- BBVA Compass
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BBVA Compass 
Type Subsidiary Industry Finance Founded 1964 Headquarters Birmingham, Alabama, USA Products Financial Services Revenue 
US$ 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
- ^ "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
- BBVA Compass official site
50 largest banks / bank holding companies in the United States as of September 30, 2011 Ally • American Express • Associated • BancWest* • Bank of America • Bank of New York Mellon • BB&T • BBVA Compass* • BOK Financial • Capital One • CIT • Citigroup • Citizens Financial Group* • City National (California) • Comerica • Commerce • Discover • East West Bank • Fifth Third • First Citizens • First Horizon • First Niagara • Goldman Sachs • BMO Harris* • Hancock • HSBC Bank USA* • Huntington • JPMorgan Chase • Key • M&T • MetLife • Morgan Stanley • New York Community • Northern Trust • PNC • Popular • RBC* • Regions • Silicon Valley • State Street • SunTrust • Synovus • Taunus* • TCF • TD* • U.S. Bank • UnionBanCal* • Utrecht-America* • Wells Fargo • Zions
* indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only.Categories:- Companies based in Birmingham, Alabama
- Banks established in 1964
- Banco Bilbao Vizcaya Argentaria
- Banks based in Alabama
- United States bank stubs
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