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.
HQ: Houston, USA
Founded: 1974
ID: 1147. Updated: 22.03.2012
- Head office: n/a
- Phone: n/a
- Fax: n/a
- SWIFT: n/a
- Key people: n/a
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