BBVA Compass

BBVA Compass
BBVA Compass
Type Subsidiary
Industry Finance
Founded 1964
Headquarters Birmingham, Alabama, USA
Products Financial Services
Revenue increaseUS$ 3.4 Billion (2010)
Employees 8,808
Parent BBVA
Website http://www.bbvacompass.com/
BBVA Compass branch, Austin, Texas

BBVA Compass is a United States financial holding company headquartered in Birmingham, Alabama, with US$65 billion in assets and primarily located in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. Compass Bancshares is one of the U.S.’s 25 largest banks, and was previously a member of the S&P 500 Index and the Dow Jones Select Dividend Index. The corporate headquarters are in the Daniel Building in downtown Birmingham. Birmingham is also the location of all BBVA Compass's administrative and operational functions.

On February 16, 2007, Compass announced that it would be acquired by Banco Bilbao Vizcaya Argentaria (BBVA), the second largest bank in Spain. The deal was completed on Friday, September 7th, 2007, when Compass Bancshares became a wholly owned subsidiary of BBVA. The transaction gave BBVA a substantial stakehold in the US banking sector by creating the largest financial institution in the Sun Belt region. BBVA plans to integrate banks previously acquired in the US with the current Compass technology and management platforms.

On August 21, 2009, in an Federal Deposit Insurance Corporation-supervised transaction, BBVA Compass acquired the deposits and other core assets of the failed Guaranty Bank of Austin, Texas. The deal gives BBVA Compass a first-time presence in California and expands an existing presence in Texas.[1]

Notes and references

  1. ^ "BBVA Compass buys failed Guaranty Bank". San Francisco Business Times. August 21, 2009. http://www.bizjournals.com/sanfrancisco/stories/2009/08/17/daily90.html. Retrieved 2009-08-26. 

External links

Portal icon Alabama portal
Portal icon Companies portal

Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • BBVA Compass — Lema Banking built for you Tipo Subsidiaria Fundación 1964 Sede Birmingham, Alabama, EE …   Wikipedia Español

  • Compass Bank — is a name of a bank. It may refer to: Compass Bank of New Bedford, Massachusetts, USA, acquired by Sovereign Bank in 2004 BBVA Compass, headquartered in Birmingham, Alabama, USA This disambiguation page lists articles associated with the same… …   Wikipedia

  • Compass Bancshares — Infobox Company | company name = Compass Bancshares, Inc. company company type = Subsidiary company slogan = Just a little better. foundation = 1964 location = Birmingham, Alabama, USA key people = industry = Finance products = Financial Services …   Wikipedia

  • Banco Bilbao Vizcaya Argentaria — Grupo BBVA Rechtsform S.A. (Aktiengesellschaft) ISIN ES0113211835 Gründung 19 …   Deutsch Wikipedia

  • Би-би-ви-эй Компасс Стэдиум — «Би Би Ви Эй Компасс Стэдиум» с видом на центр Хьюстона Полное название BBVA Compass Stadium М …   Википедия

  • Би Би Ви Эй Компасс Стэдиум — «Би Би Ви Эй Компасс Стэдиум» с видом на центр Хьюстона Полное название BBVA Compass Stadium М …   Википедия

  • List of college bowl games — The following is a list of current, defunct, and proposed College football bowl games. Five bowl games are currently part of the Bowl Championship Series, a selection system that creates five bowl match ups involving ten of the top ranked teams… …   Wikipedia

  • Daniel Building — in Birmingham, Alabama General information Status Complete Type …   Wikipedia

  • Banco Bilbao Vizcaya Argentaria — La versión actual de este artículo o sección parece estar escrita a modo de publicidad. Para satisfacer los estándares de calidad de Wikipedia y procurar un punto de vista neutral, este artículo o sección puede requerir limpieza. Por favor… …   Wikipedia Español

  • Alabama — This article is about the U.S. state of Alabama. For the river, see Alabama River. For other uses, see Alabama (disambiguation). State of Alabama …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”