DALLAS, June 17, 2016 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced that it has received a 2016 Corporate Social Responsibility Leadership award from the Financial Services Roundtable (FSR). The award demonstrates appreciation and encouragement to the employees of Roundtable member companies for their commitment to the values of volunteerism, corporate social responsibility, and financial literacy.
All FSR member companies are eligible for the award; Comerica is one of 21 companies to win the award this year. Comerica also was a recipient of the award last year.
"The Financial Services Roundtable commends Comerica for its tireless effort to improve the well-being of their customers and communities," said FSR Vice President of Corporate Social Responsibility Judy Chapa.
The 2016 awards were presented during a reception in Washington, D.C. with the Corporate Social Responsibility Honorary Congressional Host Committee, held Wednesday evening in the Rayburn House Office Building on Capitol Hill.
"Comerica is fortunate to have thousands of colleagues on our team who volunteer their time each day to support local charities and organizations," said Patricia McCann, National Civic Affairs manager, who accepted the award on behalf of the bank. "In 2015, Comerica employees donated their personal time and talents, nearly 74,000 hours, to make a positive difference in our communities."
Comerica also contributed nearly $9 million to not-for-profit organizations in 2015, and the bank's employees raised more than $2.1 million for the United Way and Black United Fund.
With respect to financial literacy, Comerica has partnered with EverFi, for example, to bring the Comerica Money $ense Program to local students at no cost to schools or taxpayers and has reached more than 2,000 students who have completed 5,300 learning modules since the 2014-15 school year. The web-based program uses the latest in simulation and gaming technologies to bring complex financial concepts to life for today's digital generation.
"Comerica is committed to the communities it serves and enhancing educational opportunities that give students a better chance of being successful," said Irv Ashford, Community Development and External Affairs director. "We're proud to be a partner in this quest to prepare our students to become good financial stewards."
About the Financial Services Roundtable
The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America's economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs. Learn more at FSRoundtable.org.
About Comerica
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $69.0 billion at March 31, 2016.
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SOURCE Comerica Incorporated
