Comerica (CMA) Stock News

Comerica Bank (CMA) and Kalamazoo Growlers announce their fourth annual Summer Food Drive, running from June 20 to July 24, 2025, benefiting South Michigan Food Bank. The initiative offers donors free Growlers game tickets (one ticket per five items donated) and special prizes for larger donations. A new feature this year includes the opportunity to donate at the July 25 game, where fans contributing six or more items will receive a Growlers bucket hat. The partnership has generated approximately 193,000 meals since 2022, with Comerica Bank and its Charitable Foundation contributing $32,000 to the food bank. The collaboration extends to educational initiatives, including participation in the Kalamazoo Growlers Education Day featuring Kids STEM Fair, where Comerica's Financial Education Brigade provides financial literacy lessons to local students.

Comerica Bank (CMA) has announced its early adoption of The Clearing House's revised rules for domestic On-Behalf-Of (OBO) payments on the RTP® network. The bank, along with client Monex USA, has completed one of the first OBO payments under the new rules. OBO payments allow senders to make RTP transactions on behalf of other parties, with the new framework focusing on payment transparency, due diligence, risk management, and fraud reporting. The RTP network currently processes over 1 million transactions daily for more than 950 financial institutions. This implementation enables various real-time disbursement use cases, including payroll, benefits, marketplace payouts, and embedded payments. For Monex USA, a digital payments platform, the OBO capability will facilitate instant payments at scale and improve operational processes with enhanced transparency.

Walter Pat's Bakery Cafe, a Black woman-owned seasonal bakery, has won the 2025 Comerica Hatch Detroit Contest, securing a $100,000 grand prize from Comerica Bank. Founded by Lauren Ellis, an experienced pastry chef, the bakery specializes in viennoiseries and plans to open in Detroit's District 5. The contest, which attracted over 21,000 votes, also awarded $10,000 grants to three runners-up. The competition, supported by Comerica Bank and TechTown Detroit, has invested approximately $1.3 million since 2012, helping launch successful Detroit businesses. Walter Pat's Bakery joins notable previous winners including Sister Pie and Batch Brewing Company. The bakery will focus on Michigan seasonal produce and unique flavor combinations, blending Midwest and Southern influences.

Comerica (NYSE: CMA) announced the full redemption of its 5.625% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, and corresponding depositary shares. The redemption will occur on July 1, 2025, at $1,000 per Depositary Share (equivalent to $100,000 per share of Preferred Stock). The redemption affects 4,000 outstanding preferred shares, with regular quarterly dividends to be paid separately to holders of record as of June 13, 2025. Comerica has satisfied all regulatory requirements for the redemption, which will be processed through The Depository Trust Company (DTC). The bank, with $77.6 billion in total assets as of March 31, 2025, operates across 15 states through its Commercial Bank, Retail Bank, and Wealth Management segments.

Comerica Bank (NYSE: CMA) will host its 16th annual Metro Detroit Shred Day on June 14, 2025, from 8 a.m. to 1 p.m. at its Great Lakes Campus in Farmington Hills. The free event, partnering with Iron Mountain and Information System Resources, offers secure document shredding and electronics recycling services to residents, small businesses, and nonprofits. In 2024, the event processed over 1,100 vehicles, destroying 169,000 pounds of paper and recycling 17,000 pounds of electronics. The initiative also supports Gleaners Community Food Bank, with last year's event generating over 28,000 meals through food and cash donations. Throughout its 15-year history, the event has collected nearly 1.3 million pounds of shredded documents and 78,000 pounds of electronics since 2016.

Comerica (NYSE: CMA) has announced its participation in the 2025 Morgan Stanley US Financials Conference on June 11, 2025, at 8 a.m. CT. Key executives including CFO James Herzog, Chief Banking Officer Peter Sefzik, and EVP of Payments Allysun Fleming will be present.

The company also scheduled its Second Quarter 2025 Earnings Conference Call for July 18, 2025, at 7 a.m. CT. Both events will feature live audio webcasts and presentation slides available on Comerica's website, with replays accessible for at least 10 days afterward.

Comerica, headquartered in Dallas, operates through three segments: Commercial Bank, Retail Bank, and Wealth Management. With total assets of $77.6 billion as of March 31, 2025, it serves 13 of the 15 largest U.S. metropolitan areas across 15 states.

The Comerica Hatch Detroit Contest by TechTown has announced its Top 4 finalists for 2025, who will compete for a $100,000 grand prize to open brick-and-mortar locations in Detroit, Hamtramck, or Highland Park. The finalists include Detroit Culture & Clay (ceramic arts), Halie & Co (handmade jewelry and fragrances), Livy's Sweet Rolls (gourmet cinnamon rolls), and Walter Pat's Bakery Cafe (seasonally-driven bakery). The final round includes public voting from June 2-11, culminating in the Hatch Off event where contestants will pitch to expert judges. Since 2012, Comerica has invested approximately $1.3 million in Hatch Detroit, helping launch successful businesses like Sister Pie and Batch Brewing Company. The program has supported 50 alumni businesses that have opened, creating over 500 jobs and generating more than $10 million in economic development.

The Comerica Hatch Detroit Contest by TechTown has announced its Top 10 semifinalists competing for a $100,000 grand prize from Comerica Bank. The contest aims to help entrepreneurs open brick-and-mortar storefronts in Detroit, Hamtramck, or Highland Park. Public voting runs from May 16-23, with four finalists to be revealed on May 27. The final "Hatch Off" event will take place on June 11, where contestants will pitch their business plans to judges. The diverse semifinalists include innovative concepts like The Coloring Museum, Cone Vecinos, and Detroit Culture & Clay. Since 2012, Comerica has invested $1.3 million in Hatch Detroit, which has helped launch successful businesses like Sister Pie and Batch Brewing Company. The program has supported 50 alumni businesses that have created over 500 jobs and invested more than $10 million in economic development.

Comerica Bank (NYSE: CMA) and the Detroit Tigers are launching their 2025 Small Business of the Month program, starting May 11. The program offers metro Detroit small businesses valuable exposure through in-game promotion at Comerica Park and social media channels, along with suite access for business networking.

The program kicks off with Rent A Bounce as its first honoree, followed by businesses like Encore Commercial Products and Leonardo Marble & Granite throughout the season. Comerica's small business initiatives extend beyond the Tigers partnership, including collaborations with the Detroit Lions and Pistons, which will collectively showcase over 40 small businesses in 2025.

Additionally, Comerica has announced a $250,000 contribution during National Small Business Week, distributing $50,000 each to five nonprofit organizations focused on entrepreneurial development across different markets.