 | Reaching Out in Texas |
Comerica believes the Lone Star State provides Great Opportunities to grow and succeed, both here in the U.S. and abroad.
Omega Environmental Technologies, a Dallas, Texas-based distributor and light manufacturer of after-market automotive air conditioning products, has achieved double-digit growth in sales in recent years, despite major restructuring in the automotive industry.
Founded in 1989, Omega is one of the top privately owned companies in the Dallas/Fort Worth area. In 2007, it was the winner of the prestigious Small Business Exporter of the Year Award by the Export-Import Bank of the United States (Ex-Im Bank).
“We service 87 countries,” said Omega founder and chief executive officer Grace Davis. “We’re always looking for niche markets whether through geographical expansion or new lines.”
Comerica provides Omega a large spectrum of products and services — from its lines of credit, including Comerica Trade Finance department involvement in an Ex-Im Bank facility — to the company’s 401(k) plan.
“Comerica was our first bank and has been a very important part of our success.”
Safety Vision is a Houston, Texas-based company, founded in 1993, that soon ranked number 298 among the Inc. 500 fastest-growing private companies in the United States. Its mobile camera systems help reduce risk, prevent accidents and save lives in mobile fleet industries as diverse as police, mass transit, mining and student transportation.
Safety Vision owner and chief executive officer Bruce Smith attributes the company’s annual double-digit growth to the increased need for safety and security, and a surging international presence.
Safety Vision now sells products in 25 countries. Safety Vision began a banking relationship with Comerica in 2006.
“We chose Comerica because they provided compelling options, so it made economic sense to make the move,” Smith said. “You cannot fund the type of growth we’re experiencing without having a great banking relationship.”
In August 2007, Comerica announced the site of its new corporate headquarters in Texas, with the signing of a multi-year lease at the 60-story office tower located at 1717 Main Street in downtown Dallas.
Four “Comerica” signs were placed atop Comerica Bank Tower in November 2007.
The Comerica Bank New Year’s Parade through downtown Dallas kicked off in front of the new corporate headquarters, and on January 2, 2008, the first floor banking center opened for business for the first time.
Comerica Bank Tower serves as a hub for the underground pedestrian walkway system that connects shops, restaurants and other area buildings.