Comerica Bank today announced the relocation of its downtown Detroit banking center from the 201 W. Fort building to the historic Penobscot Building on Feb. 12, 2018. The new office is part of a $3 million investment Comerica announced earlier this year as the bank reshapes its presence throughout Detroit to support the city’s economic development.
“The transformation of downtown Detroit over the past several years, and most recently with the opening of Little Caesars Arena, has been amazing to watch,” says Michael T. Ritchie, president of Comerica Bank-Michigan. “The relocation of our Fort-Washington banking center reflects Comerica’s continuing support for the city in which we were founded almost 170 years ago.”
Comerica’s new Penobscot Building office will be located at 645 Griswold in Detroit and the 4,000-square foot banking center will feature four customer service stations, night depository and safe deposit boxes, a walk-up ATM, and all the services currently available at Fort-Washington.
Josh Smith, a 20-year banking veteran with 12 years of experience at Comerica, will manage the Penobscot Building office after transferring his team from Fort-Washington.
The relocation is part of a larger real estate transaction involving the sale of the 201 W. Fort Building, which is progressing.