The chairman of BBVA Compass Bancshares is retiring.

Larry Uhlick will retire as chairman of the Birmingham, Ala., company's bank on Sept. 30. BBVA Compass also said in a press release Monday that Manolo Sanchez, the bank's president and chief executive, will succeed Uhlick.

Uhlick became chairman of BBVA Compass, the U.S. arm of Spanish banking giant Banco Bilbao Vizcaya Argentaria, in 2010. Before joining BBVA, he spent 23 years as CEO of the Institute of International Bankers, a trade group for international financial institutions operating in the United States. BBVA said that Uhlick plans to continue working on policy issues related to international finance after his retirement.

Uhlick's "deep understanding of international banking and his keen insight into regulatory issues has been a real benefit to BBVA Compass," Sanchez said in the release. "He has played a key role in the growth and success of our bank, helping us to effectively navigate the Washington landscape during an important and challenging time for the industry."

Sanchez was named president and CEO of BBVA Compass in 2008.

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