Comerica

Headquartered in Detroit, MI, Comerica Incorporated is a financial services provider that was founded in 1849.  Originally founded as the Detroit Savings Fund Institute, the company went through name changes in 1881 (The Detroit Savings Bank), 1933 (Detroit Savings Bank), 1953 (The Detroit Bank & Trust Company) and 1992 respectively, when it was renamed Comerica Incorporated.

Comerica Incorporated employs more than 11,000 people with locations in Michigan, California, Texas and Florida.  Comerica ranks among the 25-largest banking companies in the United States, with more than $54 billion in assets.

In 1998, Comerica agreed to purchase the naming rights to Comerica Park in Detroit, home of the MLB Detroit Tigers.  Comerica agreed to pay $66 million dollars, over 30 years, for the naming rights.  As of May 2006, Comerica operates 368 banking locations in Michigan, Texas, California, Arizona and Florida.  With tailored loan programs, Comerica customers enjoy lending options facilitated by Comerica Loan Specialists.

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For those consumers who wish to eliminate their high-interest credit cards and other debt, a Comerica lending product may be your solution.  Features and benefits of the home equity lending products and services include:

Comerica Home Equity FlexLine

• No closing costs or application fees;
• Access your equity by writing checks or using your Visa Gold Equity Line Access Card anywhere Visa is accepted;
• Only charged interest on the money you use;
• New purchases made with your Visa Gold Equity Line Access Card are interest free when your balance is paid in full each month within 25 days of billing;
• Low, interest-only payment option;
• Convert any part of your variable-rate credit line into a fixed-rate payment option at any time;
• Optional Payment Protection Plan ensures your loan payments will be made should  you or your spouse suffer disability or loss of life;
• 24-hour cash advances at ATMs worldwide;
• Free Comerica Regular Checking Account;
• Your interest may be 100% tax deductible (consult your tax advisor). 

Comerica Home Equity Loans

• Borrow exactly what you need, and receive your money in one lump sum payment;
• Payments are based on a fixed interest rate over the term of the loan;
• Home Equity Loans are generally fee-free;
• Optional Payment Protection Plan ensures your loan payments will be made should you or your spouse suffer disability or loss of life.

Consolidate your debt and lower your monthly payments now >>