John Krusoe Tapped to Head BBVA Compass Commercial Banking Activities in Denver

BIRMINGHAM, Ala., March 19 /PRNewswire-FirstCall/ -- BBVA Compass announced that John Krusoe has been appointed Denver City President for the bank's Commercial Banking unit. The position of Denver City President was recently held by Rafael Bustillo, who was appointed Head of Commercial Banking.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100319/DA73509)

As Denver City President, Krusoe will lead BBVA Compass' Commercial Banking activities, including Middle Market Commercial and Specialty Lending businesses. Krusoe's previous banking experience, which includes Large Corporate Finance, Debt & Equity Placements and Mergers and Acquisitions, will provide considerable expertise and leadership in his role as Denver City President.

"John has quite literally grown up in Commercial Banking," said Ron Smith, Western Region Executive. "His wealth of knowledge and experience across a broad range of business lines is extremely deep, which will serve the Denver market well. I look forward to John continuing the work that Rafael initiated and giving BBVA Compass an even larger share of the market in Colorado."

Originally from Michigan, Krusoe graduated from Baldwin-Wallace College in Berea, Ohio. Upon graduation, Krusoe held increasingly responsible positions in Corporate and Commercial banking, particularly at RBC Bank U.S. headquarters in Charlotte, North Carolina. There he rose from SVP and Regional Manager for Commercial Markets (2000 – 2003) to EVP and Managing Director (2003 – 2006) and finally, President of Commercial and Corporate Banking Strategy (2006 – 2008). Krusoe arrived at BBVA Compass in July of 2008, where he was appointed the Denver area SVP and Manager for Large Corporate Banking, a position he held until assuming the post of Denver City President.

Krusoe and wife Paige are the parents of three children, Abigail, Mitchell and Isabella.

ABOUT BBVA COMPASS

BBVA Compass is a Sunbelt-based financial institution that operates 724 branches including 387 in Texas, 92 in Alabama, 65 in California, 77 in Arizona, 45 in Florida, 36 in Colorado and 22 in New Mexico. BBVA Compass is the 15th largest U.S. commercial bank based on deposit market share and ranks among the largest banks in Texas (4th), Alabama (3rd) and Arizona (5th). Additional information concerning BBVA Compass can be found on our website www.bbvacompass.com.

BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial services group with more than $785 billion in total assets, 48 million clients, 7,600 branches and approximately 104,000 employees in more than 30 countries. BBVA ranks among the top 20 largest financial institutions in the world based on market capitalization and 20th in Global Finance magazine's list of the "World's 50 Safest Banks" for 2009. 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, and the United Kingdom.

Editor's Note:

BBVA Compass is a trade name of Compass Bank.

SOURCE BBVA Compass

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