Lee Vardaman appointed to BBVA Compass board of directors
- Industry veteran joins board
- He formerly served as chief credit risk officer for commercial banking
- Played key role in building bank's current risk and control framework
HOUSTON, Jan. 29, 2015 /PRNewswire/ -- BBVA Compass announced today that Lee Vardaman has been appointed to its board of directors.
Vardaman previously served as chief credit risk officer for the bank's commercial and corporate and investment banking activities, overseeing credit risk while achieving healthy and diversified loan growth.
"Lee has played a significant role in the development of a strong risk and control framework at the bank," said BBVA Compass Chairman and CEO Manolo Sanchez. "We're fortunate that he will continue to lend us his expertise. We're a stronger board as a result of his addition, and we look forward to his immediate contribution."
In addition to joining the bank's board of directors, Vardaman joins the board of BBVA Compass Bancshares Inc., the bank's holding company.
Vardaman joined BBVA Compass in 2002 after serving for 16 years as a senior risk executive at Bank of America.
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 673 branches, including 342 in Texas, 89 in Alabama, 77 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico, and commercial and private client offices throughout the U.S. 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 recently earned the top ranking with customers in American Banker's 2014 annual reputation survey of the top 25 largest U.S. retail banks. Additional information about BBVA Compass can be found at www.bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com.
Editor's Note:
BBVA Compass is a trade name of Compass Bank.
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SOURCE BBVA Compass
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