Compass Bank, officially Compass Bancshares, Inc., was a U.S. financial holding company headquartered in Birmingham, Alabama. Founded in 1964 as Central Bank and Trust Company, it grew significantly through acquisitions. In 2007, it was acquired by the Spanish banking group BBVA (Banco Bilbao Vizcaya Argentaria) and was rebranded as BBVA Compass, later simplified to BBVA USA. As BBVA USA, it operated primarily in the Sunbelt region, offering a wide range of retail and commercial banking, wealth management, and insurance services. In June 2021, PNC Financial Services Group completed its acquisition of BBVA USA, integrating its operations and customers into PNC Bank. This profile largely reflects Compass Bank / BBVA USA prior to the PNC acquisition.
Served as the central hub for executive management, strategic planning, corporate operations, risk management, and support services for BBVA's U.S. banking network.
The headquarters was located in the BBVA Tower (previously known as the Daniel Building, SouthTrust Tower, Wachovia Tower, and Compass Center), a prominent 31-story skyscraper in downtown Birmingham, symbolizing the bank's significant presence in the city.
The work culture at BBVA USA emphasized customer-centricity, digital transformation, and community involvement. It fostered a professional environment with a focus on innovation in financial services, teamwork, and adherence to regulatory standards. Employees often described a collaborative atmosphere with opportunities for growth.
The Birmingham headquarters was crucial as the command center for all U.S. operations, guiding the bank's expansion and strategy in a competitive market. It represented a major employer in Birmingham and a significant player in the regional economy.
While BBVA USA's operations were concentrated in the United States (primarily Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas), its parent company, BBVA Group (Banco Bilbao Vizcaya Argentaria), has a substantial international presence. Key markets for BBVA globally include Spain, Mexico (a very significant market), South America (e.g., Peru, Colombia, Argentina), and Turkey. BBVA Group supports functions globally such as retail banking, corporate and investment banking, asset management, and insurance.
15 South 20th Street
Birmingham
Alabama
USA
Address: 2200 Post Oak Blvd, Houston, TX 77056 (BBVA Plaza - illustrative of major presence)
To cater to the large and diverse Texas market, supporting business growth, personal finance needs, and contributing to BBVA USA's overall footprint in the Sunbelt region.
Address: 2001 N Central Ave, Phoenix, AZ 85004 (Illustrative of operational center)
To provide comprehensive banking services to a growing population and business community in Arizona, supporting economic development and customer financial well-being in the Southwest.
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As of April 2025, Compass Bank' leadership includes:
Compass Bank has been backed by several prominent investors over the years, including:
The most significant executive changes at BBVA USA in its final 12-18 months as an independent entity under BBVA Group were related to its acquisition by PNC Financial Services. This led to the departure of most of the BBVA USA executive team as their roles were consolidated within PNC's structure post-acquisition in June 2021.
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BBVA, the former parent company of Compass Bank/BBVA USA, typically utilizes a standard corporate email format. The most common patterns involve the employee's first name and last name, or an initial combined with the last name.
[first].[last]@bbva.com or [first_initial][last]@bbva.com
Format
john.doe@bbva.com
Example
80%
Success rate
PNC Newsroom (PR Newswire) • June 1, 2021
PNC Financial Services Group, Inc. announced the completion of its acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA. This acquisition makes PNC the fifth-largest U.S. commercial banking organization....more
BBVA Corporate Communication • November 16, 2020
BBVA reached an agreement with The PNC Financial Services Group, Inc. to sell 100 percent of the capital stock of its subsidiary BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, for $11.6 billion in cash....more
BBVA USA Newsroom • April 21, 2020
BBVA USA announced it had secured Small Business Administration (SBA) approval for more than $1.3 billion in Paycheck Protection Program (PPP) loans for small businesses affected by COVID-19 during the first round of funding....more
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