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Non executive directors warned over insolvency liabilitiesA leading North West law firm is issuing an urgent alarm call to non executive directors warning them that their personal assets could be seized by creditors if their company becomes insolvent. [November 5, 2009] [In Latest News]
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Doug Richard's accelerated training for startups, London 18th November 2009 - 25% discount for Bytestart readersDoug Richard's School for Startups will be delivering accelerated training to entrepreneurs at The Royal Institution of Great Britain in London 18th November 2009. Bytestart readers can sign up for a 25% discount. [November 5, 2009] [In Events]

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Business planning workshops in London - Nov 12th, Dec 1st 2009Two new business planning workshops will take place on November 12th and December 1st next at the British Library in London - aimed at entrepreneurs and new start-ups. [November 4, 2009] [In Events]

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Newsletter #185 - NI increase will cost 57,000 small business jobs, How to write a business plan for you, not the bank, Brilliant or bankrupt? How to work out if your business idea is viable, How to revolutionise your marketing for free...Online version of our Business121 newsletter - this week includes; NI increase will cost 57,000 small business jobs, How to write a business plan for you, not the bank, Brilliant or bankrupt? How to work out if your business idea is viable, How to revolutionise your marketing for free, 5 classic branding mistakes to avoid and much more [October 30, 2009] [In Newsletter]

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Raising small business tax burden would be very costlyA new independent report suggests that raising the tax burden on small business would ultimately cost the country billions of pounds and hundreds of thousands of jobs. [October 30, 2009] [In Latest News]

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Firms predict return to economic growth in Summer 2010A major survey of 11,000 companies across 15 countries concludes that a strong return to economic growth is not expected to start until summer 2010. The UK firms included in the study are less optimistic than the average. [October 26, 2009] [In Business Statistics]

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The Pitch 2009 - 16th November Grand Final - Register to attendThe winner of The Pitch 2009, the UK’s comprehensive search for new business talent, will be decided on 16th November in London. Read on for your change to attend this free event, and to watch preview trailers. [October 21, 2009] [In Events]

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Newsletter #184 - A Guide to the new Companies House Forms, How to position your business against your competitors, Free tools to help promote your brand online, Top 10 tips to choosing a virtual office...Online version of our Business121 newsletter - this week includes; A Guide to the new Companies House Forms, How to position your business against your competitors, Free tools to help promote your brand online, Top 10 tips to choosing a virtual office, Claiming travel expenses from home to work - the rules and much more [October 15, 2009] [In Newsletter]

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Home Business Awards 2009 - Open for entriesThe 2009 Home Business Awards run by home business website, Enterprise Nation, are now open for entries with a deadline of 6th November 2009. [October 7, 2009] [In Events]

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Tories promise National Insurance holiday for start-upsThe Shadow Chancellor has announced a plan to implement a National Insurance holiday for new business start-ups should the Conservatives win the next election. [October 7, 2009] [In Latest News]

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You can now report tax-dodging businesses via the webFollowing recent initiatives to clamp down on tax evasion, you can now report busineses you believe are evading tax via the web. [October 5, 2009] [In Latest News]

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Newsletter #183 - Companies Act 2006 - Biggest ever company law overhaul completed today, Companies House Form changes, New rules for company directors, How to be the king of creative communication...Online version of our Business121 newsletter - this week includes; Companies Act 2006 - Biggest ever company law overhaul completed today, Companies House Form changes, New rules for company directors, How to be the king of creative communication, How to to finance your business the non-Dragons' Den way and much more [October 1, 2009] [In Newsletter]

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Startups Awards 2009 - finalists announcedThe finalists for the Startups Awards have just been announced. The featured companies are not only surviving the recession, but are utilising the opportunities created by the downturn. [September 29, 2009] [In Events]

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Wealth Wizards - inspiring business owners to make money - London 5th OctoberRachel Elnaugh has created a new experience at the British Library, London to help business owners find motivation during tough times and enhance their money-making abilities. [September 25, 2009] [In Events]

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Bytestart survey shows start-ups defiant during downturnThis summer, we conducted a visitor survey to find out how small business owners (and prospective owners) were dealing with the effects of the recession. The results suggest that the UK's entrepreneurial spirit is alive and well, despite the significant challenges of doing business in the current environment. [September 22, 2009] [In Latest News]

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National Franchise Exhibition - 2nd/3rd October 2009 - Free entry for Bytestart readersThe UK's largest franchise event, providing information on how you can start your own business as a franchisee or how to franchise your existing business, takes place at the NEC Birmingham on 2nd and 3rd October 2009. Bytestart readers can enter for free, saving £13 on the door. [September 22, 2009] [In Events]

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Newsletter #182 - £30 AdWords voucher, New rules for company directors, The low-down on starting a franchise, How to put a pension scheme in place for your employees, Successful pay per click advertising...Online version of our Business121 newsletter - this week includes; £30 AdWords voucher, New rules for company directors, The low-down on starting a franchise, How to put a pension scheme in place for your employees and Successful pay per click advertising [September 17, 2009] [In Newsletter]

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Queen's Awards for Enterprise 2010 - open for entriesThe Queen's Awards for Enterprise 2010 are open for entries until the end of October 2009. Recent award winners have been speaking about the benefits the Award has brought their business. [September 15, 2009] [In Events]

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Business North West - Manchester, 28-29th October 2009The Business North West conference and exhibition takes place at Manchester Central on 28-29th October 2009. [September 11, 2009] [In Events]

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London Connections networking event - 15th September 2009Hundreds of small businesses are set to attend a unique networking in event in the capital later this month. [September 9, 2009] [In Events]

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National everywoman Conference 2009 - London 18th NovemberThe everywoman conference - a dedicated event for female entrepreneurs - takes place in November, at the Hotel Russell in London on November 18th 2009. [September 8, 2009] [In Events]

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HMRC could demand customer information from small businessesHMRC is seeking additional powers to force businesses to provide extra information on their clients and customers, according to a leading accountancy group. [September 8, 2009] [In Latest News]

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Free Intellectual Property rights clinicBusiness owners, inventors and entrepreneurs can get the answers to all their Intellectual Property (IP) rights questions at a free advice clinic to be held in the Intellectual Property Office. [September 4, 2009] [In Events]

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Micro businesses are a good bet during a downturnA recent report suggests that smaller (micro) businesses are more likely to succeed during tough economic times. [August 28, 2009] [In Latest News]

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'Real' business networking as important as ever, despite social media boomDespite the increasing popularity of social networking websites like Twitter and Linked-In amongst small businesses, face-to-face networking is more important than ever, according to a study conducted by a business networking site. [August 27, 2009] [In Latest News]

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Newsletter #180 - The 5 Unbreakable rules of free publicity, How to pull off a successful publicity stunt, Turn past customers into new business, Cloud computing explained, 5 ways to instantly improve your cash flow...Online version of our Business121 newsletter - this week includes; How to pull off a successful publicity stunt, Turn past customers into your best source of new business, Cloud computing explained, 5 ways to instantly improve your cash flow and much more. [August 20, 2009] [In Newsletter]Browse more...Latest NewsNewsletter

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Chinese commercial banks

Chinese commercial banks should establish environmental reporting, assessment, management, and risk evaluation systems to promote sustainable development in China, according to a new report today from WWF and the People's Bank of China (PBoC), the country's financial and monetary regulatory agency.

Towards Sustainable Development: Reform and (the) Future of China's Banking Industry from WWF and the central bank's Financial Research Institute is the first high-level report on sustainable development in China's banking sector.

The report stresses the growing importance of commercial banks in China's effort to realise its national sustainable development strategy and provides specific recommendations on environmental policy changes.

It draws lessons from international standards in the finance industry such as Equator Principles (EPs), as well as the experience of international banks including Citi, Deutsch Bank and HSBC. Although there are a few national pioneers and many Chinese commercial banks have established their own environmental policies, the report concludes that most have failed to take concrete action.

While the banking industry is beginning to pay attention to sustainable development, the report calls on governments, non-government organisations, and the finance sector to drive commercial banks' commitment into action.

Over the past few years, PBoC has been driving sustainable banking through its monetary, interest rate and credit policies.

In 2007, the central bank consolidated an environmental database of Chinese companies, requiring commercial banks to review and weigh each applicant's environmental history before granting their credit applications.

In the same year, PBoC along with the Ministry of Environmental Protection (MEP) and the China Banking and Regulatory Commission (CBRC) established a green credit system. This regulated the availability of credit to companies in violation of environmental laws.

'People's Bank of China is moving along the track set by international experience, while taking into account China's own development strategies,' said WWF-China's Country Representative Dermot O'Gorman.

'WWF will continue to learn from, and provide our expertise to, China's central bank to promote sustainable development and green banking policies in China.'

LARGE COMMERCIAL BANKS

LARGE COMMERCIAL BANKS WILL likely pose a growing threat to big investment banks, although the latter can survive with strong management and close attention to asset quality, Standard & Poor's says.

The credit rating agency appeared to hew closer to the position of Philip Purcell, chief executive of Morgan Stanley, in his public spat last week with Bank of America Corp CEO Kenneth Lewis over whether commercial banks such as Bank of America have the better business model.

Commercial banks are thought to benefit from deeper capital resources, which let them extend low-cost loans or credit lines to help win more lucrative stock and bond business.

As commercial banks become "a greater threat ... we continue to believe that asset quality is going to be the primary driver of banks' health," said Barry Hancock, an S&P managing director, at S&P's global banking conference.

"Tough market conditions increase the importance of good management."

US commercial banks such as No 1 Citigroup Inc, No 2 J.P. Morgan Chase & Co and No 3 Bank of America have used lending to boost market share at the expense of Morgan Stanley, Goldman Sachs & Co, Merrill Lynch & Co and others.

Among 14 large global banks tracked by Thomson Financial, Morgan Stanley, Goldman Sachs and Merrill Lynch lost the most bond and equity underwriting market share between 1998 and 2002--a respective 2.57, 3.75 and 4.58 percentage points.

WILL likely pose a growing threat to big investment banks, although the latter can survive with strong management and close attention to asset quality, Standard & Poor's says.

The credit rating agency appeared to hew closer to the position of Philip Purcell, chief executive of Morgan Stanley, in his public spat last week with Bank of America Corp CEO Kenneth Lewis over whether commercial banks such as Bank of America have the better business model.

Commercial banks are thought to benefit from deeper capital resources, which let them extend low-cost loans or credit lines to help win more lucrative stock and bond business.

As commercial banks become "a greater threat ... we continue to believe that asset quality is going to be the primary driver of banks' health," said Barry Hancock, an S&P managing director, at S&P's global banking conference.

"Tough market conditions increase the importance of good management."

US commercial banks such as No 1 Citigroup Inc, No 2 J.P. Morgan Chase & Co and No 3 Bank of America have used lending to boost market share at the expense of Morgan Stanley, Goldman Sachs & Co, Merrill Lynch & Co and others.

Among 14 large global banks tracked by Thomson Financial, Morgan Stanley, Goldman Sachs and Merrill Lynch lost the most bond and equity underwriting market share between 1998 and 2002--a respective 2.57, 3.75 and 4.58 percentage points.

WILL likely pose a growing threat to big investment banks, although the latter can survive with strong management and close attention to asset quality, Standard & Poor's says.

The credit rating agency appeared to hew closer to the position of Philip Purcell, chief executive of Morgan Stanley, in his public spat last week with Bank of America Corp CEO Kenneth Lewis over whether commercial banks such as Bank of America have the better business model.

Commercial banks are thought to benefit from deeper capital resources, which let them extend low-cost loans or credit lines to help win more lucrative stock and bond business.

As commercial banks become "a greater threat ... we continue to believe that asset quality is going to be the primary driver of banks' health," said Barry Hancock, an S&P managing director, at S&P's global banking conference.

"Tough market conditions increase the importance of good management."

US commercial banks such as No 1 Citigroup Inc, No 2 J.P. Morgan Chase & Co and No 3 Bank of America have used lending to boost market share at the expense of Morgan Stanley, Goldman Sachs & Co, Merrill Lynch & Co and others.

Among 14 large global banks tracked by Thomson Financial, Morgan Stanley, Goldman Sachs and Merrill Lynch lost the most bond and equity underwriting market share between 1998 and 2002--a respective 2.57, 3.75 and 4.58 percentage points.

Tax-saving products

At the times when tax returns are of prime importance for every tax payer, commercial banks are planning to promote their tax saving products such as fixed deposits and equity-linked saving schemes (ELSS).

mainly consisted of instruments belonging to the insurance sector but now banks are coming forward to compete with the sector and therefore planning to aggressively market their products.

A senior official with the State Bank of India said, "Earlier, we were not very aggressive in marketing our tax-saving products as major investment tools. But now we have to devise new strategies as insurance companies have modified their marketing techniques."

Now days, the insurance companies are increasing promoting their products as investment options rather than risk cover tools. So to counter these firms, banks have decided to increase their reach in the segment and provide wider options to the consumers.

Presently, banks tax-saving products are not very popular amongst the investors. Tax saving fixed deposit constitute only 1% to 3% of the total fixed deposits of the banks and ELSS have not yet gained importance in the list of tax saving products.

Besides SBI there are three more public sector banks that are planning to market their tax saving products as better investment avenues. The new marketing strategies will attract the investors' attention towards the difference between their tax-savings products and instruments offered by the insurance firms. They will highlight on the factors like returns on FDs and ELSS are not based on the investor's age unlike the life insurance products. Normally the life insurance companies charge higher premium from the people who are above a certain age.

"We would like to bring this and many other factors to the prospective investor's notice while marketing our product," said an official from a public sector bank. Moreover an official at another PSU bank informed that his bank is appointing special staff for guiding the prospective investors and promoting its various tax-saving products.

MetLife Managing Director, Rajesh Relan said, "Traditionally, life insurance has been viewed as an instrument for both stable returns and risk cover. The recent market volatility has brought the stable ‘investment' aspect of insurance to fore once again."

At present all major life insurance companies such as Life Insurance Corporation, ICICI Prudential, Max New York Life and MetLife are placing their products as excellent investment options rather than just an insurance scheme. Some of them are offering an annual return of as high as 10% on their schemes.

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The categories just keep on expanding

The categories just keep on expanding. your boPlus size clothing is not at all about hiding dy. It’s all about flaunting your body in a more sophisticated way.
Plus size clothing doesn’t imply baggy clothing to hide your over sized figure. Well fitted plus size clothing will make you feel more sensuous by giving you an enticing appeal. No doubt, modern plus size clothing will put you on a par with mainstream fashion. You can show your legs by wearing a fashionable knee length dress or skirt. Inside a low cut top you can wear a camisole. And all this and more, is available for you in plus sizes.
You can accentuate your clothing by accessorizing with scarves and jewelry. Plus size clothing is designed to make you feel comfortable and attractive. Items in plus sizes are also available for underwear such as bras, bikinis, panties and thongs. Plus size clothing for special occasions such as plus size evening gowns, bridal wear, jeans and T- shirts are also readily available in all good department and specialized stores.
Now you can buy sleeveless and tube tops in plus sizes. Plus size apparel is all about wearing colors, prints and styles of clothing in a manner that makes you look elegant and classy. If you are over sized and quite conscious of exposing to much flesh on your shoulders, you can drape or carry an exotic shawl around your shoulders. With the right mix and match of clothing to match your size, you can look really sassy in your plus size apparel.
Do you enjoy vacations and beach parties? Who doesn’t? If you have been avoiding them because of your size till now, you are really missing out the real fun of life.
Plus size beach and swimwear has been especially made to support the contours of your body. In plus size swim suits and bikinis, you can feel relaxed and comfortable on the beach.
Finding a beautiful wedding gown is getting easier too. With the availability of plus size bridal wear, kiss your worries goodbye. Plus size bridal wear is readily available in most department and bridal stores with a large range to chose from.
There are plenty of plus size designs and clothing available in the shops and alternatively mail order from catalogues or from the Internet. So you can now shop till you drop.
Plus size clothing for kids is storming the markets, both in the shops and online. There are pants, knickers, T-shirts, jackets all available for your children. Now you just have to choose if you want to buy that striking leather jacket or that exquisite denim jacket for your child. The options are limitless; all you have to do is choose what you want to buy - the choices are endless.
Different fabrics, shades and designs are available in plus size clothing for kids. You can choose from among the costly designer wears or the more affordable department store range. There is an amazing range of styles available so that kids can keep up with the latest fashions too. Take your children shopping and let them choose what they like.
There is nothing like great fitting clothes whatever your size so make the most of the selection available and get some great pieces today.

Olga Sen writes articles on a number of different topics. For more information on Plus Size Clothing please visit www.plus-size-clothes-online.org/plussizeclothes/ and for additional Plus Size Clothing articles please visit the following article page www.plus-size-clothes-online.org/plussizeclothes-articles/

http://www.upendra30.blogspot.com

A rose by any other name can raise quite the stink, making the act of localizing Web sites to fit foreign cultures all the more thorny. "Ben and Jerry launched their 'black and tan' flavor of ice cream without realizing that this phrase referred to British soldiers that were best known for their cruelty in the fight for Ireland's independence," said Nataly Kelly pf Common Sense Advisory.
Akamai understands that customers want custom content -- and they want it fast. This Forrester Research white paper uncovers critical measures that can ensure a rich and responsive experience coupled with dynamic content, all without sacrificing page-loading speed. Download your copy today.
Selling Friends, http://www.upendra30.blogspot.com/: Crafty or Shady?September 06, 2009 On Facebook, most people make friends the old-fashioned way -- by sending a request to be added to someone's posse of pals. Now, an Australian marketing company hopes to save you time and energy by simply buying you a few thousand buddies. The service from uSocial is mostly meant for businesses, celebrities and other individuals looking to expand on the social network, and Facebook isn't happy about it. -->
Twitter and the New Social Marketing GameSeptember 05, 2009 People around the world interact with Alecia Dantico all day. Usually, though, they don't know whether she's young or old, male or female. What her followers on Facebook and Twitter know is that's she's a friendly, sometimes sassy, blue and gold tin of Garrett Popcorn.
Google Loses Leader of China OffensiveSeptember 04, 2009 The executive who led Google's expansion in China after being hired away from Microsoft following a high-profile court battle is leaving to start his own business, the U.S. search engine announced Friday. Kai-Fu Lee will step down as president of Google Greater China in mid-September. -->
Blinders May Help When You're Tooling Around TravelocitySeptember 04, 2009 Travel Web sites were among the first category of e-commerce ventures to actually make a buck a decade or so ago. It is astounding, therefore, that recent industry reports show a deep dissatisfaction among many users of these portals. In particular, Forrester Research recently reported on the failings of several of these sites, both in terms of tools and customer service.
Amazon Savages Google Book Settlement in Court BriefSeptember 03, 2009 Online bookseller Amazon.com is warning a federal judge that Internet search leader Google will be able to gouge consumers and stifle competition if it wins court approval to add millions more titles to its already vast digital library. The harsh critique of Google's 10-month-old settlement with U.S. authors and publishers emerged this week in a 41-page brief that Amazon filed. -->
eBay, Skype Annul Mismatched UnionSeptember 01, 2009 Online auction site eBay has finally managed to divest itself of Skype, the VoIP company it bought back in 2005 for $2.6 billion. A group of venture capitalists led by Silver Lake Partners has purchased 65 percent of Skype for $2.1 billion in cash and a note, eBay announced on Tuesday. The transaction will close in the fourth quarter of this year.
Wal-Mart Enlists Trio of Heavy Hitters for E-Commerce ExpansionSeptember 01, 2009 Wal-Mart has changed its logo. It's sprucing up many of its stores with new looks. Now, the world's largest retailer is expanding its online sales channel, adding a trio of carefully selected third-party vendors to its Web site in a bid to increase sales. WalMart Marketplace debuted Monday, offering 1 million products from three partners. -->
The E-Coupon GenerationSeptember 01, 2009 Electronic coupons, arriving by cellphone, Twitter, e-mail and Facebook, are helping generate an old standby's comeback and bringing in new, younger customers. Many shoppers, especially young consumers like 30-year-old April Englebert, used to reject coupons printed in newspapers and direct-mail booklets as passe or cumbersome.
Windows 7 vs. Snow Leopard: Inside the War RoomsAugust 31, 2009 Apple pushed up its Snow Leopard release by a month to provide a 60-day buffer between it and Microsoft's biggest launch of the decade. Apple can't match either Microsoft's resources or price, but the feat of snagging an unchallenged 60 days during the back-to-school and early holiday shopping season points to Apple's greatest advantage: Its marketing leader is also its CEO. -->
Will the Microhoo Machine Clear Antitrust Regs?August 29, 2009 Yahoo and Microsoft hope that by joining forces, they can tilt the balance of power in Internet search away from Google. First, however, Yahoo and Microsoft have to convince regulators that their plan won't hurt online advertisers and consumers. As the U.S. Justice Department reviews the proposed partnership, approval figures to hinge on one question.
Web Ads, Recession Pummel Newspapers in Q2August 28, 2009 Newspapers' financial woes worsened in the second quarter as advertising sales shrank by 29 percent, leaving publishers with US$2.8 billion less revenue than they had at the same time last year. It's the deepest downturn yet during a three-year free fall in advertising revenue -- newspapers' main source of income. -->
Google Plans to Branch Into Loan Referral Biz, Says LendingTreeAugust 27, 2009 LendingTree, which allows prospective borrowers to get quick offers from multiple lenders, claims Google is about to get into the same business. A LendingTree lawsuit against a separate technology provider claims that it has learned Google plans to launch such a service later this month or in early September.
Assuring Quality in the Language E-Commerce Customers SpeakAugust 27, 2009 The last 10 years has brought sea changes to the customer service industry from both operations and technology standpoints. Organizations have moved away from traditional domestic live phone support toward new technologies and business models such as interactive voice response, intelligent scripting and offshoring. -->
Having Your Data and Using It TooAugust 27, 2009 What's hot, and what's not? And how does an e-commerce concern turn it into cash? Knowing Internet trend patterns is not enough. Small e-commerce companies have to be able to act on the information they obtain in order to capitalize on it. When they do not move quickly enough, they may find themselves on the tail end of a petering-out fad.

Commercial banking is also known as business banking

A commercial bank is a type of financial intermediary and a type of bank. Commercial banking is also known as business banking. It is a bank that provides checking accounts, savings accounts, and money market accounts and that accepts time deposits.[1] After the Great Depression, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S. law, some use the term "commercial bank" to refer to a bank or a division of a bank primarily dealing with deposits and loans from corporations or large businesses. In some other jurisdictions, the strict separation of investment and commercial banking never applied. Commercial banking may also be seen as distinct from retail banking, which involves the provision of financial services direct to consumers. Many banks offer both commercial and retail banking services.

Commercial banking is also known as business banking

A commercial bank is a type of financial intermediary and a type of bank. Commercial banking is also known as business banking. It is a bank that provides checking accounts, savings accounts, and money market accounts and that accepts time deposits.[1] After the Great Depression, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S. law, some use the term "commercial bank" to refer to a bank or a division of a bank primarily dealing with deposits and loans from corporations or large businesses. In some other jurisdictions, the strict separation of investment and commercial banking never applied. Commercial banking may also be seen as distinct from retail banking, which involves the provision of financial services direct to consumers. Many banks offer both commercial and retail banking services.

A commercial bank is a type of financial intermediary and a type of bank. Commercial banking is also known as business banking. It is a bank that provides checking accounts, savings accounts, and money market accounts and that accepts time deposits.[1] After the Great Depression, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S. law, some use the term "commercial bank" to refer to a bank or a division of a bank primarily dealing with deposits and loans from corporations or large businesses. In some other jurisdictions, the strict separation of investment and commercial banking never applied. Commercial banking may also be seen as distinct from retail banking, which involves the provision of financial services direct to consumers. Many banks offer both commercial and retail banking services.

South Huntington Beach Banking Center

LOS ANGELES, March 1 /PRNewswire-FirstCall/ -- Comerica Bank today announced it is continuing its expansion in Southern California with the opening of three banking centers - in Lake Forest, South Huntington Beach, and Brea - by April 1The newest Comerica Bank banking center, in Lake Forest, opened Feb. 21. Two additional new banking centers also will open this month in South Huntington Beach and Brea.
In early 2004, there was one Comerica Bank location in Orange County. The addition of these three new offices will result in a total of 11 full-service banking centers throughout Orange County.
"Opening banking centers in Orange County is part of our long-term strategy that focuses on serving the growing numbers of business banking, small business, wealth management, and retail customers in the region," said David White, Southern California regional president of Comerica Bank's Western Market. "We are expanding our presence in several growth markets in California, especially in Orange County, building on our strengths in relationship banking, and adding new access points and new products and services."
In addition to the Comerica banking centers in Orange County, the bank's Costa Mesa office is the home of Western Market operations for commercial real estate, international finance and small business banking, as well as Southern California offices for SBA lending and the Retail Bank.
Comerica Bank anticipates there will be at least 80 Comerica banking centers in California by January 2008, nearly doubling the bank's California presence in less than four years. Comerica Bank, one of the 25 largest banking companies in the U.S., has 397 banking centers is six states. In Orange County:
- Lake Forest Banking Center, which opened Feb. 21, is located at 23718 -
B El Toro Road, Lake Forest. The manager is Ehsan Jahangiri.
- South Huntington Beach Banking Center, scheduled to open in March, is
located at 10111 Adams Avenue, Huntington Beach. The manager is
Theodore Nguyen.
- Brea Banking Center, scheduled to open in March, is located at 2500
East Imperial Hwy, Ste. 190, Brea. The manager is Nan Bicker.
Comerica Bank has announced plans to increase the pace of its banking center expansion and its business-line diversification in fast-growing markets like California, Arizona, Texas and Florida over the next four years. By the end of 2010, the bank anticipates more than half of its banking centers will be located in the Western and Sun Belt markets.
About Comerica Bank
The Western Market of Comerica Bank includes 76 retail banking centers in two states, California and Arizona, as of Feb. 21: 71 in the key California markets of San Francisco and the East Bay, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, and Santa Cruz/Monterey; and five banking centers in greater Phoenix, Ariz.
In the fourth quarter of 2006, the bank's Western Market generated 43 percent of the net operating income for Comerica Incorporated, on approximately $16.7 billion in assets at December 31, 2006.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people be successful. Comerica bank locations can be found in Michigan, California, Texas, Florida and Arizona, with select businesses operating in several other states, Canada and Mexico. Comerica reported total assets of $58.0 billion at December 31, 2006. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts. (Or, for more information, go to http://www.comerica.com/.)