DALLAS, TX (August 29, 2012) – At a press conference held in the lobby of Comerica’s newest banking center (Wynnewood and West Illinois), which opens September 17, Comerica Bank today announced a $50,000 donation to support Mayor Rawlings’ GrowSouth initiative.
The donation will be distributed to the four schools outlined in Mayor Rawlings’ GrowSouth plan: Sarah Zumwalt Middle School; William H. Atwell Middle School and Law Academy; Lincoln High School Humanities/Communications Magnet; and W.H. Adamson High School, and will be used to fully fund critical programming and materials budget needs as outlined in the mayor’s initial $50,000 GrowSouth education investment plan.
The donation by Comerica will be used to purchase learning materials and supplies including language learning software, writing instruction and assessment software, and writing, math, reading, science and social studies curriculum workshops for educators.
Comerica also announced a combined capital and philanthropic investment in Southern Dallas of more than $7.7 million since September 2009, when the bank announced the opening of its Bishop-Colorado banking center. At that time, Comerica operated three Southern Dallas banking centers; today, Comerica operates six full-service banking centers south of downtown.
Dallas Mayor Mike Rawlings, Dallas ISD Superintendent Mike Miles, Dallas City Councilmembers and Comerica executives including Ralph Babb, Chairman and CEO, and Pat Faubion, Texas Market President, were joined by dozens of Comerica’s community partners in the soon-to-open banking center. Effective with this gift, Comerica Bank became the first corporate partner to make a donation to the GrowSouth initiative.
“We’ve invested heavily in Southern Dallas because we believe in the region’s potential,” said Comerica’s Faubion. “And above and beyond our bricks and mortar investment, volunteer capital and non-profit and community partnerships, today’s donation is further testament to Comerica’s commitment to education and the community we serve.”
“Comerica Bank is a great example of what can happen when a corporation sees an opportunity to assist the community, and then seizes it,” said Mayor Rawlings. “I challenge more companies to step up like Comerica to help make the GrowSouth initiative something that will forever change Southern Dallas and make this great city an even better place to call home.”
About Comerica Bank
Comerica Incorporated (NYSE: CMA) 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 $62.7 billion at June 30, 2012. To find Comerica on Facebook, please visit www.facebook.com/ComericaCares. Follow Comerica Chief Economist Robert Dye on Twitter at @Comerica_Econ.
Media Contact:
Kyle Tarrance
214.462.6669
krtarrance@comerica.com
