BBVA Compass rebranding bulks up San Antonio branch reach
San Antonio Business Journal
BBVA Compass has expanded its reach in San Antonio as a result of the recent conversion of LNB (formerly Laredo National Bank) bank branches to the BBVA Compass brand.
The conversion brings seven former LNB branches under the Compass umbrella.
All San Antonio locations are expected to be rebranded as BBVA Compass branches by the end of the year, and all Compass branches in the lender’s six-state footprint will be rebranded by the end of the first quarter of 2009.
In a prepared statement, David Davis, regional retail executive for Compass for South and Central Texas, said several of the banking centers are in parts of town where the lender did not previously have branches.
“We want to be as convenient as possible to those who live and work in San Antonio and these locations will help us continue to better serve our customers,” Davis said.
BBVA Compass is a subsidiary of Compass Bancshares Inc., the Texas chartered bank holding company for Compass Bank in Houston. It has total assets of approximately $61.5 billion. It operates 579 branches across a six-state Sunbelt Region, including Texas, Florida, Colorado, Arizona, Alabama and New Mexico.
Compass Bancshares is a wholly owned subsidiary of Spanish bank Bilbao Vizcaya Argentario S.A. (BBVA) — a financial services group with more than $750 billion in total assets, 47 million clients, 8,000 branches and approximately 112,000 employees in more than 30 countries.
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