Mount Clemens updates its banking preference

By: Alex Szwarc | Mount Clemens - Clinton - Harrison Journal | Published January 12, 2022


MOUNT CLEMENS — More city accounts will be going with Comerica Bank.

At its Jan. 3 meeting, the Mount Clemens City Commission unanimously approved the use of Comerica Bank for its banking services and the authorization of the finance director/treasurer to open any necessary accounts.

City Manager Don Johnson said the Commission recently approved the use of Comerica Bank to process the city’s coin collections when it was informed Huntington Bank, which purchased TCF Bank, could not provide this service.

He said the city finance director and treasurer, Cliff Maison, wants to move the rest of the city accounts to Comerica Bank.

“Comerica Bank has a municipal division where they are solely dedicated to working with finance directors and treasurers from city, townships and villages within the state,” Maison said.

He noted that all accounts with Huntington Bank will close.

Johnson said Comerica Bank has a wealth of experience in the municipal sector.

“It can provide any of the services that (the) city will need to operate its banking and payroll responsibilities,” he commented. “They have several branch locations in the immediate area but none within our city limits.”

In meeting with key personnel from Comerica’s municipalities division, Johnson said the city was impressed how this transition would benefit departments.

“Professionally, I have worked with Comerica and its predecessor organizations going back five decades both in the banking and trust areas of operations,” he said. “During this period, I have never encountered a problem that was not responded to promptly or an employee who was not willing to assist with its solution.”

The Commission’s next meeting is Jan. 18.