Financial News

Comerica Continues to Participate in the FDIC Temporary Liquidity Guarantee Program

DALLAS, Dec. 5 /PRNewswire-FirstCall/ -- Comerica Incorporated (NYSE: CMA) today announced that it and two of its subsidiaries, Comerica Bank and Comerica Bank & Trust, National Association, have formally elected to continue their participation in the Federal Deposit Insurance Corporation (FDIC) Temporary Liquidity Guarantee Program. As a result, they will continue participating in both of the program's primary components to the extent applicable: the Transaction Account Guarantee Program and the Debt Guarantee Program.


"We are remaining in the FDIC's Temporary Liquidity Guarantee Program for the duration of the program," said Ralph W. Babb Jr., chairman and chief executive officer. "Doing so favorably impacts our customers and Comerica in this uncertain economic environment."

The Temporary Liquidity Guarantee Program was designed to strengthen confidence and encourage liquidity in the banking system. Comerica's participation provides its customers with a full guarantee, without any dollar limitation, on funds held in all of Comerica's noninterest-bearing transaction accounts through December 31, 2009. It also provides an FDIC guarantee on eligible newly issued senior unsecured debt until the earlier of the maturity date of the debt or June 30, 2012.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional 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, China and Mexico. Comerica reported total assets of $65.2 billion at September 30, 2008. To receive e-mail alerts of breaking Comerica news, go to

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SOURCE: Comerica Incorporated

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Press releases, archived webcasts/presentations/conference calls, and SEC filings speak only to the date they are issued, made or filed, respectively. Investors should not rely on such information as being unchanged in making investment decisions.

Press releases, archived webcasts/presentations/conference calls, and SEC filings speak only to the date they are issued, made or filed, respectively. Investors should not rely on such information as being unchanged in making investment decisions.