Submitted by Comerica Bank
LOS ANGELES, Oct. 24 /PRNewswire-FirstCall/ -- Comerica Bank announced it is giving $100,000 to relief efforts for victims of the California wildfires. The bank also announced it was talking additional steps to aid small businesses and people who have been forced to evacuate their homes as a result of the fires.
The Comerica Charitable Foundation is giving $50,000 to the American Red Cross, designated for victims of wildfires this week in Los Angeles, Orange Counties and San Diego counties.
Mike Fulton, president and CEO of Comerica Bank's Western Market, which includes California, said that in addition to the foundation grant, an additional $50,000 would be made available to relief organizations in Los Angeles, Orange and San Diego counties. "We are committed to reaching out to assist our neighbors in these communities that are experiencing such devastation this week," said Fulton.
He also said that the bank will make it easier to for small businesses in the three counties to get emergency lines of credit, in a special program that can make expedited loans of up to $50,000 available within eight business hours.
The bank also will be sending managers of banking centers in evacuation zones in northern San Diego County to shelters to offer special emergency assistance to the agencies managing the shelters.
About Comerica Bank
Comerica Bank -Western Market includes 81 banking centers in two states, California and Arizona: 76 in the key California markets of San Francisco and the East Bay, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, and Santa Cruz /Monterey; also, five banking centers in greater Phoenix, Ariz. Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas and among the 20 largest U.S. banking companies, with $59.8 billion in assets at Sept. 30, 2007. For more information, visit www.comerica.com.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial 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.
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