HOUSTON, June 13, 2014 /PRNewswire/ -- BBVA Compass was recently named a top regional bank in the Midwest, Southeast and Pacific U.S. by NerdWallet, a comparison site for consumer banking services.
In each region, NerdWallet ranked BBVA Compass among its top 20 financial institutions for the site's Spring 2014 Consumer Banking Index. The bank, along with 300 of the nation's largest banks and credit unions, was evaluated on consumer products and services that consumers identified as key considerations when choosing a financial institution: free checking; high-yield savings; free online bill pay; customer service; and branch, mobile and ATM access.
"We've heavily invested in updating our offerings to appeal to what consumers are saying they want and need," said Joe Cartee, Consumer Segments executive director for BBVA Compass. "The recognition from NerdWallet validates all of our efforts to better meet their diverse needs."
BBVA Compass' high marks in all categories give the bank good "consumer potential," according to NerdWallet.
"While many banks today maintain high fees and low yields for introductory accounts, BBVA Compass offers its customers a range of excellent consumer products with easy access to their money," said John Gower, senior analyst for NerdWallet. "Their ClearConnect Checking, for example, is free of monthly fees and accessible online, by mobile phone, and at thousands of Allpoint ATMs nationwide."
This marks the second time BBVA Compass has been acknowledged by NerdWallet. The bank's ClearConnect Checking account and mobile banking app received positive reviews in the site's inaugural consumer banking index in the fall of 2013.
NerdWallet was founded in 2009 and is a free service that helps guide consumers through important financial decisions. The site has gained the attention of the financial media, earning recommendations from CNNMoney and the New York Times, among others.
About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 684 branches, including 352 in Texas, 89 in Alabama, 78 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration and was recently awarded the 2013 Celent Model Bank Award for its new core banking platform. Additional information about BBVA Compass can be found at www.bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com.
BBVA Compass is a trade name of Compass Bank, Member FDIC.
SOURCE BBVA Compass