LOS ANGELES, Jan. 3 /PRNewswire-FirstCall/ -- Comerica Bank, continuing its expansion in Orange County, announced it has opened two new banking centers in Anaheim and Tustin in the past five weeks.
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Comerica Bank, one of the 25 largest banking companies in the U.S., now has eight banking centers in Orange County, where its total employment has grown to approximately 160. In early 2004 there was one Comerica Bank location in Orange County.
The Detroit-based bank plans to open at least four new banking centers in Orange County in 2007, said David White, southern California regional president of Comerica Bank, who is based in Costa Mesa.
"Comerica Bank is well-situated to continue attracting new business clients and residents and to expand our banking center network," said David White, Southern California regional president of Comerica Bank's Western Market. "We have created a viable banking center presence in many key markets in California over the past few years, and continued growth in Orange County is especially important to us."
- Tustin Banking Center is located at 3025 El Camino Real, Tustin in the
Tustin Market Place. The manager is Marco V. Moncayo.
- Anaheim-Katella Banking Center is located at 2435 E. Katella, Bldg.A,
and Anaheim. The manager is Abir El-Borno.
The new banking centers feature Saturday banking hours, ATMs and night- depositories. They offer customers access to a wide range of banking services, including retail banking, small business banking, private banking and commercial banking. Since early 2004, Comerica has grown statewide from 41 banking centers to 70, and White said he anticipates there will be over 80 Comerica banking centers in California by January 2008.
Comerica Bank plans to increase 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. By the end of 2010, the bank expects more than half of its banking centers nationally will be located in these Western and Sun Belt markets.
About Comerica Bank
Comerica Bank -Western Market includes 75 banking centers in two states, California and Arizona: 70 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.
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