DETROIT, Mich./ May 2, 2012 – During a dedication ceremony Tuesday, Comerica Bank celebrated the official grand opening of Comerica Bank Center, its new Michigan market headquarters located at 411 W. Lafayette in Detroit. Representatives from Comerica Bank, including Ralph W. Babb Jr., chairman and chief executive officer of Comerica Inc., Thomas D. Ogden, president of Comerica Bank-Michigan and Linda D. Forte, senior vice president, Business Affairs and chief diversity officer of Comerica, Inc., along with community leaders including Mike Finney, President and CEO of the Michigan Economic Development Corporation, gathered at the newly renovated Comerica Bank Center to celebrate the official grand opening of the building and commemorate Comerica’s 162-year history in Michigan.
Michigan is home to the majority of Comerica’s more than 9,100 employees, 1,000 of whom are now housed at the new Comerica Bank Center.
“As the largest bank employer in the state, Comerica is proud of our 162-year history in Michigan and we remain committed to building on Michigan’s future,” said Thomas D. Ogden, president, Comerica Bank-Michigan. “The $17 million investment in our new Michigan headquarters demonstrates the significance of the Michigan market to Comerica.”
Comerica’s investment in its new headquarters included extensive renovations to the facility’s nine floors as well as the purchase of new office furniture from Michigan-based manufacturers. According to Ogden, Comerica hopes its investment will spur additional development in the west downtown area.
During its relocation to 411 W. Lafayette, Comerica worked to keep 530 tons of furniture and other surplus assets out of landfills, and in the process donated $22,000 in office furniture to local organizations.
Comerica and Detroit’s Second Baptist Church – A Historic Unveiling
During the May1 grand opening event, Comerica revealed the results of a preservation project which restored a historic wagon, creating a replica of the wagons used to carry slaves to freedom on the Underground Railroad. The wagon, complete with a false bottom to hide slaves, will be a focal point on an annual Freedom Wagon Walk planned by the Church to re-enact the path to freedom traveled by former slaves escaping to Canada.
“Comerica Bank and Second Baptist have a long, rich history together that began when one of our predecessor banks, Security Trust Company, authorized the church’s first mortgage in 1912,” said Forte. “We are proud to provide the means to restore and preserve this wagon so future generations may experience firsthand travel along the Underground Railroad and better understand the important role Detroit played as its last stop.”
Supported by the Comerica Charitable Foundation, the historic wagon exhibit is scheduled to be on public display at Second Baptist Church in Detroit this year. The Second Baptist Church is located at 441 Monroe Street and is a historic landmark. The Church served as a stop along the Underground Railroad.
Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. Comerica Bank locations can be found in Michigan, Texas, Arizona, California, and Florida, with select businesses operating in several other states, as well as in Canada and Mexico. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
Media Contact:
Kathleen Pitton
313-584-4523
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