The largest U.S. banks: Comerica Bank

Company Overview

Comerica Incorporated is a financial services company headquartered in Dallas, strategically aligned into three major business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management.

Senior Leadership Team

Comerica's Senior Leadership Team members appear below.

Ralph W. Babb Jr.*
Chairman and Chief Executive Officer
Comerica Incorporated and Comerica Bank

Lars C. Anderson*
Vice Chairman
The Business Bank

Curtis C. Farmer*
Vice Chairman
The Retail Bank and Wealth Management

Karen L. Parkhill*
Vice Chairman and Chief Financial Officer

Elizabeth S. Acton*
Executive Vice President, Finance

Jon W. Bilstrom*
Executive Vice President
Governance, Regulatory Relations, Legal Affairs and Corporate Secretary

Megan D. Burkhart*
Executive Vice President and
Chief Human Resources Officer

David E. Duprey*
Executive Vice President
General Auditor

J. Patrick Faubion*
President
Comerica Bank (Texas Market)

Linda D. Forte
Senior Vice President
Business Affairs

J. Michael Fulton*
President
Comerica Bank (Western Market)

John M. Killian*
Executive Vice President and
Chief Credit Officer

Michael H. Michalak*
Executive Vice President
Planning, Forecasting, Analysis & Enterprise Risk

Paul R. Obermeyer*
Executive Vice President and
Chief Information Officer

Thomas D. Ogden*
President, Comerica Bank (Michigan Market)
Director - Global Corporate Banking

Comerica Incorporated Board of Directors

Ralph W. Babb, Jr.
Chairman and Chief Executive Officer
Comerica Incorporated and Comerica Bank

Roger A. Cregg
Senior Vice President of Finance and Chief Financial Officer
The ServiceMaster Company

T. Kevin DeNicola
Former Chief Financial Officer
KiOR, Inc.

Jacqueline P. Kane
Senior Vice President of
Human Resources and Corporate Affairs
The Clorox Company

Richard G. Lindner
Retired Senior Executive Vice President and Chief Financial Officer
AT&T

Alfred A. Piergallini
Chairman
Consultant, Desert Trail Consulting

Robert S. Taubman
Chairman, President and Chief Executive Officer
Taubman Centers, Inc. and The Taubman Company

Reginald M. Turner, Jr.
Member
Clark Hill PLC

Nina G. Vaca
Chairman and Chief Executive Officer
Pinnacle Technical Resources, Inc. and Vaca Industies Inc.

For more information:

Corporate Headquarters
Comerica Bank Tower
MC 6578
1717 Main Street
Dallas, Texas 75201

Company History

Chronological History

1849
Comerica forerunner Detroit Savings Fund Institute founded by Elon Farnsworth on March 5th. It took in $41 in deposits on the first day of business.

1871
Company name changed to The Detroit Savings Bank.

1933
Manufacturers National Bank of Detroit founded; Comerica 1992 merger partner.

1936
Company name changed to The Detroit Bank.

1956
The Detroit Bank, The Birmingham National Bank, Ferndale National Bank, and Detroit Wabeek Bank and Trust Company were consolidated to form The Detroit Bank & Trust Company.

1973
A holding company, DETROITBANK Corporation, was formed in response to changes in bank regulations.

1982
Corporation changed name to Comerica Incorporated.

1982
Comerica entered Florida market by forming Comerica Trust Company of Florida, N.A.

1987
Manufacturers National Corporation, a future merger partner of Comerica, entered the Illinois market by acquiring Affiliated Banc Group, Inc. The affiliate became known as Comerica Bank-Illinois.

1988
Comerica entered the Texas market by acquiring Grand Bancshares, Inc. The affiliate is now known as Comerica Bank-Texas.

1991
Comerica entered the California market by purchasing Plaza Commerce Bancorp and InBancshares. The affiliate is now known as Comerica Bank-California.

1992
Comerica merged with Manufacturers National Corporation.

1996
Comerica divested of subsidiaries Comerica Bank-Illinois and John V. Carr & Son, Inc.

1999
Comerica marked the 150th anniversary of its founding.

2001
Comerica completes the acquisition of Imperial Bancorp. Comerica Bank-California becomes the fourth largest bank in California.

2003
Comerica consolidates bank charters.

2004
Comerica customers can now bank nationwide.

2007
Comerica relocates its corporate headquarters to Dallas, Texas.

2009
Comerica Bank dedicates its first Leadership in Energy and Enviromental Design (LEED)- certified facility, in Fort Worth, Texas.

2010

The Federal Reserve Bank of Dallas rates Comerica's Community Reinvestment Act (CRA) program as "Outstanding".

Narrative History

Prior to the Civil War, through the Great Depression, and beyond the economic and political turbulence of the 20th Century, Comerica Bank has stood as a beacon of strength, guarding the financial community of Detroit and Michigan.

This beacon also shines today in California, Texas, Arizona, Florida and many other markets where Comerica has a presence.

Origins
Comerica, originally called Detroit Savings Fund Institute, opened its doors on August 17, 1849, to a city bustling with shipyards, river trade, sawmills, horse drawn carriages and dirt roads. It had six customers that day, with receipts totaling $41. Within two years, the patronage increased to more than 300 with the tally at $25,000.

Unlike most banks of that time, the Institute paid interest on deposits, had no shareholders or capital stock, and was managed by unpaid fiduciaries. Courting customers from the working class, merchants and even children, the Institute enjoyed steady growth, reaching the $1 million mark in 1870.

The next 30 years brought about many changes for the company including a new name, Detroit Savings Bank, and deposits in excess of an incredible $6 million.

Market crash

At the turn of the century, Detroit experienced a boom when it became birthplace of the automobile industry. Supporting its meteoric rise, Detroit Savings Bank flourished for the next two decades before facing that fateful day in October 1929 -- the stock market crash.

Devastation of the stock market meant shortage of capital, which for Detroit translated into lack of auto sales and ultimately layoffs. Dwindling deposits, shrinking savings accounts and loan defaults sent the banking industry into crisis, but Detroit Savings Bank held on. In 1933 it reveled in a rare influx of cash deposits and new customers.

With renewed confidence and increased clientele, the Bank's board members decided to help Detroit regain its financial foothold and became the first area bank to offer Federal Housing Administration mortgages, in addition to aggressively pursuing commercial accounts.

World War II

A new name, The Detroit Bank, more branches and the opportunity to preserve and expand commercial accounts saw a favorable end to the frenzied 1930s, but a new crisis was just around the corner. As World War II erupted, the Bank saw more than 100 of its valued employees go off to war. With the mostly male teller corps leaving to assist the war effort, women took the opportunity to join the bank and fill vacant positions.

One employee who made a tremendous difference during the war was bank president Joseph M. Dodge. Dodge negotiated Air Force contracts, headed the Pentagon War Contract Board and worked with both German and Japanese governments to aid in their economic restoration. He was granted the highest civilian war award, the Medal of Merit, and was even honored by the Japanese emperor.

Consolidation Forms Detroit Bank & Trust

As Detroit shifted into the exhilarating 1950s mode of poodle skirts, sock hops, television and rock music, The Detroit Bank experienced its own coming of age. Taking a gigantic step forward it merged with the Birmingham National Bank, Ferndale National Bank and the Detroit Wabeek Bank & Trust Company in 1956, forming Detroit Bank & Trust.

What had started out more than a 100 years earlier with a mere $41 emerged from the age of innocence and entered the chaotic 1960s with assets well over one billion dollars. People were on the move both personally and professionally, and the Bank helped them improve their homes, autos and educations. To keep up with the times, the Bank installed its first computer to help in processing checks and record keeping.

Longer work hours meant less time to visit banks, so Detroit Bank & Trust introduced their first automated teller machine (ATM) in metro Detroit's branches in 1972. Better electronics, designer fashions and trendy vacations had customers clamoring for ways to make their dollars stretch, so the Bank introduced the Master Charge card in the early 70s. Bank regulation modifications in 1973 necessitated restructuring to a holding company, and the DETROITBANK Corporation was created.

Comerica Name, New Markets

One more name change in the early 1980s and Comerica Incorporated was established. The new name reflected the national scope of Comerica’s products and services and its desire for expansion to new markets.

As its senior customers retired or wintered in Florida, Comerica packed some of its bags and headed south in 1982 to establish branch offices. With the economic growth of America, Comerica headed for the wide-open spaces of Texas in 1988 and continued west to California in the early 1990s.

Embracing Change

Racing toward the millennium, Comerica experienced extraordinary change. This began in 1992, when Comerica merged with in-market rival Manufacturers National Corporation. As Comerica carved a niche for itself in Detroit through the years, Manufacturers proved a worthy competitor. Both banks were nearly equal in assets and employees and had enjoyed great success. However, the banks’ CEOs recognized the emerging era of rapid consolidation in banking and their own vulnerability to takeovers. The merger of equals between Comerica and Manufacturers was a major achievement.

With the merger, the Comerica name remained, inserted into the familiar blue trapezoid of Manufacturers to form a new logo for a new Comerica. Manufacturers' chairman and CEO Gerald V. MacDonald became the combined company's first CEO. With the merger, Comerica became the country's 25th largest bank holding company, with assets in excess of $20 billion.

In 1993 Eugene Miller succeeded MacDonald as chairman and chief executive of Comerica. Miller, who joined the company in 1955, possessed the vision and drive to take the company to a higher level. He launched a review and reengineering project that streamlined bureaucracy, dropped businesses or products that were unprofitable, strengthened the company's top-performing lines and took Comerica into the Canadian and Mexican markets. While redesigning the company, Miller never lost sight of the needs of the customer.

In 2001, it was announced that Vice Chairman Ralph W. Babb Jr. would succeed Miller as president and chief executive officer. Babb, who was Comerica's chief financial officer, assumed the duties and responsibilities of president and chief executive officer on January 1, 2002. Miller remained chairman until his retirement at the end of September 2002, at which time he was succeeded in that role by Babb. Babb also joined the Board of Directors.

In late 2004, Babb and Comerica began an aggressive plan to diversify its operations by opening new banking centers in strong growth markets, primarily in Texas and the Western Market, which includes California and Arizona. Comerica opened 18 new banking centers in 2005 and 25 new banking centers in 2006.

In March 2007, Comerica Incorporated announced plans to relocate its corporate headquarters to Dallas, Texas. The relocation to Texas, where Comerica already has a major presence, positions the Company in a more central location with greater accessibility to all of its markets. Comerica will maintain its significant presence in Detroit, remaining one of Southeast Michigan’s largest employers. Over the past three years, Comerica has been advancing its strategy to diversify its customer base and extend its reach into key high-growth markets. A significant percentage of Comerica’s earnings is now generated in the Texas, Arizona, California and Florida markets. Moving the corporate headquarters to Dallas gives Comerica greater proximity to all of its markets, and the additional resources in these markets is expected to lead to accelerated growth for Comerica.

In August 2007, Comerica announced the location of its new corporate headquarters at 1717 Main Street in downtown Dallas. Designed by Philip Johnson and John Burgee, architects, the building at 1717 Main is a dynamic part of the Dallas skyline. At 787 feet tall, it is the third largest skyscraper in Dallas and the sixth tallest building in Texas. The building has been renamed Comerica Bank Tower. Comerica will lease the first five floors of the distinctive granite and glass building, which will have a Comerica banking center on the first floor. The Class AA building serves as a hub for the underground pedestrian walkway system that connects retail shops, restaurants and other area buildings.

In 2009, Comerica Bank dedicated its first Leadership in Energy and Environmental Design (LEED)-certified facility, the Fossil Creek Banking Center, in Fort Worth, Texas. LEED is the U.S. Green Building Council's official rating system for designing and constructing the world's greenest, most energy-efficient and high-performing buildings.The LEED certification of Comerica's Fossil Creek Banking Center was based on a number of green design and construction features including:

Environmentally friendly concrete instead of asphalt to reduce heat absorption
An on-site recycling center for use by customers and employees
High efficiency plumbing fixtures and a special drip irrigation system designed to decrease landscape watering needs by 50 percent
Use of special paints, sealants,and carpeting to promote an environmentally friendly and healthy workplace
Special roof material and design, continuous building insulation and high-performance glass to decrease electricity use and greenhouse gas emissions

In December 2010, the Federal Reserve Bank of Dallas rated Comerica Bank's Community Reinvestment Act (CRA) program "Outstanding." The rating considers three elements:

loans made to families with low or moderate incomes
investments in low or moderate income communities
services extended to individuals and businesses in such communities.

In all individual elements, Comerica received an "Outstanding" score. This is the 8th consecutive "Outstanding" CRA rating that Comerica has achieved.

North American Presence

Reach and Scope
In addition to our primary U.S. locations in Texas, Arizona, California, Florida and Michigan (shaded on adjacent map), Comerica business units can be found in other locations (see table, below).

The Comerica service area also extends into Canada and Mexico. Our North American platform enables us to fulfill the U.S., Mexican and Canadian dollar-based needs of our commercial customers.

Comerica Incorporated Subsidiaries

Comerica Bank and subsidiaries comprise the Comerica Incorporated family, offering a broad spectrum of products and services to our customers.

Comerica Bank

Michigan Market
Headquartered in Detroit with offices in metropolitan Detroit and greater Ann Arbor, Battle Creek, Grand Rapids, Jackson, Kalamazoo, Lansing, Midland and Muskegon.

Thomas D. Ogden
President-Michigan Market
MC 3262
500 Woodward Avenue
Detroit, Michigan 48226

Product Information: Tel: 800-292-1300
Directory Telephone: Tel: 248-371-5000 or 313-222-4000

Western Market

The Western Market of Comerica Bank includes banking centers in key California markets, including: San Francisco and the East Bay, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, Santa Cruz/Monterey; and the Inland Empire; and banking centers in Phoenix/Scottsdale, Arizona.

National business units based in the Western Market include: Entertainment, in Beverly Hills; Financial Services, in Los Angeles; and Technology & Life Sciences, with offices in California, Texas, Massachusetts, Virginia, and Washington.

J. Michael Fulton
President-Western Market
MC 4805
333 W. Santa Clara Street
San Jose, California 95113-1713
Tel: 408-556-5000

Texas Market

Since relocating its corporate headquarters to Dallas in March 2007, Comerica became the largest U.S. banking company headquartered in Texas. The Texas Market of Comerica Bank includes full-service banking centers in key Texas metropolitan areas, including Dallas-Fort Worth, Houston and Austin.

National business units based in the Texas Market include Energy Lending and Heavy Equipment Lending. In addition, Austin serves as the regional headquarters for the bank's Technology & Life Sciences division.

Patrick Faubion
President-Texas Market
MC 6507
1717 Main Street
Dallas, Texas 75201
Tel: 214-589-1400

Florida Market

Headquartered in Boca Raton, Comerica's Florida Region; specializes in providing high net worth banking and other Wealth & Institutional Management services, with offices in Boca Raton, Fort Lauderdale, Palm Beach Gardens, Naples, Sarasota, Weston, and Stuart. National business of Comerica operating in Florida include Middle Market Banking, National Dealer Services, Commercial Real Estate, International Trade Services and SBA Lending.

Randy B. Nobles
President-Florida Market
MC 5172
1675 N. Military Trail
Suite 600
Boca Raton, Florida 33486
Tel: 561-961-6600 or800-777-7198

Comerica Bank - Canada Branch

Headquartered in Toronto, Comerica's Canada branch specializes in providing a wide range of corporate banking, treasury, cash management and trade services in Canada through offices in Toronto and Windsor.

Randall J. Morris
Principal Officer
Royal Bank Plaza, South Tower
200 Bay Street, Suite 2210
P.O. Box 61
Toronto, Ontario M5J2J2
Tel: 416-367-3113

Comerica Bank - Mexico Representative Office

Comerica provides a wide range of corporate banking and trade finance services to companies through its representative office in Monterrey, Mexico.

Josef Koberl
First Vice President
Comerica Bank - Representative Office in Mexico
Edificio Torre Comercial America
Batallon de San Patricio #111, Piso 17
Colonia Valle Oriente
Garza Garcia, Nuevo Leon, C.P. 66269
Mexico
Tel: 011-52-818-368-0316

Comerica Incorporated Subsidiaries

Comerica Insurance Services, Inc
Offers life, disability, long-term care, group benefits, and property and casualty insurance to businesses and individuals.

Comerica Leasing Corporation
Provides equipment leasing and financing services for businesses throughout the United States.

Comerica Securities
A full-service broker/dealer that offers stocks, bonds, and other investments to individual investors, along with investment banking services.

Wilson, Kemp & Associates, Inc.
Provides account management services to private investors, corporations, municipalities and charitable institutions throughout the United States.

World Asset Management, Inc.
Offers passively managed index portfolios to corporations, municipalities, Taft-Hartley clients, endowments, foundations, hospitals and private clients.

Customer Contact Center
Tel: 1-800-292-1300

Customer Resource Center Ralph Babb

To our valued customers:

During this slow economic recovery, we understand the importance of having confidence in your bank. This site is designed to keep you updated on Comerica news, including our strengths related to capital position and credit ratings, and programs in which we are participating.

At Comerica we believe our business is to help you be successful. And we look forward to continuing to deliver the quality products, solutions and services that help you achieve your financial goals.

Ralph W. Babb Jr.
Chairman and CEO

Personal Finance Customers

Our goal is and has always been to stay close to our customers, especially during this phase of the economic cycle. With a skilled and experienced team, we will continue to serve as trusted advisors and financial partners who are focused on building strong customer relationships.

For more than 160 years, Comerica has stood the test of time by standing by our principles and avoiding unnecessary risk for our customers. During this current economic environment, consider these important facts:

Strong Capital Position¹. A company's capital is the foundation on which it grows and operates its business, and is a key indicator of a company's strength. Comerica Inc.'s capital position remains strong, totaling more than $9 billion (well in excess of Federal bank regulatory requirements), and the quality of our capital is solid. Our strong capital base will continue to provide us with opportunities to expand new and existing customer relationships.

Consistent Credit Standards. Throughout economic cycles, we maintain consistent credit standards and exposure guidelines with a conservative business strategy.

Strong Ratings¹. Our prudent and conservative approach has earned us strong bank ratings. Our long-term deposits are presently rated “A1” by Moody’s Investors Service, “A” by Standard & Poor’s and “A+” by Fitch Ratings.

Federal Deposit Insurance Corporation (FDIC) Insurance Coverage. Comerica Bank is a Member FDIC. As such, the FDIC protects and insures all deposits at Comerica Bank.

Depositor Types:   FDIC coverage is available to all depositors, including consumers, businesses, and government entities.

Deposit Types:   FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account (a/k/a interest-bearing checking account), savings account, money market (MMIA) or time deposit such as a certificate of deposit (CD).

Cashiers' checks, officers' checks, expense checks, loan disbursement checks, interest checks, outstanding drafts, negotiable instruments and money orders drawn on Comerica Bank are also considered deposits, and are protected by FDIC. Collectively, these types of instruments are referred to as "official checks."

Standard Coverage Limit:   The standard FDIC insurance coverage amount is $250,000 per depositor, per insured bank, for each ownership category.

The current basic FDIC ownership categories and their aggregate coverage limits are as follows ²:

Single Accounts (owned by one person) $250,000 per owner

Joint Accounts (two or more persons) $250,000 per co-owner

IRAs and certain other retirement accounts $250,000 per owner

Trust Accounts $250,000 per owner per beneficiary

The Dodd-Frank Wall Street Reform and Consumer Protection Act: As a result of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, FDIC current standard maximum deposit insurance amount (SMDIA) limits were permanently increased from $100,000 to $250,000 per depositor.

From December 31, 2010 through December 31, 2012, all noninterest-bearing transaction accounts are fully insured, regardless of the balance of the account and the ownership capacity of the funds. This coverage is available to all depositors, including consumers, businesses, and government entities. The unlimited coverage is separate from, and in addition to, the insurance coverage provided for a depositor's other accounts held at an FDIC-insured bank. A noninterest-bearing transaction account is a deposit account where:

Interest is neither accrued nor paid;

Depositors are permitted to make an unlimited number of transfers and withdrawals; and

The bank does not reserve the right to require advance notice of an intended withdrawal.

On December 22, 2010, Congress passed a bill to amend the Federal Deposit Insurance Act to include Interest on Lawyers Trust Accounts (IOLTAs) within the definition of noninterest-bearing transaction accounts. This amendment will provide IOLTAs with the same temporary, unlimited insurance coverage afforded to noninterest- bearing transaction accounts under the Dodd-Frank Wall Street Reform and Consumer Protection Act. President Obama signed the legislation into law on December 29, 2010.

Important Information About Deposit Insurance Coverage: Sterling Bank, Bank of the Hills and Comerica Bank are the same FDIC-insured institution. Deposits held under Comerica Bank or the trade names Sterling Bank or Bank of the Hills are not separately insured but are combined to determine whether a depositor has exceeded basic federal deposit insurance limits.

Note: Money Market (MMIAs) and Negotiable Order of Withdrawal (NOW) accounts are not eligible for this temporary unlimited insurance coverage, regardless of the interest rate, even if no interest is paid.

Additional Resources: For specific information regarding FDIC ownership categories, or to compute your actual insurance coverage amount, you can also utilize these FDIC resources:

FDIC Insurance Ownership Categories: http://www.fdic.gov/deposit/deposits/insured/ownership.html

FDIC's Electronic Deposit Insurance Estimator (EDIE): https://www.fdic.gov/edie/index.html

Call the FDIC Toll-Free at: 877-ASK-FDIC 877.275.3342

Diversified Loan Portfolio. Our loan portfolio is geographically diversified and balanced among our many lines of business. We are not reliant on a single business or geographic location for our growth and revenue. This diversification strategy has served us well through the years.

Disclosures

¹ Estimated as of Sept. 30, 2011.
² The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

Business Owners

At Comerica we understand how important it is for a business to run smoothly, evolve seamlessly and thrive. Our goal is and has always been to stay close to our customers, especially during this phase of the economic cycle. With a skilled and experienced team, we will continue to serve as trusted advisors and financial partners who are focused on building strong customer relationships.

Strong Capital Position¹. A company's capital is the foundation on which it grows and operates its business, and is a key indicator of a company's strength. Comerica Inc.'s capital position remains strong, totaling more than $9 billion (well in excess of Federal bank regulatory requirements), and the quality of our capital is solid. Our strong capital base will continue to provide us with opportunities to expand new and existing cusomer relationships.
Consistent Credit Standards . Throughout economic cycles, we maintain consistent credit standards and exposure guidelines with a conservative business strategy.
Strong Ratings¹. Our prudent and conservative approach has earned us strong bank ratings. Our long-term deposits are presently rated “A1” by Moody’s Investors Service, “A” by Standard & Poor’s and “A+” by Fitch Ratings.
Federal Deposit Insurance Corporation (FDIC) Insurance Coverage. Comerica Bank is a Member FDIC. As such, the FDIC protects and insures all deposits at Comerica Bank.

Depositor Types:   FDIC coverage is available to all depositors, including consumers, businesses, and government entities.

Deposit Types:   FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account (a/k/a interest-bearing checking account), savings account, money market (MMIA) or time deposit such as a certificate of deposit (CD).

Cashiers' checks, officers' checks, expense checks, loan disbursement checks, interest checks, outstanding drafts, negotiable instruments and money orders drawn on Comerica Bank are also considered deposits, and are protected by FDIC. Collectively, these types of instruments are referred to as "official checks."

Standard Coverage Limit:   The standard FDIC insurance coverage amount is $250,000 per depositor, per insured bank, for each ownership category.

The current basic FDIC ownership categories and their aggregate coverage limits are as follows ²:
- Single Accounts (owned by one person) $250,000 per owner
- Joint Accounts (two or more persons) $250,000 per co-owner
- IRAs and certain other retirement accounts $250,000 per owner
- Trust Accounts $250,000 per owner per beneficiary
The Dodd-Frank Wall Street Reform and Consumer Protection Act: As a result of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, FDIC current standard maximum deposit insurance amount (SMDIA) limits were permanently increased from $100,000 to $250,000 per depositor.

From December 31, 2010 through December 31, 2012, all noninterest-bearing transaction accounts are fully insured, regardless of the balance of the account and the ownership capacity of the funds. This coverage is available to all depositors, including consumers, businesses, and government entities. The unlimited coverage is separate from, and in addition to, the insurance coverage provided for a depositor's other accounts held at an FDIC-insured bank. A noninterest-bearing transaction account is a deposit account where:

Interest is neither accrued nor paid;
Depositors are permitted to make an unlimited number of transfers and withdrawals; and
The bank does not reserve the right to require advance notice of an intended withdrawal.

Additional Resources:: For specific information regarding FDIC ownership categories, or to compute your actual insurance coverage amount, you can also utilize these FDIC resources:

FDIC Insurance Ownership Categories: http://www.fdic.gov/deposit/deposits/insured/ownership.html
FDIC's Electronic Deposit Insurance Estimator (EDIE): https://www.fdic.gov/edie/index.html
Call the FDIC Toll-Free at: 877-ASK-FDIC 877.275.3342

Wealth Management Clients

Comerica’s Wealth Management team is dedicated to understanding and responding to your distinct needs and goals and to incorporating a full spectrum of services to shape your financial future.

Our goal is and has always been to stay close to our clients, especially during this phase of the economic cycle. With a skilled and experienced team, we will continue to serve as trusted advisors and financial partners who are focused on building strong client relationships.

For more than 160 years, Comerica has stood the test of time by standing by our principles and avoiding unnecessary risk for our clients. During this current economic environment, consider these important facts:

Strong Capital Position¹. A company's capital is the foundation on which it grows and operates its business, and is a key indicator of a company's strength. Comerica Inc.'s capital position remains strong, totaling more than $9 billion (well in excess of Federal bank regulatory requirements), and the quality of our capital is solid. Our strong capital base will continue to provide us with opportunities to expand new and existing customer relationships.
Consistent Credit Standards. Throughout economic cycles, we maintain consistent credit standards and exposure guidelines with a conservative business strategy.
Strong Ratings¹. Our prudent and conservative approach has earned us strong bank ratings. Our long-term deposits are presently rated “A1” by Moody’s Investors Service, “A” by Standard & Poor’s and “A+” by Fitch Ratings.
Federal Deposit Insurance Corporation (FDIC) Insurance Coverage. Comerica Bank is a Member FDIC. As such, the FDIC protects and insures all deposits at Comerica Bank.

Depositor Types:   FDIC coverage is available to all depositors, including consumers, businesses, and government entities.

Deposit Types:   FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account (a/k/a interest-bearing checking account), savings account, money market (MMIA) or time deposit such as a certificate of deposit (CD).

Cashiers' checks, officers' checks, expense checks, loan disbursement checks, interest checks, outstanding drafts, negotiable instruments and money orders drawn on Comerica Bank are also considered deposits, and are protected by FDIC. Collectively, these types of instruments are referred to as "official checks."

Standard Coverage Limit:   The standard FDIC insurance coverage amount is $250,000 per depositor, per insured bank, for each ownership category.

The current basic FDIC ownership categories and their aggregate coverage limits are as follows ²:
- Single Accounts (owned by one person) $250,000 per owner
- Joint Accounts (two or more persons) $250,000 per co-owner
- IRAs and certain other retirement accounts $250,000 per owner
- Trust Accounts $250,000 per owner per beneficiary
The Dodd-Frank Wall Street Reform and Consumer Protection Act: As a result of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, FDIC current standard maximum deposit insurance amount (SMDIA) limits were permanently increased from $100,000 to $250,000 per depositor.

From December 31, 2010 through December 31, 2012, all noninterest-bearing transaction accounts are fully insured, regardless of the balance of the account and the ownership capacity of the funds. This coverage is available to all depositors, including consumers, businesses, and government entities. The unlimited coverage is separate from, and in addition to, the insurance coverage provided for a depositor's other accounts held at an FDIC-insured bank. A noninterest-bearing transaction account is a deposit account where:

Interest is neither accrued nor paid;
Depositors are permitted to make an unlimited number of transfers and withdrawals; and
The bank does not reserve the right to require advance notice of an intended withdrawal.

Additional Resources:: For specific information regarding FDIC ownership categories, or to compute your actual insurance coverage amount, you can also utilize these FDIC resources:

FDIC Insurance Ownership Categories: http://www.fdic.gov/deposit/deposits/insured/ownership.html
FDIC's Electronic Deposit Insurance Estimator (EDIE): https://www.fdic.gov/edie/index.html
Call the FDIC Toll-Free at: 877-ASK-FDIC 877.275.3342

Managed Wealth through Trusts and Investments. Comerica’s Wealth Management division³ oversees $104 billion of our clients’ assets. Our relationship managers use the most advanced financial tools available to help clients grow and protect their wealth. For example, we provide many deposit and investment offerings through our Trust Administration and Custody Services.

Remember, assets held in trust and fiduciary accounts are not assets of the bank and are segregated from the bank’s assets. This means, the assets are not subject to the claims of the bank’s creditors and regardless of the bank’s situation as trust, fiduciary or custodial accounts remain the property of the account’s owner(s).

SIPC-Protected Assets. Comerica Securities, Inc. is a member of the Securities Investor Protection Corporation (SIPC). When investing with Comerica Securities, Inc., your assets are safeguarded through the SIPC coverage on your brokerage account against broker-dealer insolvency. The SIPC does not protect against investment risk, including the possible loss of principal on an investment. Visit www.sipc.org for coverage details.

Disclosures:

¹ Estimated as of Sept. 30, 2011.

² The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

³ Comerica’s Wealth & Management team consists of various divisions of Comerica Bank, member FDIC, and also subsidiaries of Comerica Bank, including World Asset Management, Inc., Wilson, Kemp & Associates, Inc., Comerica Insurance Services and Comerica Securities, Inc. Securities products and services are offered through Comerica Securities, Inc., members FINRA and SIPC, but such securities offered are NOT insured by the FDIC; are NOT deposits or obligations of, or guaranteed by Comerica Bank or any of its affiliates; and involve risk, including the possible loss of principal. Comerica Securities, Inc. is also a federally Registered Investment Advisor. Insurance products are offered through Comerica Insurance Services, but such insurance products are NOT insured by the FDIC or any government agency; are NOT deposits or obligations of, or guaranteed by Comerica Bank or any of its affiliates; may lose value; and are solely the obligation of the issuing insurance company Comerica Securities, Inc. and Comerica Insurance Services are subsidiaries of Comerica Bank.

Political Activities and Contributions

The financial services industry is subject to regulation at all levels of government. Changes in federal, state and local laws can have a major impact on our businesses. As such, Comerica Incorporated (Comerica) is committed to diligently monitoring and participating in the political process.
Comerica Government Relations Group
The Government Relations Group is part of Comerica’s Corporate Compliance and Public Affairs Department. The group works closely with the three major business segments — Business Banking, Retail Banking and Wealth & Institutional Management — to manage the company’s legislative and political activities, including the Comerica Political Action Committee.
Comerica Political Action Committee

One way Comerica participates in the political process is through contributions from its political action committee (PAC). The PAC annually solicits contributions from eligible employees and makes bipartisan contributions — all in compliance with local, state and federal election laws — to political candidates and committees who understand and support Comerica’s pro-banking, pro-business philosophy. All political contributions and guidelines are developed and approved by a separate PAC Board comprised of senior executives from across the company’s major business segments.

While Comerica colleagues are encouraged to participate in the political process on their own time, they are not pressured to make personal contributions. Personal political contributions made by Comerica colleagues will not be reimbursed directly or indirectly by the company.

Comerica does not use corporate funds to make direct political contributions to candidates for public office or groups organized to influence political campaigns under Section 527 of the Internal Revenue Code. From time to time, however, Comerica will contribute corporate funds to support state and local ballot initiatives if the company believes that passage of such initiatives will enhance the quality of life in the communities where our customers and employees live, work and raise their families.

For a complete list of Comerica PAC contributions between 11/1/09 and 10/31/10, please see the link below. This list is updated annually in November.

Comerica Trade Association Memberships
Comerica belongs to several financial services-related trade associations across the country. Membership benefits include numerous business opportunities for the company and effective grassroots advocacy on behalf of the industry. A portion of the trade association dues that Comerica pays are used for lobbying and/or political activities and are non-deductible under Section 162(e)(1) of the Internal Revenue Code.
For a list of trade associations to which Comerica belongs, as of 6/24/10, please see the link below. This list is updated annually in November.
For More Information
If you have any questions about the Government Relations Group and Comerica’s legislative and political activities, please contact Dan Donohoe, Director of Government Relations, at ddonohoe@comerica.com.

Diversity Commitment

"We all know that when we truly reflect the demographics of our markets, we will better serve our customers, grow our business and build an even stronger organization. It makes good business sense."

Ralph W. Babb,Jr.
Chairman and Chief Executive Officer
As one of our company's core values, diversity standards recognize behavior that:

Effectively utilizes and values similarities and differences in people to create a broad, richer work environment that encourages creative thinking and solutions.

Recognizes and leverages the benefits realized from a broad range of ideas, viewpoints and backgrounds working together to produce superior products and services for a diverse marketplace.

Embraces the inclusion of all talented and qualified individuals, regardless of differences in beliefs, experiences, backgrounds or physical characteristics.

Treats all colleagues, customers and suppliers fairly, with dignity and respect.

Workforce Diversity

Our goal is to create a workplace where the best talent seeks employment. We know that diversity in the workforce will support our mission of helping people to be successful. A diverse workforce will help by connecting us to a wider customer base, enhancing our community relations and enriching our pipeline of new ideas and approaches to customer service. Comerica is committed to ensuring a diverse workforce, inclusive of those who possess different ancestries, races, colors, religions, genders, national origins, ages, physical and mental abilities, medical conditions, veteran status, marital status, heights, weights, sexual orientations and gender identities. We actively recruit through a variety of diverse networks for the best candidates and provide a comprehensive benefit program reflecting the diverse needs of our employees. See our Career Center for more information.

Business Outreach

We are committed to becoming the Financial Services Provider of Choice in the diverse communities we serve. We are especially proud of our marketing initiatives focused on the African American, Hispanic, Asian American, Arab and Chaldean American and Women's markets. Consistent with our core business focus on relationship banking, our objective in these initiatives is to increase customer access to experienced colleagues who understand the unique needs, perspectives and opportunities of individuals and businesses in these market segments.

Community Outreach

We take pride in the support we provide to our multi-cultural communities. We know that by building strong communities, our company will grow stronger. We are proud to be a "Partner of Choice" in our communities. We support numerous programs and projects for housing, economic development, cultural and civic organizations, health and education. In addition to financial resources, our colleagues contribute their time and expertise to support many community organizations.

School Support

Education is a foundation for the success of our communities and consequently, our business. We enhance our schools' academic curriculum with supportive programs. In addition, we distribute programs that focus on increasing financial literacy across all ages in all of our communities. Many colleagues volunteer personally to conduct these programs in our communities.

The largest U.S. banks

Monday, January 16, 2012

Comerica Bank

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