NORTHVILLE TOWNSHIP, Mich. — The Michigan Credit Union League went on the attack last week in assailing as shameful a surprise decision by the $58 billion Comerica Bank, the state’s largest, to relocate its corporate headquarters to Dallas.

“The state of Michigan is struggling right now, and for Michigan’s oldest bank and a stalwart supporter of Metro-Detroit communities for many decades to relocate for the purpose of growing profits is a real psychological blow,” declared David Adams, president/CEO of the league, stressing the move “creates a stark contrast” between CUs committed to local communities and size-driven big banks.

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