HOUSTON, April 28, 2014 /PRNewswire/ -- BBVA Compass is establishing its presence in North Carolina, leasing space in the Charlotte Chamber of Commerce building for its new loan production office, bank officials announced today.
BBVA Compass bankers will move into the fourth floor of the five-story building at 330 Tryon St. in the city center this summer.
"BBVA Compass' expansion into Charlotte speaks to the strength of our financial services sector as well as the city's thriving international presence," said Bob Morgan, the chamber's president.
The Charlotte location is one of several loan production offices BBVA Compass received approval to open to help expand the bank's commercial loan offerings beyond its Sunbelt footprint. BBVA Compass now has approval to open loan production offices across the United States in Seattle, San Francisco, Los Angeles, Nashville, Tenn., Columbus, Ohio, and Raleigh, N.C.
"We're looking forward to moving into our permanent home in the Queen City," said Scott Cox, East region manager for Commercial Banking for BBVA Compass. "Charlotte is a major financial hub and we're proud to be a part of the city's vibrant banking sector."
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 685 branches, including 350 in Texas, 90 in Alabama, 78 in Arizona, 64 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.
SOURCE BBVA Compass