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    Comerica Bank Statement on Direct Express Program Transition

    11/21/24 11:30:00 AM ET
    $CMA
    Major Banks
    Finance
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    DALLAS, Nov. 21, 2024 /PRNewswire/ -- Comerica Bank has issued the following statement regarding today's announcement by the Treasury Bureau of the Fiscal Service of its new selected financial agent for Direct Express program.

    Comerica logo (PRNewsfoto/Comerica Incorporated)

    "We have been honored to support the Direct Express program since 2008 and remain committed to serving its 3.4 million cardholders. At the request of the Fiscal Service, we have entered into a three-year extension of services to allow for the orderly transfer of services to the new financial agent."

    About Comerica Bank

    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 nearly 380 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, 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 $79.7 billion at Sept. 30, 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, Instagram and LinkedIn.   

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/comerica-bank-statement-on-direct-express-program-transition-302313277.html

    SOURCE Comerica Bank

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    Q&A

    New
    • What is the role of Comerica Bank in the Direct Express program?

      Comerica Bank has been supporting the Direct Express program since 2008 and is committed to serving its 3.4 million cardholders during the transition to the new financial agent.

    • Why has Comerica Bank extended its services for the Direct Express program?

      Comerica Bank has entered into a three-year extension of services at the request of the Fiscal Service to ensure an orderly transition to the new financial agent.

    • What type of financial services does Comerica Bank provide?

      Comerica Bank is one of the 25 largest commercial U.S. financial holding companies, offering services across various segments including Commercial Banking, Retail Banking, and Wealth Management.

    • What were Comerica Bank's total assets at the end of September 2024?

      As of September 30, 2024, Comerica Bank reported total assets of $79.7 billion.

    • In which states does Comerica Bank operate?

      Comerica Bank has locations in states such as Arizona, California, Florida, Michigan, and Texas, and has expanded recently into the Southeast, including North Carolina and Colorado.

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