallas

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Tuesday, October 3, 2023

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DALLAS, Oct. 3, 2023 /PRNewswire/ -- Three-time Emmy award winning journalist, entrepreneur and author Gaby Natale will be the keynote speaker for the highly-anticipated Comerica Bank Women's Business Symposium, set to be held on October 12th at the Toyota Music Factory.

Key Points:

DALLAS, Oct. 3, 2023 /PRNewswire/ -- Three-time Emmy award winning journalist, entrepreneur and author Gaby Natale will be the keynote speaker for the highly-anticipated Comerica Bank Women's Business Symposium , set to be held on October 12th at the Toyota Music Factory.
The Comerica Bank Women's Business Symposium has a storied history of showcasing trailblazing female leaders who inspire and uplift attendees.
"I'm thrilled to keynote Comerica Bank's Women's Business Symposium!
With a focus on the empowerment and growth of women, the Comerica Bank Women's Business Symposium is curated to provide business owners, executives, and professionals with a platform to learn, connect, and celebrate their immense potential.

Comerica Bank Names Christina Mercado-González Arizona External Affairs Manager

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Thursday, September 14, 2023

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PHOENIX, Sept. 14, 2023 /PRNewswire/ -- Comerica Bank has named Christina Mercado-González the Vice President, External Affairs Market Manager for Arizona.

Key Points:

PHOENIX, Sept. 14, 2023 /PRNewswire/ -- Comerica Bank has named Christina Mercado-González the Vice President, External Affairs Market Manager for Arizona.
Gonzalez will support Comerica Bank's community commitment and engagements as she stewards community reinvestments in the market.
"Christina has a proven track record developing and executing multicultural programming at many different levels," said Brandon Q. Jones, Comerica Bank Senior Vice President, Director of External Affairs.
She currently serves on the Arizona Diamondbacks Los D-Backs Ambassador Council and is a Board Member for Global Ties Arizona.

Comerica Promotes Grant Simon to Senior Vice President, Group Manager, Technology and Life Sciences - San Francisco

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Thursday, August 10, 2023

DALLAS, Aug. 10, 2023 /PRNewswire/ -- Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023.

Key Points:

DALLAS, Aug. 10, 2023 /PRNewswire/ -- Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023.
In his new role, Simon will oversee his group's direction, strategic growth and investor coverage in Northern California.
"Grant is a results-focused leader who has delivered strong organization growth for Comerica Bank's TLS Division," said David Whiting, Comerica Bank TLS Division President.
Comerica provides more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas.

Preston Hollow Community Capital Relocates to PwC Tower at Park District

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Thursday, July 20, 2023

Preston Hollow Community Capital ("Preston Hollow" or "PHCC"), a provider of specialized impact financing solutions for projects of social and economic importance to local communities, has relocated its headquarters to PwC Tower at Park District in Uptown Dallas.

Key Points:

Preston Hollow Community Capital ("Preston Hollow" or "PHCC"), a provider of specialized impact financing solutions for projects of social and economic importance to local communities, has relocated its headquarters to PwC Tower at Park District in Uptown Dallas.
Jeff Funderburk of BHA designed the sixth-floor space for Preston Hollow, and Metroplex General Contractors served as GC for the project.
Preston Hollow Community Capital is a market leader in providing specialized impact finance solutions for projects of significant social and economic importance to local communities in the United States.
Since its inception, Preston Hollow has raised $1.6 billion in committed, permanent equity capital from premier sponsors like Stone Point Capital, HarbourVest Partners and TIAA.

Comerica Bank's New Lending Platform Accelerates Access to Capital for Small Businesses

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Wednesday, June 14, 2023

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DALLAS, June 14, 2023 /PRNewswire/ -- Comerica Bank announced today the launch of Comerica Small Business Convenient Capital™, its first fully digital, end-to-end new lending platform to provide convenient access to capital and innovative value-added benefits for Comerica small business customers.

Key Points:

Comerica Small Business Convenient Capital™, powered by Amount, is aimed at providing faster approvals and funding for qualified small business customers
DALLAS, June 14, 2023 /PRNewswire/ -- Comerica Bank announced today the launch of Comerica Small Business Convenient Capital™, its first fully digital, end-to-end new lending platform to provide convenient access to capital and innovative value-added benefits for Comerica small business customers.
Comerica Small Business Convenient Capital is focused on simplifying and accelerating access to capital and on providing faster approvals and funding.
Significant perks of the lending platform generally include:
Instant decisions in most cases, or within 24 hours
"The Comerica Small Business Convenient Capital platform is the newest of many investments in small business products and services we have introduced this year," said Omar Salah, Comerica Bank's Director of Small Business Banking.
For more information about Comerica Small Business Convenient Capital, visit Small Business Financing Solutions | Comerica or visit any Comerica office.

Comerica Bank Delivers Valuable Competitive Market Research to Small Businesses

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Friday, May 5, 2023

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DALLAS, May 5, 2023 /PRNewswire/ -- In recognition of National Small Business Week, Comerica Bank is introducing SizeUp by Comerica, an exclusive and complimentary new tool that allows small business customers to tap into industry-specific research, insights and analysis to help them make data-driven business decisions. SizeUp by Comerica thus provides small businesses with a competitive advantage in a highly challenging business environment.

Key Points:

SizeUp by Comerica thus provides small businesses with a competitive advantage in a highly challenging business environment.
The new tool is the latest addition to the Comerica SmallBizCo-op™, a suite of unique product and service offerings designed to help Comerica small businesses customers grow and thrive.
Specifically, SizeUp by Comerica allows small business banking customers to:
"SizeUp by Comerica is a leading-edge tool that enables our small business customers to harness the power of big data and obtain free market data, along with customized analysis that would otherwise cost them thousands of dollars to obtain on their own," said Omar Salah, Comerica Bank's Director of Small Business Banking.
SizeUp by Comerica is the latest solution Comerica has launched as part of a larger initiative to share its resources with small business customers.

Comerica Bank Empowers Small Businesses with its Comerica CoWorkSpaces™ Program

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Thursday, April 27, 2023

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DALLAS, April 27, 2023 /PRNewswire/ -- Comerica Bank is repurposing idle real estate at select banking centers throughout North Texas to create Comerica CoWorkSpaces™, a new concept that offers complimentary office space exclusively to its small business customers. Through a $3 million investment, nearly 10,000 square feet of existing banking center space across nine Comerica Bank locations will be transformed into unique resource centers where Comerica customers can conduct business. Each CoWorkSpaces site will be equipped with features like Wi-Fi, AV presentation equipment, reservable meeting rooms, hospitality stations and more.

Key Points:

"Our research told us that many small business customers struggle to find space to conduct meetings or work remotely," said Jim Weber, Chief Experience Officer for Comerica.
To date, Comerica has provided free sports radio ads at Dallas sporting events to 75 small businesses, free tickets to a Dallas sporting event to 147 small businesses and free marketing digital ads displayed in Comerica's North Texas banking centers for 50 small businesses.
Led by Comerica Bank's Director of Small Business Banking Omar Salah, the Small Business Regional Directors are responsible for the overall leadership and success of all small business banking activities within their markets (California, Texas and Michigan, respectively) and will oversee a team of Small Business Group Managers, Small Business Relationship Managers and Small Business Bankers in the execution of Comerica's small business strategy.
Comerica also plans to debut several digital solutions throughout 2023 with a focus on payments and access to convenient capital for entrepreneurs and small business customers.

Capstreet Expands Business Development and Capvalue Operating Teams

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Tuesday, April 18, 2023

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HOUSTON, April 18, 2023 /PRNewswire/ -- Capstreet, a Houston-based lower middle market private equity firm, announced the additions of Dustin Hollas as Principal, Business Development, and Alyssa Fox as Senior Vice President of Marketing, Operating Executive Group.

Key Points:

Names Dustin Hollas as Principal, Business Development and Alyssa Fox as Senior Vice President of Marketing, Operating Executive Group
HOUSTON, April 18, 2023 /PRNewswire/ -- Capstreet, a Houston-based lower middle market private equity firm, announced the additions of Dustin Hollas as Principal, Business Development, and Alyssa Fox as Senior Vice President of Marketing, Operating Executive Group.
Throughout his more than 19 years in the financial services industry, he has built business development programs, created strategic proprietary outreach processes, and led all stages of deal sourcing from initial research of specific industry verticals through due diligence.
Previous roles include senior leadership positions in marketing and content development at multiple private and public software companies, including Graylog Inc., Micro Focus and NetIQ.
"We are delighted to welcome them both to the Capstreet team."

Comerica Bank Names Jeff Banks Senior Vice President, Chief Data and Analytics Officer

Retrieved on:

Monday, March 6, 2023

DALLAS, March 6, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Jeff Banks has been named to the new role of Senior Vice President, Chief Data and Analytics Officer.

Key Points:

DALLAS, March 6, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Jeff Banks has been named to the new role of Senior Vice President, Chief Data and Analytics Officer.
He will report to Megan Crespi, Senior Executive Vice President, Chief Operating Officer.
In the role, Banks will serve to define the enterprise data vision and strategy for Comerica and establish an enterprise-wide data and analytics program across all lines of business.
Banks will be based in Dallas, working at Comerica Bank Tower and transition to the bank's new Business & Innovation Hub in Frisco when completed.