DALLAS, Sept. 26,
2023 /PRNewswire/ -- Comerica Bank and its commitment
to building stronger communities earned national recognition as the
American Bankers Association (ABA) Foundation named the Comerica
Cares program a recipient of a 2023 ABA Foundation Community
Commitment Award. The award was given to Comerica for its efforts
in the Volunteerism category and will formally present the honor
during the ABA's annual convention on Tuesday, Oct. 10.
"Comerica is built on relationships, those with our customers,
colleagues and local communities," said Wendy Bridges, Comerica Executive Vice President
of Corporate Responsibility. "Our colleagues continue to rally
behind our efforts to build strong and sustainable communities
fueled through volunteerism. We believe colleagues at all levels of
our organization gain valuable and relevant community insight
through volunteering to make a difference in their community."
Since its inception in 2009, the Comerica Cares program has
served to build stronger communities across the bank's footprint by
supplying colleagues volunteer opportunities. Aligning with
Comerica's core values, specifically, being "A Force for Good," the
Comerica Cares program provides colleagues with the opportunities
to give their time and talent to community partners and nonprofits
such as participating on boards, conducting financial education
training sessions or providing services requested by local
community groups.
In 2022 alone, Comerica combined to:
- Conduct volunteer projects with colleagues assisting area
nonprofits and community partners, amassing more than 66,000
volunteer hours which translates to nearly $2 million worth of donated time.
- Reach more than 80,000 low- to moderate-income individuals
during its Comerica $ense financial education sessions.
- Host more than 2,000 in-person, virtual and hybrid Comerica
Business $ense Workshops in diverse communities and in multiple
languages, including Spanish and Arabic.
Entries for the ABA Foundation Community Commitment Awards were
submitted for consideration across seven categories: affordable
housing, community and economic development, financial education,
economic inclusion, protecting older Americans, supporting military
families and volunteerism. Award winners were chosen by nationally
recognized experts in each field.
The selection committee chose the winning banks based on the
creativity and thoughtfulness of programs – traditional or
innovative in nature and structure – that embody the ideals of
corporate social responsibility and demonstrate success in making
an impact.
"The nominations in each of these categories were incredibly
strong, making this year's winners even more impressive," said
Lindsay Torrico, executive director,
ABA Foundation. "We applaud Comerica for their commitment to
community engagement and hope other banks across the country will
be inspired by its Comerica Cares program."
To learn more about the ABA Foundation Community Commitment
Awards, visit aba.com/awards.
About Comerica
Comerica Incorporated (NYSE: CMA) is a financial services
company headquartered in Dallas, Texas, and strategically aligned by three
business segments: The Commercial Bank, The Retail Bank and Wealth
Management. Comerica, one of the 25 largest U.S. financial holding
companies, focuses on building relationships and helping people and
businesses be successful. Comerica provides more than 400 banking
centers across the country with locations
in Arizona, California, Florida, Michigan and Texas.
Founded 174 years ago in Detroit, Michigan, Comerica continues to expand into
new regions, including its Southeast Market, based in North
Carolina, and Mountain West Market in Colorado. Comerica has
offices in 17 states and services 14 of the 15 largest U.S.
metropolitan areas, as well as Canada and Mexico. Comerica reported total assets
of $90.8 billion at June 30, 2023. Learn more about
how Comerica is raising expectations of what a bank can be by
visiting www.comerica.com, and follow us on Facebook, Twitter,
Instagram and LinkedIn.
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SOURCE Comerica Bank