DALLAS, Oct. 26, 2011 /PRNewswire/ -- Comerica Bank & Trust, NA, a subsidiary of Comerica Incorporated (NYSE: CMA), today announced an enhanced delivery of its trust administration services. The announcement was made by David K. Skolnik, Executive Vice President and Executive Director for Wealth Management.
"The enhancement of our services is made possible by our agreement with Pershing LLC and utilization of the Pershing Trust Network, which provides independent broker-dealers and registered investment advisors with the flexibility to offer their clients a wide range of Comerica personal trust services and solutions," said Skolnik.
Comerica's personal trust services include estate settlement, trust administration, closely-held business management and real estate management.
"Comerica has been providing trust services to national broker-dealers for more than 15 years," said Skolnik. "Now, independent registered investment advisors and broker-dealers utilizing the Pershing platform can offer Comerica's services as a professional fiduciary. This underscores Comerica's commitment to be a full-service provider of trustee services for high net worth clients."
Comerica Bank and Comerica Bank & Trust, NA have more than $100 billion in combined trust and custody assets.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $60.9 billion at September 30, 2011. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
SOURCE Comerica Bank