In 2011, Comerica
acquired Houston, Texas-based Sterling Bancshares, Inc.
, strengthening its franchise in the Lone Star State. The acquisition virtually tripled Comerica's market share in Houston, provided it entry into the attractive San Antonio and Kerrville regions, and complemented its banking center network in Dallas/Fort Worth, while adding about $5 billion in assets, $2 billion in loans and $4 billion in deposits on the closing date of July 28, 2011. Later in 2011, Comerica successfully completed systems conversions so that former Sterling customers can bank at any Comerica banking center and have full access to Comerica's full line of products and services.
This advertisement is not affiliated with Sterling Bancshares
ID: 1147. Updated: 22.03.2012
Disclaimer: The information contained on this website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We do not warrant or guarantee that the site will be up-to-date accurate, complete or continuous at all times. The Bank Directory is published solely as a courtesy. We assume no responsibility or liability for any errors or omissions in the directory.