Comerica Bank achieves ‘outstanding’ rating

Comerica Bank received the highest overall rating of “Outstanding” in its 2023 Community Reinvestment Act (CRA) Performance Evaluation by the Federal Reserve Board (FRB).

The examination consisted of a review of the bank's 2020, 2021 and 2022 Home Mortgage Disclosure Act (HMDA) and CRA small business lending data, as well as community development loans, investments and services between Jan. 1, 2021, and June 30, 2023.

“Comerica Bank is committed to serving our communities and we are honored to have earned an Outstanding CRA rating,” said Wendy Bridges, Comerica Bank executive vice president, corporate responsibility. “We elevated how we support and serve individuals and businesses, as well as boost economic development in our footprint in recent years. We look forward to carrying this momentum into our milestone 175th anniversary year and beyond.”