Caption: First of AmericaThere's another big bank looking for a headquarters in downtown Detroit. But, relax, the search promises to be low-key. It won't echo last year's thunderous debate over a site for a new Comerica bank headquarters.The bank is First of America-Southeast Michigan. It's already at home in downtown Detroit, leasing several floors of the Penobscot Building. But its lease expires in 1992, and the bank's president, David Harrison, is known to be out looking at other sites.With developers going broke right and left, building owners lost after a prestige tenant like First of America. Not only will the bank pay rent on several floors, but it'll create a high-profile branch bank in the lobby of wherever it moves. Bank branches bring lots of people in the door, a healthy sign for a downtown building.Harrison is mum about his plans. But he's known to have decided against moving into one of the spanking-new skyscrapers that developers hope to add to theThe bank's sought-after logo now appears on Griswold Street.
The front and back of this photograph are pictured below.
