Charles 'Mark' Tuggle Named Chair of Consumer Bankers Association's Collections Committee

News provided by

Sep 08, 2010, 11:21 ET

BIRMINGHAM, Ala., Sept. 8 /PRNewswire/ -- BBVA Compass announced today that Charles "Mark" Tuggle, senior vice president and director of Collections, has been named to serve as chair of the Consumer Bankers Association's (CBA) Collections Committee. As Chair of the Collections Committee, Tuggle will lead the committee in maintaining its focus on the unique needs of today's collections efforts as it discusses best practices for minimizing losses and keeping customers in their homes as loan delinquencies and defaults increase.

(Photo: http://photos.prnewswire.com/prnh/20100908/DA61158)

(Photo: http://www.newscom.com/cgi-bin/prnh/20100908/DA61158)

"BBVA Compass is a long-standing and valued member of the CBA family and I am very pleased Mark Tuggle will be leading the Collections Committee. Given current economic conditions, banks must have a dual focus on generating loans and preventing loan losses, which makes collections an even more critical function in retail banking operations. CBA's Collections Committee provides the only forum for collections officers to discuss issues and compare best practices," said CBA President Richard Hunt.

Founded in 1919, CBA is the recognized voice on retail banking issues in the nation's capital and provides leadership, education, research and federal representation on retail banking issues such as privacy, fair lending and consumer protection legislation/regulation. Member institutions are the leaders in consumer financial services, including auto finance, home equity lending, card products, education loans, small business services, community development, investments, deposits and delivery. Shelaghmichael Brown, BBVA Compass senior executive vice president and head of Retail Banking, also serves on CBA's 20-member Board of Directors.

As director of Collections at BBVA Compass, Tuggle is responsible for the strategic direction and oversight of Retail collection and is also accountable for the mitigation of consumer loan delinquency and loss across all Retail products in the bank. Tuggle also has responsibility for delivery in all stages of collection through the call center and support staff located in Decatur and Birmingham, Alabama. In his 10 year career with BBVA Compass, Tuggle has held increasingly responsible positions in the bank.

An Alabama native, Tuggle received his undergraduate degree from Birmingham-Southern College, MBA from Samford University and also graduated from The CBA Graduate School of Retail Bank Management. Tuggle is an active member of the local community and serves as president of the Oak Mountain High School Band Boosters.

ABOUT BBVA COMPASS

BBVA Compass is a Sunbelt-based financial institution that operates 723 branches including 387 in Texas, 92 in Alabama, 65 in California, 77 in Arizona, 45 in Florida, 36 in Colorado and 21 in New Mexico. BBVA Compass is the 15th largest U.S. commercial bank based on deposit market share and ranks among the largest banks in Texas (4th), Alabama (3rd) and Arizona (5th). For the second consecutive year, BBVA Compass was named as a "Lender of the Year" by the Small Business Administration (SBA). Additional information concerning BBVA Compass can be found on our website www.bbvacompass.com.

BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial services group with approximately $755 billion in total assets, 48 million clients, 7,400 branches and approximately 104,000 employees in more than 30 countries. BBVA ranks among the top 20 largest financial institutions in the world based on market capitalization and 21st in Global Finance magazine's list of the "World's 50 Safest Banks" for 2010. 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, and the United Kingdom.