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BBVA Compass will likely face restrictions on M&A and branching after issues turned up in its recent CRA exam. Though a CRA rating downgrade is bad, some believe the foreign-owned bank is better off than banks that have had compliance issues arise after submitting a merger application.
August 25 -
BBVA Compass in Houston reported a drop in second-quarter earnings, partly because of a larger loan-loss provision.
July 30 -
The CEO of the top-ranked brand in our reputation survey explains how the bank skyrocketed to No. 1.
June 22 -
Just three months after acquiring digital banking startup Simple, BBVA Compass is continuing its digital self-improvement journey with the hire of two high-profile executives.
May 13
BBVA Compass Bancshares in Birmingham, Ala., plans to hire 10 community relations officers to help improve its community reinvestment record.
The $76 billion-asset company said last week that
The hires are related to its promise "to announce substantial commitments in loans, investments and services" for underserved communities, the company said in a release Thursday.
BBVA Compass has already placed six community relations officers in Birmingham, Phoenix, San Francisco, Riverside, Calif., Dallas and Austin, Texas. Another four positions are available in Colorado, Florida, New Mexico and Texas.
"These new positions are part of our plan to centralize responsibility and management of our community development efforts," Reymundo Ocanas, BBVA Compass' director of corporate responsibility and reputation, said in the release.
The officers will work with nonprofits to coordinate BBVA's community development efforts and "help manage certain services" for low- and moderate-income individuals and neighborhoods," including financial education, grants, access to capital and homeownership.
BBVA Compass runs 673 branches in seven states.
