DALLAS, May 14, 2024 /PRNewswire/ -- The Points of Light,
the world's largest nonprofit dedicated to accelerating
people-powered change, has named Comerica Bank to its 2024 list of
The Civic 50. It marks the ninth consecutive year and 10th time
overall that Comerica has received the honor in the program's
12-year history of recognizing top community-minded companies in
the United States according to its
annual survey.
For more than a decade, The Civic 50 has served as the standard
for corporate citizenship and showcases how leading companies are
moving social impact 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: 1) investment of resources and volunteerism; 2)
integration across business functions; 3) institutionalization
through policies; and 4) systems and impact measurement.
"For 175 years, Comerica has demonstrated an unwavering
commitment to making a difference in the communities we serve,"
said Wendy Bridges, Comerica Bank
Executive Vice President, Corporate Responsibility. "This
recognition highlights the shared commitment of our dedicated
colleagues who help deliver impactful change."
The following are highlights of the impact Comerica made on the
communities it served in 2023:
- Comerica volunteers contributed more than 79,000 hours of
service to local communities.
- Exceeded 100% of its three-year (2021-2023), $5 billion small business lending commitment. The
funds helped deliver change by providing meaningful funding to more
than 15,000 small businesses.
- Delivered valuable financial education to individuals,
entrepreneurs and small business owners. The Comerica $ense
financial education program instructed more than 105,000
individuals from low- to moderate-income communities about
important financial skills. In addition, its Small Business
Bootcamps educated more than 8,000 entrepreneurs and small business
owners.
- Opened its innovative Comerica BusinessHQ in Dallas. The state-of-the-art facility aims to
empower underserved communities by providing access to capital and
other meaningful resources including temporary workspaces, printing
and scanning capabilities; access to high-speed Wi-Fi, and
more.
The Civic 50 survey is administered by True Impact, and the
results are analyzed by VeraWorks. The survey instrument consists
of quantitative and multiple-choice questions that informs the
scoring process. The Civic 50 is the only survey and ranking
systems that exclusively measures corporate community
engagement.
"Expectations for companies to be leaders in civic engagement
continue to increase," said Jennifer
Sirangelo, president and CEO, Points of Light. "Comerica
demonstrates how to maximize the full range of their assets – from
people power to policy to financial contributions – to meet
pressing needs and create thriving communities where they live and
work. We're thrilled to uplift and celebrate them as an honoree of
The Civic 50 2024."
To view the full report and see the complete list of The Civic
50 2024 honorees, visit www.pointsoflight.org/the-civic-50.
About Comerica
This year, Comerica Bank celebrates its
175th anniversary. A subsidiary of Comerica Incorporated
(NYSE: CMA), Comerica Bank is a financial services company
headquartered in Dallas, Texas,
and is strategically aligned by three business segments: The
Commercial Bank, The Retail Bank and Wealth Management. Comerica,
one of the 25 largest commercial U.S. financial holding companies,
focuses on building relationships and helping people and businesses
be successful, providing more than 400 banking centers across the
country with locations in Arizona,
California, Florida, Michigan and Texas. Comerica continues to expand into new
regions, most recently in the Southeast, including North Carolina and Mountain West Market in
Colorado. Comerica has offices in
17 states and services 14 of the 15 largest U.S. metropolitan
areas, as well as Canada and
Mexico. Comerica reported total
assets of $79.4 billion at
March 31, 2024. Learn more about how
Comerica is raising expectations of what a bank can be by
visiting www.comerica.com, and follow us
on Facebook, X (formerly known as
Twitter), Instagram and LinkedIn.
About Points of Light
Points of Light is a
nonpartisan, 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 145 affiliates across 39
countries, and in partnership with thousands of nonprofits and
corporations, Points of Light engages 3.7 million people in 16.7
million hours of service each year. We bring the power of people to
bear where it's needed most. For more information, visit
pointsoflight.org.
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