The strategic plan for Detroit Commerce Bank has many facets, including identifying
potential customers outside of the dominant auto-related industries. How has the
bank positioned itself to prepare for the future?
The majority of the businesses in the Detroit area and surrounding Wayne County
market have a direct, indirect or relevant tie to, and reliance upon, the automotive
industry. Since its inception, the strategic plan for Detroit Commerce Bank has
included proactively diversifying its client base to reduce concentrations in any
one business segment, including auto-related businesses.
While Detroit Commerce Bank has provided commercial banking services primarily to
the dominant auto business community, it has positioned itself to service a diversified
client base with products and services that limit its reliance on the automotive
industry. Detroit Commerce Bank is expanding its customer base to include the professional
services area in this market with new relationships in the medical, accounting,
insurance and legal services communities. We have also developed a direct relationship
with the public, private and charter schools, as well as community colleges. In
addition, we have focused new business with those that provide contract services
and other support to the education field.
We are engaging in new relationships with the not-for-profit community and provide
other community support beyond the traditional bank services. In addition, we are
also targeting the niche businesses that service other industries in our primary
market to minimize the direct exposure to the automotive industry.
Detroit Commerce Bank’s future includes expanding the quality of its products and
financial services for existing and prospective customers while sustaining exemplary
bank safety and soundness practices.
— Harold G. Curry, President & CEO