KIRKLAND, Wash., November 5, 2003 -- Comerica Bank announced today that it is making substantial contributions to three very deserving community-based organizations in the greater Seattle area. The grants are the bank's way of supporting the work these agencies do in providing technical assistance to small business and affordable housing providers who focus on low-income, minority, disabled and woman-owned small businesses.
Executives from the agencies selected will receive contribution checks totaling $95,000 during a special ceremony at 10 a.m. on Nov. 7 at the Kirkland Teens Center in Kirkland. The contributions are part of a Community Reinvestment Act (CRA) grant program being implemented by Comerica Bank in which a total of $997,500 is being donated to 35 organizations in California and the state of Washington this fall.
1) Kirkland Teens Center (Kirkland) $25,000
Mission: To develop, provide and advocate services for children, youth, their families and communities that encourage individual growth and promote constructive relationships. Cory Sheppard, Manager, (425) 822-3088, ext. 202.
2) Smart Girls (Seattle) $25,000
Mission: Fostering an environment where girls can explore science, math and technology through hands-on activities. Lizanne Vaughan, President, (206) 365-2014.
3) Cascadia Revolving Fund (Seattle) $45,000
Mission: Provides loans and technical assistance to entrepreneurs and nonprofit organizations unable to access traditional financing and support. Shaw Canale, Executive Director & CEO, (206) 447-9226, ext. 104.
"These funds represent support to three outstanding organizations that are making a difference in assisting low income youth and families within the Seattle/Kirkland areas," said Otis Watson, Comerica's Community Reinvestment Market Manager for Northern California/Washington State.
About Comerica Bank
Comerica Bank is a subsidiary of Comerica Incorporated, a financial services company strategically aligned into the Business Bank, Small Business Banking & Personal Financial Services, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people become successful. Comerica Incorporated reported total assets of $55 billion at September 30, 2003. The Western Division of Comerica Bank includes more than 70 offices (42 branches) in California, Arizona, Colorado, Oregon and Washington. National businesses originating from the Western Division include Small Business Administration Lending, which has 31 offices in 14 states; and Technology and Life Sciences, with offices in major technology centers nationwide.
Media Contact:
Keith Turner
(408) 556-5111
