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The deal gave BBVA Compass a presence in California and expanded an existing presence in Texas. [14] In 2009, the bank launched the BBVA Compass ClearPoints Card, a rewards card with an associated mobile app that notably allows for real-time, in-person redemption of rewards points. [15]
Guaranty Bank was a major bank based in Austin, which collapsed in 2009. [2] It was formed in 1988 [3] as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, [4] and had $13 billion in assets and held $12 billion in deposits. [2]
In the second quarter of the year, the Group announced the purchase of Valley Bank in California through BBVA Bancomer. In 2005, it bought the Banco Laredo (located in Texas), and in 2006 the Texas Regional Bancshares (Texas State Bank). In 2007, BBVA acquired Alabama Compass Bank in the US, strengthening its franchise in that country.
BBVA acquired Compass Bank back in 2007, whereupon the bank was renamed BBVA Compass, thus cementing its American presence as BBVA USA. ... California. 321170538. Colorado. 107005319. Florida ...
Compass Bancshares: BBVA Compass: $9.8 billion BBVA Compass: 2007 Bank of America: LaSalle Bank: Bank of America: $21 billion Bank of America: 2007 State Street Corporation: Investors Financial Services Corporation: State Street Corporation: $4.2 billion State Street Corporation: 2007 [2] Bank of New York: Mellon Financial Corporation: Bank of ...
Compass Bank may refer to: BBVA USA , formerly BBVA Compass and Compass Bancshares, a defunct American bank Compass Bank , a bank in New Bedford, Massachusetts , USA which was acquired by Sovereign Bank in 2004
To protect the depositors, the FDIC sold all of the deposits of Guaranty Bank to BBVA Compass of Birmingham, Alabama. At the time of its collapse, the bank had 103 branches in Texas and 59 branches in California.
On June 1, 2021, PNC acquired BBVA USA for $11.6 billion in cash. [64] The acquisition significantly boosted its presence in Colorado and Texas, complemented its presence in Alabama and Florida, and introduced the bank to the Arizona, California, and New Mexico markets. [65] In 2021, PNC originated nearly 95,000 mortgages worth $34.8 billion. [66]