Comerica Corner: The Inventor
Victor Quiñones considers himself to be an inventor. From owning patents to innovating new businesses and products.
Born in the border town of Reynosa, Tamaulipas, Mexico, Victor grew up with the opportunity of having a dual citizenship. He started as a pilot in school and it was during an early stage in college that he learned how to start his own business. During the time, a big devaluation of the Mexican peso began. Victor learned about what debt really meant during this stage in his life. His father never stopped repeating the importance of respecting one’s credit and the responsibility that came with it. He knew that being in debt would never take him anywhere.
Victor started his second business, a money exchange house. It was 1984 and Victor had his plan set out. He was going to be paying the bank all his debt from his first business by the earnings of this new business. Life happened and Victor went through an accident which then left him with even more debt and no plan at all.
Victor moved to North Carolina with seven dollars with the help of his brother. Once again he created a new business. He approached a bank, to find financial help. It was in this bank, in North Carolina that Victor met his current banker and current employee of Comerica Bank. “I have been following her wherever she goes because she’s amazing, she’s a great banker and I trust her,” expressed Victor.
Today, Victor is the CEO of Concord Supply, a San Antonio based creative company dedicated to create new processes and innovative products tailored for the steel industry. His business has been able to grow throughout the years thanks to his innovative strategies and the trust from his banker. In response to Covid-19, Comerica trusted him by offering him the PPP loan in order to not only pay his 400 employees but also to continue his creative ways of innovating and keep his business growing.
Thanks to his lifelong banker now at Comerica Bank, Concord Supply was one of the first manufacturing plants involved with the production of masks for the U.S. “My whole life I have been conquering success thanks to innovation and adapting to different scenarios that life gives you,” states Victor.
“There is nothing more important than your relationship with a bank, being responsible and earning their trust. Money is important for just one reason: to be a tool for work and creating more jobs.”