WINDSOR/June 16, 2003 - Comerica Bank today announced the opening of a commercial banking office in Windsor, Ontario, Canada. The office at 2485 Ouellette will focus on meeting the diverse financial needs of Windsor-area companies, particularly those in the automotive and manufacturing industries.
The new office will be staffed by two veteran Comerica colleagues with a combined 30 years of banking experience: Paul Kalbfleisch and Randall Morris, vice presidents in the Canada group of Comerica’s International Finance Department. Both are Canadian citizens.
"By opening this office, Comerica is sending a clear signal that it is further committed to the Windsor and southwestern Ontario markets," said Morris.
"We believe our Canadian business customers will appreciate Comerica’s active investment in Windsor, an important gateway community and major automotive and manufacturing center," added Kalbfleisch.
The Ouellette location provides a convenient one-stop shop for Windsor businesses looking for loans, cash management, international finance, foreign exchange and other banking-related services.
Comerica is no stranger to Canada: Detroit’s oldest and largest bank has had a full-service commercial banking operation in Toronto for five years and banking relationships with Canadian companies spanning two decades.
"Very few U.S. banks have Canadian operations," said Tom Higginbottom, senior vice president and officer-in-charge of International Finance for Comerica. "As a result of our North American focus, we are uniquely positioned to offer lending and other services to the middle market segment in Canada. Our consultative approach to relationship banking distinguishes us from the competition."
Comerica’s Windsor office can be reached by calling (519) 250-0460.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company strategically aligned into three major lines of business: the Business Bank, the Individual Bank and the Investment Bank. Through its more than 500 customer-service locations, including branch, lending and investment offices, Comerica focuses on relationships, which helps businesses and people be successful. Comerica is ideally positioned to deliver high quality financial services in Michigan, California and Texas, as well as in Florida, and numerous other states, Canada and Mexico. Munder Capital Management and Comerica Securities are investment services affiliates. Comerica reported total assets of U.S. $56 billion at March 31, 2003.
Media Contacts:
Sharon R. McMurray
(313) 222-4881
or
Wayne J. Mielke
(313) 222-4732
Investor Contacts:
Helen L. Arsenault
(313) 222-2840
or
Judith M. Chavis
(313) 222-6317
