BBVA Compass opens Miami office to bolster its Sunbelt presence and tap global synergies

MIAMI, Sept. 14, 2012 /PRNewswire/ -- More than 150 of Miami's political, economic and social leaders attended the grand opening reception on Thursday for BBVA Compass' new Miami office.

A wholly owned subsidiary of BBVA, BBVA Compass will offer both domestic and international financial services at the 1450 Brickell Ave. location. The bank's Commercial, Domestic Wealth Management and International Wealth Management representatives will provide a range of financial products.

"South Florida plays to the strengths of BBVA Compass and BBVA," said Manolo Sanchez, BBVA Compass president and chief executive officer and U.S. country manager for BBVA. "This office bolsters the BBVA Compass Sunbelt footprint and allows us to introduce our world-class financial products and solutions to the Miami market."

Angel Cano, BBVA's president and chief operating officer, joined BBVA Compass leaders at the reception.

"Opening an office in Miami, among the most international of U.S. cities, is a great choice for BBVA Compass," said Cano. "The South Florida location taps BBVA's global synergies, including its leading position in Mexico and sizeable presence in Latin America."

The team of executives serving the South Florida market includes: Roberto R. Munoz, BBVA Compass South Florida market president, who leads Commercial Banking operations; Jose Ramon Rodriguez, regional market executive, who heads up the International Wealth Management team; and Richard Ganter, market executive, who will direct the bank's Domestic Wealth Management business.

About BBVA Group

BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico, and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. BBVA ranks among the leading eurozone banks in terms of return on equity and efficiency. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.

About BBVA Compass

BBVA Compass is a Sunbelt-based financial institution that operates more than 709 branches, including 368 in Texas, 93 in Alabama, 79 in Arizona, 65 in California, 45 in Florida, 38 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 20 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading Small Business Administration lenders and ranked third in American Banker's 2012 reputation study of the leading 30 banks in the U.S. Additional information about BBVA Compass can be found at www.bbvacompass.com.

Editor's Note: BBVA Compass is a trade name of Compass Bank. Compass Bank, member FDIC.

SOURCE BBVA Compass

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