LOS ANGELES, Sept. 14 /PRNewswire/ -- Comerica Bank, one of the 25 largest banking companies in the U.S., announced today the opening of a new banking center at 6540 Irvine Center Drive, Irvine, continuing its retail bank expansion in Southern California. The newest Comerica Bank location is the sixth banking center in Orange County.
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David White, Southern California regional president of Comerica Bank's Western Market said, "We're continuing to combine the power of national lending and local banking in Orange County. Comerica Bank's ongoing retail bank expansion in this region increases the convenience to customers and achieves significant customer service."
Comerica Bank now has 62 banking centers in California, including centers in Los Angeles, Orange County, San Diego, San Fernando Valley, West Los Angeles and El Segundo -- a 50 percent increase in less than three years. The bank this week announced its plans to open 10 new banking centers in California in the next six months, including six more in Southern California.
The manager of the new Irvine office is Fazila Jahangiri, a former manager of IronStone bank who brings 15 years' experience in the financial services industry. She has served on various boards including the Mission Regional Hospital Foundation Gala committee. She also volunteered as financial literacy instructor at Ranch Santiago College. She is an active member of the local Irvine Chamber of Commerce.
The new banking center is open Monday-Thursday, 9 a.m. to 5 p.m., Friday 9 a.m. to 6 p.m., and Saturday from 9 a.m. to 1 p.m. The new location opened its doors on August 7.
The Western Market of Comerica Bank includes 67 retail banking centers in two states, California and Arizona: 62 in the key California markets of San Francisco, the East Bay, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, and Santa Cruz/Monterey. There are also five banking centers in the greater Phoenix, Arizona market.
National business units based in the Western Market are: Entertainment, in Beverly Hills; Financial Services, in Los Angeles; Small Business Administration Lending, with offices in Arizona, California, Colorado, Florida, Michigan, and Texas; and Technology & Life Sciences, with offices in California, Texas, Massachusetts, New York, Virginia, Washington and Canada.
In the second quarter of 2006, the bank's Western Market generated 32 percent of the net income for Comerica Incorporated, on approximately $16.6 billion in assets at June 30, 2006. Comerica Bank is a subsidiary of Comerica Incorporated , a financial services company headquartered in Detroit strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people be successful. Comerica bank locations can be found in Michigan, California, Texas, Florida and Arizona, with select businesses operating in several other states, Canada and Mexico. Comerica reported total assets of $57.1 billion at June 30, 2006. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts. (Or, for more information, go to http://www.comerica.com/ .)
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