Comerica Financial institution and Comerica Charitable Basis introduced at this time that it’s going to make investments $four million in neighborhood programming help and companies impacted by the COVID-19 disaster.
“The impression of COVID-19 on the nonprofit organizations that look after and supply important companies to our communities is extraordinary. Serving and supporting our communities throughout this distinctive time in historical past is of important significance,” stated Curt Farmer, Chairman and CEO, Comerica Integrated and Comerica Financial institution.
These funds will likely be primarily deployed to Neighborhood Improvement Monetary Establishments to help strategic packages designed to fulfill the wants of small and micro companies which were impacted by COVID-19. Neighborhood service organizations that present companies to youth, seniors and different susceptible populations additionally will obtain funds as a part of this effort, significantly these organizations addressing meals insecurities and entry to well being care. We are also expediting $500,000 of deliberate funding to a number of native United Method organizations in our markets.
Along with these contributions, Comerica is discussing varied mortgage fee deferral and price waiver choices with its enterprise clients who’ve been impacted by COVID-19. And, for our private clients experiencing monetary problem because of COVID-19, we’re asking that they contact us to debate price and penalty waivers, mortgage deferrals and different issues that finest meet their circumstances. Comerica clients can name (888) 444-9876 to debate their distinctive conditions.
“Comerica is a relationship financial institution. Partnering with our clients and serving to them navigate these troublesome occasions is why we’re right here,” stated Farmer. “For greater than 170 years we now have supported our clients by the hardships of world wars, the Nice Despair, the Nice Recession and plenty of different monumental challenges, and we’ll proceed to take action.”
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