DALLAS, June 16, 2021 /PRNewswire/ -- Comerica Bank
and its ongoing commitment to improving the communities it serves
received national recognition as it has been named a 2021 honoree
of The Civic 50 by Points of Light, the world's largest
organization dedicated to volunteer service.
The Civic 50 provides a national standard for corporate
citizenship and showcases how companies can use their time, skills
and resources to drive social impact in their communities and
company. The honorees are companies with annual U.S. revenues
of at least $1 billion and are
selected based on four dimensions of their corporate citizenship
and social impact programs – investment of resources, integration
across business functions, institutionalization through policies
and systems and impact measurement. This marks the sixth
consecutive year Comerica has received the honor, and seventh time
overall since the award's inception in 2012.
"To be recognized among exceptional companies by Points of Light
for the social impact we have on our communities is truly
humbling," said Irvin Ashford, Jr.,
Chief Community Officer. "Comerica's approach to banking, as well
as to our employee culture, has revolved around fostering
relationships and that starts with building meaningful
relationships in our communities. In response to the challenges the
COVID-19 pandemic created, we appreciate this recognition as it
exemplifies our colleagues unwavering commitment to meet the
critical needs of individuals, families, neighborhoods, small
businesses and nonprofits in the communities we serve."
Comerica Bank and the Comerica Charitable Foundation provided
$16 million in investments directed
toward small business relief and nonprofits providing essential
needs as a result of the pandemic in 2021. Coupled with COVID-19
relief from 2020, $27 million has
gone back into supporting communities across Comerica's five-state
footprint of Texas, Michigan, California, Arizona and Florida. Colleagues joined in efforts to
volunteer during the pandemic – much of it which was accomplished
virtually – totaling more than 30,000 hours. Providing financial
assistance to help individuals and small businesses navigate
through the challenges of the pandemic continues through its work
with Comerica $ense programs and Small Business Bootcamps.
Since it was launched in 2012, The Civic 50 has provided a
roadmap for good corporate citizenship and showcases how committed
companies are moving social impact, civic engagement and community
to the center of their business. The survey is administered by True
Impact, a company specializing in helping organizations maximize
and measure their social and business value, and consists of
quantitative and multiple-choice questions that inform the scoring
process. The Civic 50 is the only survey and ranking system that
exclusively measures corporate involvement in communities. To
learn more about The Civic 50 and honorees, visit
www.Civic50.org.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE:
CMA), a financial services company headquartered in Dallas,
Texas, and strategically aligned
by three business segments: The Commercial Bank, The Retail Bank,
and Wealth 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 and Mexico. Comerica reported total assets
of $86.3 billion as of March 31, 2021.
About Points of Light
Points of Light is a global
nonprofit organization that inspires, equips and mobilizes millions
of people to take action that changes the world. We envision a
world in which every individual discovers the power to make a
difference, creating healthy communities in vibrant, participatory
societies. Through 177 affiliates across 38 countries, and in
partnership with thousands of nonprofits and corporations, Points
of Light engages 5 million volunteers in 16 million hours of
service each year. We bring the power of people to bear where it's
needed most. For more information, visit www.pointsoflight.org.
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SOURCE Comerica Bank