 | Leveraging Leadership in Michigan |
The Great Lake State provides Great Opportunities, and is where Comerica has been helping people and businesses be successful for nearly 160 years.
One of Detroit’s hidden gems can be found on Conner Street in a developing neighborhood on the city’s east side. It is the home of Samaritan Center, the country’s largest one-stop employment and training center.
In 2007, Samaritan Center received a new addition with the opening of Samaritan Manor, which became the first skilled nursing rehabilitation facility to open in Detroit in more than 20 years.
Comerica has supported Samaritan Center and Samaritan Manor through its Middle Market banking team, and the Comerica Charitable Foundation, which Comerica funds, has supported it with contributions.
“The Comerica Charitable Foundation has contributed to the revitalization efforts on Detroit’s east side by supporting Samaritan Center,” said Brother Francis Boylan, Samaritan Center president.
“We appreciate the foundation’s support, which will impact our community for many years to come.”
McNaughton-McKay was founded in 1910 in Detroit, Michigan, by two entrepreneurs, John McNaughton and Arch McKay who, through their successors, fostered a family owned and operated business for over 95 years.
“We have since grown to become one of the world’s largest and most diverse electrical distributors,” said Donald D. Slominski, Jr., president and chief executive officer of McNaughton-McKay. “Comerica helped us grow and has been an important contributor to our overall success.”
Comerica Bank has been McNaughton-McKay’s bank of choice for more than 75 years. The bank helped McNaughton-McKay with a number of acquisitions, and in 2006 assisted the company in becoming 100 percent employee-owned.
“Comerica provided us with the necessary advice and capital resources to allow the family owners to achieve their desired objective of providing liquidity for their holdings while transitioning the operation and control of the business over to their loyal employees,” noted Slominski.
Today, McNaughton-McKay has 22 U.S. locations in Michigan, Ohio, Georgia, and North & South Carolina. It also has expanded into the European market with facilities in Stuttgart and Wegberg, Germany.