1.5 star ratingAverage User Rating:
1.5 star rating based on 6 reviews.

Comerica Bank

Comerica Bank Locations
1717 Main Street
Dallas, TX 75201
800-522-2265
www.comerica.com

FDIC

Comerica Bank is headquartered in Dallas and is the largest bank in the state of Texas. It is also the 32nd largest bank in the nation. It was established in 1849 and as of December of 2012, it had grown to 8,319 employees at 490 locations. Comerica Bank has a 5-star health rating.

Related Posts

Checking Account $100 Cash Bonus at Comerica Bank - 2/10/2011

Comerica Bank is offering a $100 cash bonus for opening any new personal checking account. Direct deposit isn't required. However, it does require some work. This offer is called Welcome Rewards and i ...

Comerica Bank's $100 Checking Account Bonus - 10/10/2010

In September I posted on Comerica's Office Perks Program which offers a $200 bonus for opening a business checking account. That promotion also included a $100 bonus for employees of that business who ...

Comerica Office Perks Program: $200+ Business Checking Promotion - 9/15/2010

For those with a small business, Comerica's Office Perks Program might be a good deal. Here's the promotion page link . According to this promo page you can apply at a branch or by phone. I was told b ...

Earn up to $300 in Comerica's Checking Account Promotion - 4/29/2010

Comerica Bank is offering a new checking account promotion that's scheduled to last until June 30, 2010. You can earn up to $300, but $75 of the $300 requires that you open one of their premium check ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Comerica Bank Checking Account Rates

ApyMinMaxProduct
0.15%†$100k-Lawyer's Trust Interest Checking
0.07%†$50k-Comerica Platinum Circle Checking®
0.01%†--Rich Rewards® Checking
0.01%†--Premier Checking
0.00%†--Business Interest Checking

Comerica Bank Savings Account Rates

ApyMinMaxProduct
0.03%†--Business Savings Account
0.01%†--Statement Savings Account

Comerica Bank Money Market Rates

ApyMinMaxProduct
0.20%†$100k-High Yield Money Market
0.10%†$100k-Business Money Market
0.08%†$50k-High Yield Money Market Investment Account
0.05%†$25k-Money Market Investment Account

Comerica Bank CD Rates

ApyMinMaxProduct
0.75%†$1k-7 - 10 Year Fixed Rate CD
0.75%†$1k-Business 7 - 10 Year Fixed Rate CD
0.45%†$1k-5 Year Fixed Rate CD
0.45%†$1k-6 Year Fixed Rate CD
0.45%†$1k-Business 5 Year Fixed Rate CD
0.45%†$1k-Business 6 Year Fixed Rate CD
0.35%†$1k-4 Year Fixed Rate CD
0.35%†$1k-Business 4 Year Fixed Rate CD
0.25%†$1k-3 Year Fixed Rate CD
0.25%†$1k-Business 3 Year Fixed Rate CD
0.15%†$1k-2 Year Fixed Rate CD
0.15%†$1k-Business 2 Year Fixed Rate CD
0.10%†$1k-1 Year Fixed Rate CD
0.10%†$100k-1 Year Flexible Rate CD
0.10%†$1k-Business 1 Year Fixed Rate CD
0.10%†$100k-Business 1 Year Flexible Rate CD
0.05%†$1k-180 - 364 Day Fixed Rate CD
0.05%†$1k-Business 180 - 364 Day Fixed Rate CD
0.03%†$1k-90 - 179 Day Fixed Rate CD
0.03%†$1k-Business 90 - 179 Day Fixed Rate CD
0.02%†$1k-30 - 59 Day Fixed Rate CD
0.02%†$1k-60 - 89 Day Fixed Rate CD
0.02%†$1k-Business 30 - 59 Day Fixed Rate CD
0.02%†$1k-Business 60 - 89 Day Fixed Rate CD
0.01%†$1k-7 - 29 Day Fixed Rate CD
0.01%†$1k-Business 7 - 29 Day Fixed Rate CD

Comerica Bank IRA Rates

ApyMinMaxProduct
0.75%†$1k-7 - 10 Year CESA
0.75%†$1k-7 - 10 Year IRA
0.75%†$1k-7 - 10 Year SEP IRA
0.75%†$1k-7 - 10 Year Roth IRA
0.75%†$1k-7 - 10 Year SIMPLE IRA
0.45%†$1k-5 Year CESA
0.45%†$1k-6 Year CESA
0.45%†$1k-5 Year IRA
0.45%†$1k-6 Year IRA
0.45%†$1k-5 Year SEP IRA
0.45%†$1k-5 Year Roth IRA
0.45%†$1k-6 Year SEP IRA
0.45%†$1k-6 Year Roth IRA
0.45%†$1k-5 Year SIMPLE IRA
0.45%†$1k-6 Year SIMPLE IRA
0.35%†$1k-4 Year CESA
0.35%†$1k-4 Year IRA
0.35%†$1k-4 Year SEP IRA
0.35%†$1k-4 Year Roth IRA
0.35%†$1k-4 Year SIMPLE IRA
0.25%†$1k-3 Year CESA
0.25%†$1k-3 Year IRA
0.25%†$1k-3 Year SEP IRA
0.25%†$1k-3 Year Roth IRA
0.25%†$1k-3 Year SIMPLE IRA
0.15%†$1k-2 Year CESA
0.15%†$1k-2 Year IRA
0.15%†$1k-2 Year SEP IRA
0.15%†$1k-2 Year Roth IRA
0.15%†$1k-2 Year SIMPLE IRA
0.10%†$1k-1 Year CESA
0.10%†$100k-1 Year Flexible Rate CESA
0.10%†$1k-1 Year IRA
0.10%†$100k-1 Year Flexible Rate IRA
0.10%†$1k-1 Year SEP IRA
0.10%†$100k-1 Year Flexible Rate SEP IRA
0.10%†$100k-1 Year Flexible Rate Roth IRA
0.10%†$1k-1 Year Roth IRA
0.10%†$1k-1 Year SIMPLE IRA
0.10%†$100k-1 Year Flexible Rate SIMPLE IRA
0.05%†$1k-180 - 364 Day CESA
0.05%†$1k-180 - 364 Day IRA
0.05%†$1k-180 - 364 Day SEP IRA
0.05%†$1k-180 - 364 Day Roth IRA
0.05%†$1k-180 - 364 Day SIMPLE IRA
0.03%†$1k-90 - 179 Day CESA
0.03%†$1k-90 - 179 Day IRA
0.03%†$1k-90 - 179 Day SEP IRA
0.03%†$1k-90 - 179 Day Roth IRA
0.03%†$1k-90 - 179 Day SIMPLE IRA
0.02%†$1k-30 - 59 Day CESA
0.02%†$1k-60 - 89 Day CESA
0.02%†$1k-30 - 59 Day IRA
0.02%†$1k-60 - 89 Day IRA
0.02%†$1k-30 - 59 Day SEP IRA
0.02%†$1k-30 - 59 Day Roth IRA
0.02%†$1k-60 - 89 Day SEP IRA
0.02%†$1k-60 - 89 Day Roth IRA
0.02%†$1k-30 - 59 Day SIMPLE IRA
0.02%†$1k-60 - 89 Day SIMPLE IRA
0.01%†$1k-7 - 29 Day CESA
0.01%†$1k-7 - 29 Day IRA
0.01%†$1k-7 - 29 Day SEP IRA
0.01%†$1k-7 - 29 Day Roth IRA
0.01%†$1k-7 - 29 Day SIMPLE IRA

Rates updated: 5/18/2013

Data for Q4 2012

Comerica Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

983 - Comerica Bank
1596 - Comerica Bank & Trust, National Association

Institution Statistics


Comerica Bank
FDIC Certificate #983
BankRate ReportView
Year Established1849
Employees8319
Primary RegulatorFED

Assets and Liabilities

Assets$65.25 billion
Loans$45.44 billion
Deposits$52.74 billion
Equity Capital$7.00 billion
Loan Loss Allowance$628.74 million
Unbacked Noncurrent Loans$554.39 million
Real Estate Owned$51.41 million

Historic Data - December 2011

Assets$60.97 billion
Equity Capital$6.97 billion
Loan Loss Allowance$726.14 million
Unbacked Noncurrent Loans$954.63 million
Real Estate Owned$100.32 million

Profit Margin - Quarterly

Net Interest Margin3.09%
Return on Assets0.92%
Return on Equity8.19%
Interest Income$1.87 billion

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Comerica Bank had $605.8 million in non-current loans and owned real-estate with $7.63 billion in equity and loan loss allowances on hand to cover it. This gives Comerica Bank a Texas Ratio of 7.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Comerica Bank decreased significantly from 13.77% as of December 31, 2011 to 7.94% as of December 31, 2012, resulting in a positive change of 42.30%.This indicates that the balance sheet and financial strength for Comerica Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Comerica Bank has increased its total deposits by $4.44 billion, resulting in 9.19% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Comerica Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Comerica Bank has $65.25 billion in assets with $7.63 billion in equity, resulting in a capitalization level of 11.69%, which is above average.
Write Review

Stay Away From Comerica
1 stars - rickblaine - Thursday, April 28, 2011 - 1:08 PM

If I could give this bank a negative rating would. I opened a checking account with them in early March and used bill pay in the middle of April to pay my electric and oil bills. While these checks were in transit (via snail mail) they CLOSED MY ACCOUNT without notifying me. Of course the checks bounced. I am left to pay the bank fees and Comerica refuses to accept any responsibility for them.

13

Comerica Needs A Class Action Lawsuit Filed Against Them!
1 stars - mteasley - Wednesday, April 18, 2012 - 11:32 AM

I was informed that I had to setup direct deposit for my SSI payments and it was recommended by the government to use Direct Express which is owned by Comerica. Before a deposit was even made, someone from Comerica cancelled out my account causing the deposit to be rejected. Another account was opened on my behalf and Social Security issued another deposit only for me not to have access to the funds because Direct Express claims they never received a direct deposit on my behalf. Social Security shows it was received and deposited into an account with my name on it but Comerica is refuting that fact. I've called several times and asked to speak with upper management and has been refused everytime with Supervisors stating I can't speak with anyone higher than themselves and has "released my calls (a polite way of hanging up) when I further insisted on speaking with upper management. Needless to say this has been going on since Feburary and now we're half way thru April with no resolution! I wld love for a class action lawsuit to be filed against this bank, with me as a participant.

9

Comerica Is Behind The Times
1 stars - Deah - Monday, June 18, 2012 - 2:23 PM

I opened an account with Comerica and decided to use their webbanking.  Little did I know that their technology is so outdated, that instead of transferring the money electronically on the day that the payment is due, they cut a paper check and put it in the mail, (yes, you read it right); they put a check in snail mail on the day the payment is due.  I could have managed my payments better myself but they don't tell you that when they are smoozing with you to open an account.  They also continued to run checks through a closed account so that they would be able to charge overdraft fees.  If there is ever a class action suit - count me in. Also, their tellers are very unprofessional - always standing around and criticizing other customers while I stand at the counter.  I wonder what they say about me when I leave. If I could post without giving them a star I would; but I have to give at least one.

5

Poor Customer Service
1 stars - kpring - Friday, April 27, 2012 - 7:30 PM

Not pleased with their customer service have many examples of it. Hours of operation are not great for those of us who work. Only good thing is they have free suckers.

4

Not Recommended
1 stars - Missy - Wednesday, April 18, 2012 - 11:14 AM

Sterling Bank (very good bank) was bought out by Comerica Bank. Since the take over I have had constant problems with them running returned checks back through without my permission, knowledge or consent, and not allowing me to view what was going on with my account online so that funds could be transferred to prevent any problems. Then they refused to take responsibility for it saying the payor put them back through after the payor told me they had not. The last straw with me was when I deposited CASH to more than cover a check going through the same day and, even though I confirmed with the bank that the cash deposit would be available to cover the check immediately, they still held the CASH deposit until the next day and charged me an overdraft fee.

4

Great Bank
5 stars - 2005MBZC230 - Thursday, January 17, 2013 - 6:07 PM

I opened a small business checking account with Comerica back in 2008.  Although I do not maintain a large balance, the account is free, except for purchasing checks.  On one occasion they did erroneously debit my account, but they corrected it very quickly when I brought it to their attention.  The branch representative in West Hollywood was outstanding.  The epitome of customer service.

They do charge for on-line bill pay, so unless you pay lots of bills it's a feature that's not worthwhile ($6.95).

1
 
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