Comerica /

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, USA. It has retail banking operations in Arizona, California, Florida, Michigan and Texas; and select business operations in several other U.S. states, as well as in Canada and Mexico. Comerica is among the twenty largest banking companies in the U.S., and has $55.9 billion in total assets and $39.8 billion in total deposits as of 30 June 2010; it is the largest bank holding company headquartered in Texas. Comerica's operating units include corporate banking, small business banking and personal financial services. Comerica employs 9,100 people. Its major operatons are located in Dallas, Detroit, Michigan and Auburn Hills, Michigan. Currently, Ralph W. Babb, Jr. is the Chairman of the Board of Directors and CEO; Elizabeth Acton is the CFO. Comerica was founded in Detroit by Elon Farnsworth in 1849 as the Detroit Savings Fund Institute. The company's name changed to The Detroit Savings Bank in 1871 and to simply The Detroit Bank in 1936, being one of the few area banks to survive the Great Depression. In 1956, it merged with Birmingham National Bank, Ferndale National Bank and Detroit Wabeek Bank