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Article: Comerica aims for 20% loan growth
- Article from:
- Orange County Business Journal
- Article date:
- July 7, 1997
- Author:
CopyrightCopyright Orange County Business Journal Jul 07, 1997. Provided by ProQuest LLC. (Hide copyright information)
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Chalk up Comerica as another institution that has caught California and OC Investment Fever.
Comerica Bank-California, a San Jose-based subsidiary of giant Detroit, Mich.-based Comerica Inc. ($35 billion in assets), has plans to grow its business-loan portfolio in the Southland by 20% a year.
"We are positioning the company to grow substantially," said David C. White, director of Comerica Bank's Southern California operations, which are based in Costa Mesa.
Much of that growth will be internally generated, White said, but Comerica is also scouting for potential acquisitions.
Comerica got into Northern California in 1991 when it purchased Plaza Bank of Commerce in San Jose and has ...