Business
Comerica, InBancshares to Merge: Comerica Inc., a $12-billion, Detroit-based bank holding company, and InBancshares, a $242-million bank holding company based in City of Industry, have entered into a definitive merger agreement.
April 3, 1990
Comerica Sets Up Costa Mesa Shop: Though not yet a major presence on the Southern California banking scene, Comerica Bank-California hopes that will soon change.
April 11, 1995
Wednesday was Wall Street’s first chance to vote on Comerica Inc.’
Nov. 2, 2000
Sensing opportunity in a recovering Southern California economy, Detroit-based Comerica Inc. agreed to buy Metrobank, a young and growing Los Angeles banking firm that concentrates on commercial lending.
May 4, 1995
Comerica Inc. said it will cut 350 senior management and other positions as it combines Inglewood-based Imperial Bancorp, which it recently purchased, with the bank’s California businesses.
May 17, 2001
Comerica Inc. said Monday that it will absorb cross-town rival Manufacturers National Corp. in a stock merger valued at about $1.1 billion that would create one of the nation’s biggest banks.
Oct. 29, 1991
Entertainment & Arts
Comerica Inc. played a key role in Franchise Pictures’ attempt to inflate budgets on films such as “Angel Eyes” and “Get Carter,” according to a suit filed by German licensor Intertainment.
Dec. 10, 2002
Comerica Inc., a Detroit bank with 25% of its assets in California, surprised Wall Street on Wednesday when it sharply increased its provisions for loan losses, restated its second-quarter results and said it would take an $86-million charge to reflect the falling value of its asset-management subsidiary.
Oct. 3, 2002
MasterCard International says it will follow the lead of VISA U.S.A. and sue Comerica Inc. next week for millions of dollars owed merchants after a Lansing credit card processor went out of business last week.
Jan. 27, 1989
Comerica Inc. said it will cut 1,890 jobs, or 14% of its payroll, and close about 15 branches to slash costs and boost profit.
Jan. 23, 1997