BBVA Compass Selects Tempe for New Mortgage Operations Center

BIRMINGHAM, Ala., Nov. 30, 2011 BBVA Compass announced that it is opening its fourth mortgage operations center in Tempe, Ariz., with plans to employ up to 100 mortgage professionals. The new center will support the growth of the Sunbelt-based bank's mortgage business, and allow it to better service its customers residing in the Pacific time zone.

"Tempe is a natural fit for our new mortgage operations center," said Jon Mulkin, BBVA Compass consumer segment director. "We currently have space in the city with existing infrastructure that we will be able to leverage. In addition, Tempe has a large labor pool of mortgage professionals which is useful for recruiting."

BBVA Compass currently has three mortgage operations centers in strategic locations throughout its Sunbelt footprint, including Birmingham, Ala., McAllen and Laredo, both in Texas. When the four centers are fully operational, BBVA Compass will have approximately 400 mortgage professionals specifically focused on supporting the bank's mortgage process. 

For more information on BBVA Compass mortgage loans, please visit www.bbvacompass.com or call 1-888-8 LENDING. Individuals interested in Tempe-based job opportunities may visit www.bbvacompass.com/careers. 

ABOUT BBVA COMPASS

BBVA Compass is a Sunbelt-based financial institution that operates more than 712 branches including 374 in Texas, 93 in Alabama, 78 in Arizona, 65 in California, 45 in Florida, 36 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 (3rd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the nation's leading Small Business Administration (SBA) lenders, earning 'Lender of the Year' honors in 2009 and 2010. Additional information concerning BBVA Compass can be found on our website www.bbvacompass.com.

BBVA Compass is a subsidiary of BBVA Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial services group with approximately $800 billion in total assets, 48 million clients, 7,400 branches and approximately 110,000 employees in more than 30 countries. BBVA ranks among the top 20 largest financial institutions in the world based on market capitalization and 17th in Global Finance magazine's list of the "World's 50 Safest Banks" for 2011. BBVA provides its customers around the world with a full range of financial services, including commercial and wholesale banking, retail banking services, consumer loans, mortgages, credit cards, securities brokerage, wealth management, pension plan management and insurance. The BBVA Group maintains a leadership position in Spain, Mexico, Latin America and the Sunbelt Region of the United States, as well as operations in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, Turkey, and the United Kingdom. More information about the BBVA Group can be found at www.bbva.com.

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

SOURCE BBVA Compass

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