COMERICA
BANK – WESTERN MARKET
The Western Market of Comerica Bank includes 75 banking centers
in two states, California and Arizona: 70 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; also, five banking centers in greater Phoenix, Ariz. |
DON SEBASTIANI & SONS
This family-owned firm specializes in upscale, but moderately
priced varietal wines.
Principals Don Sebastiani and sons, Donny and August, are third- and fourth-generation
California vintners and wine merchants. The company, with headquarters in
the Sonoma Valley
and a winery in the Napa Valley, reached annual case volume of 1.5 million
in 2005, making it
one of the fastest-growing wineries in California. That same year, Wine
Enthusiast magazine
named Don Sebastiani & Sons the American Winery of the Year.
“It just reaffirms that our innovativeness in trying to
create exciting new wine brands has struck
a chord with the consumer,” says Richard Conley, chief operating officer.
“Comerica and its
San Francisco Regional Office has been a great partner in helping us achieve
growth by being
flexible and responsive.”
Don Sebastiani & Sons depends on Comerica to provide it
with a revolving line of credit to
finance inventory and accounts receivable, as well as an equipment loan to
finance the
purchase of steel tanks and bottling equipment.
THE MASTRO COMPANIES
With headquarters in Scottsdale, Ariz., this highly successful restaurant holding/management company is a customer of Comerica’s Phoenix Regional Office. The Mastro Companies has four restaurant brands: Mastro’s Steakhouse, an upscale steakhouse with locations in Scottsdale, Costa Mesa, Beverly Hills and Thousand Oaks; Mastro’s Ocean Club, an upscale seafood restaurant with locations in Scottsdale and Newport Beach; Maloney’s, a college-town bar & grill with locations in San Diego and throughout the Southwest; and Cocomo Joe’s, a Caribbean-themed restaurant in Phoenix. Comerica has not only provided financing for five of Mastro’s 13 locations, but also assisted with real estate transactions and a working capital line of credit.
“Comerica has been terrific,” says Jeff Mastro, president. “They helped us tremen–dously with our growth spurt in 2002, and stepped up again this year to help us out in our latest round of growth.”