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Former BBVA Compass branch in Austin, Texas. BBVA USA was a bank headquartered in Birmingham, Alabama.It was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services.
Later, BBVA unified its corporate image in the country by reorganizing its entire portfolio of brands under the name "BBVA Compass". In 2009, it acquired the Guaranty Bank in Texas, following the collapse of this entity. In 2014, BBVA acquired the US digital banking company Simple for 117 million dollars. In its push towards a digital future in ...
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]
BBVA acquired Compass Bank back in 2007, whereupon the bank was renamed BBVA Compass, thus cementing its American presence as BBVA USA. ... Keep reading to learn BBVA’s routing number for your ...
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
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]
BBVA México [a] is the largest Mexican financial institution (2024), having about 30.4% of the market. [2] Founded in 1932 as Banco de Comercio (Bancomer), and rebranded from 2000 to 2019 as BBVA Bancomer, [3] its main stockholder is the Spanish bank BBVA. [4] Its headquarters are located at the Torre BBVA México on Paseo de la Reforma in ...
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.