Comerica Bank Recognized as One of the 50 Most Community-Minded Companies in the United States for Eighth Consecutive Year

DALLAS, May 23, 2023 ~ Comerica Bank has been named a 2023 honoree of The Civic 50 by Points of Light, the world's largest organization dedicated to volunteer service, in recognition of its support for local communities. This marks the eighth consecutive year and ninth time overall that Comerica has earned the honor since the award's inception in 2012, making Comerica one of only a small group of companies that have consistently achieved such high marks throughout the program's 11-year history.

The Civic 50 is a national standard for corporate citizenship and showcases how leading companies are moving social impact, civic engagement and community to the core of their business. The Civic 50 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 and volunteerism, integration across business functions, institutionalization through policies and systems and impact measurement.

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Wendy Bridges, Executive Vice President, Corporate Responsibility at Comerica Bank said "Comerica is successful when our local communities thrive, and with the support of our colleagues, we continue to work with our community partners to establish innovative programs and services." She added that "For 174 years, Comerica has built strong relationships with our local communities, and we look forward to continuing our legacy of making a difference in the communities we serve."

In 2022 alone Comerica contributed more than 66,000 hours of volunteer time which equates to more than $1.9 million worth of time invested back into local communities. Additionally they provided financial education lessons as part of their Comerica $ense program which reached 79,000 individuals from low- to moderate-income communities as well as over 2,000 small business bootcamps. They have also reached 94% of their three-year goal (2021-2023) to provide $5 billion in small business loans (as of March 31st 2023).

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Diane Quest interim president and CEO at Points Of Light said "Companies play a critical role in creating thriving participatory communities" adding that "Companies like Comerica set a model for others showing how best to use employee talent business assets and integration to create meaningful impact"

The Civic 50 survey is administered by True Impact with results analyzed by VeraWorks. The survey instrument consists quantitative multiple choice questions which inform scoring process. It is the only survey ranking system which exclusively measures corporate community engagement.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas Texas strategically aligned by three business segments: The Commercial Bank The Retail Bank and Wealth Management. With nearly 7500 colleagues across its national footprint it focuses on building relationships helping people businesses be successful providing more than 400 banking centers across country locations Arizona California Florida Michigan Texas offices 17 states services 14 15 largest U.S metropolitan areas Canada Mexico reported total assets $91 1 billion March 31 2023
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