HOUSTON, Sept. 16, 2013 /PRNewswire/ -- BBVA Compass today announced that Larry Uhlick is retiring as chairman of the board of directors of BBVA Compass and its holding company, BBVA Compass Bancshares Inc. Manolo Sanchez, BBVA Compass president and CEO, will take over as chairman upon Uhlick's departure Sept. 30.
Uhlick plans to continue working on policy issues in international banking and financial services.
"I've been privileged to be a part of an exciting chapter for BBVA Compass," he said. "And I look forward to using my cumulative knowledge and expertise to assist others in dealing with our complex regulatory system."
Over the course of his career, Uhlick has distinguished himself as an expert in regulatory and legislative affairs. Before his appointment as BBVA Compass chairman, he spent 23 years as the chief executive of the Institute of International Bankers, which represents internationally headquartered banks from 40 countries that operate in the United States.
"Larry's deep understanding of international banking and his keen insight into regulatory issues have been a real benefit to BBVA Compass," said Sanchez. "He has played a key role in the growth and success of our bank, helping us to effectively navigate the Washington landscape during an important and challenging time for the industry."
Uhlick also served as vice president and counsel at Morgan Guaranty Trust Co., where he was responsible for legislative and regulatory matters. Prior to that, he was vice president and counsel of the New York Clearing House Association, the nation's first and largest bank clearing house, and practiced law with the firm of Davis Polk & Wardell LLP from 1970 to 1976.
Uhlick is a graduate of Adelphi University and holds a master's degree in political science and a law degree from Syracuse University as well as an advanced master's, or LL.M., from New York University School of Law.
"We are grateful for Larry's service," said Sanchez. "We wish him all the best."
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 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 688 branches, including 352 in Texas, 90 in Alabama, 78 in Arizona, 64 in California, 45 in Florida, 38 in Colorado and 21 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 Administration lenders 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.
BBVA Compass is a trade name of Compass Bank, member FDIC.
SOURCE BBVA Compass