HOUSTON, Sept. 26, 2011 /PRNewswire/ -- The BBVA Compass Foundation today announced a donation of $10,000 to the American Red Cross in response to the wildfires that have raged across Texas. Also, BBVA Compass is making limited-time offers available to customers in FEMA-designated disaster counties, among them special loan and payment deferral programs.
"Access to money for businesses and individuals is an important part of the recovery process," said Manolo Sanchez, BBVA U.S. country manager and president and CEO of BBVA Compass. "As a member of the affected communities, we want to be as responsive and flexible as possible."
In addition to the Red Cross donation, BBVA Compass is implementing a disaster-relief program for individuals and small businesses affected by the wildfires. Components of the program, available in the affected areas through the end of the year, include(1):
- Special rates and terms on consumer and small business loans
- Deferred payments on existing consumer and small business loans and credit cards
- Loan payment late fee forgiveness
- CD early withdrawal penalty waivers*
- Free replacement of debit and credit cards, with express delivery
For more information on these offers, call 1-800-Compass (1-800-266-7277) or visit our website at www.bbvacompass.com.
ABOUT BBVA COMPASS
BBVA Compass is a Sunbelt-based financial institution that operates more than 712 branches including 374 in Texas, 93 in Alabama, 78 in Arizona, 65 in California, 45 in Florida, 36 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 20 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (3rd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the nation's leading Small Business Administration (SBA) lenders, earning 'Lender of the Year' honors in 2009 and 2010. Additional information concerning BBVA Compass can be found on our website www.bbvacompass.com.
BBVA Compass is a subsidiary of BBVA Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial services group with approximately $800 billion in total assets, 48 million clients, 7,400 branches and approximately 110,000 employees in more than 30 countries. BBVA ranks among the top 20 largest financial institutions in the world based on market capitalization and 17th in Global Finance magazine's list of the "World's 50 Safest Banks" for 2011. BBVA provides its customers around the world with a full range of financial services, including commercial and wholesale banking, retail banking services, consumer loans, mortgages, credit cards, securities brokerage, wealth management, pension plan management and insurance. The BBVA Group maintains a leadership position in Spain, Mexico, Latin America and the Sunbelt Region of the United States, as well as operations in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, Turkey, and the United Kingdom. More information about the BBVA Group can be found at www.bbva.com.
Editor's note: BBVA Compass is the trade name of Compass Bank and is a trademark of Compass Bancshares, Inc. Compass Bank, Member FDIC.
(1) Restrictions and limitations may apply. See your local banking center for details. All loans are subject to credit approval. BBVA Compass is an Equal Housing Lender. *Withdrawals occurring within seven days after the date of deposit will be assessed the early withdrawal penalty.
SOURCE BBVA Compass