LOS ANGELES, Nov. 16 /PRNewswire-FirstCall/ -- Comerica Bank, continuing its expansion in Los Angeles County, has opened two banking centers in San Fernando Valley/Burbank and Hollywood.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )
* Burbank Banking Center is located at 801 N. San Fernando Blvd, Burbank.
The manager is Rowena Mueckay Hofman.
* Hollywood Banking Center is located at 6255 W. Sunset Blvd, Los
Angeles. The manager is Yalda Noorzai.
The announcement today by David White, Southern California regional president of Comerica Bank's Western Market, of the 10th new banking center in California in 2006 continues a banking center expansion in Los Angeles County. There are now 17 Comerica banking centers in Los Angeles County.
"We're continuing to combine the power of national lending and local banking in Los Angeles County. Comerica Bank's ongoing banking center expansion in this region increases customer convenience with additional network of access points," White said.
This strategy has seen the number of Comerica banking centers in California grow from 41 in early 2004 to 68 this week. White said the growth will accelerate in 2007: He anticipates there will be 86 Comerica banking centers in California by January 2008. Comerica Bank plans to accelerate the pace of its banking center expansion and its business-line diversification in fast-growing markets in California, Arizona, Texas and Florida over the next four years.
In mid-2006, 37 percent of Comerica banking centers were located outside of Michigan; by the end of 2010, the bank expects more than half of its banking centers will be located in the new Western and Sun Belt markets. The new banking centers feature Saturday banking hours, ATMs and night- depositories.
About Comerica Bank
The Western Market of Comerica Bank includes 73 retail banking centers in two states, California and Arizona: 68 in the key California markets of San Francisco and the East Bay, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, and Santa Cruz /Monterey; also, five banking centers in greater Phoenix, Ariz. In the third quarter of 2006, the Western Market generated 29 percent of the net income for Comerica Incorporated, on approximately $16.6 billion in assets at Sept. 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 reported total assets of $58.5 billion at September 30, 2006. For more information, go to http://www.comerica.com/ .
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