PLAZA BANK OF COMMERCE

Plaza Bank of Commerce was established in 1979 in Silicon Valley and grew steadily to exceed $500 million in assets, becoming a respected regional institution known for its focus on business and technology clients. In December 1990, the Federal Reserve approved Comerica Incorporated’s acquisition of Plaza Commerce Bancorp, the parent company of Plaza Bank of Commerce headquartered in San Jose, California. The transaction represented Comerica’s strategic expansion into the California market, broadening its footprint beyond the Midwest. Completed in 1991, the acquisition, alongside Comerica’s purchase of the Bank of Industry, anchored the bank’s presence in both Northern and Southern California, strengthening its position to serve the state’s growing technology and entertainment sectors through relationship-driven banking and regional growth initiatives.