What is Compass Bancshares, Inc. mean? BBVA USA (formerly BBVA Compass) was a bank headquartered in Birmingham, Alabama. A subsidiary of Spanish multinational financial services company Banco Bilbao Vizcaya Argentaria from 2007 until 2021, it was acquired by Pittsburgh based bank holding company and financial services corporation PNC Financial Services. BBVA USA operated chiefly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.
As of June 2020, the company was the 39th largest bank in the United States by total assets.
In November 2020, it was announced that PNC Financial Services would acquire BBVA USA for $11.6 billion. The acquisition was completed on June 1, 2021, making PNC the largest regional bank in the United States and the fifth largest bank in the United States overall. BBVA USA ceased operations on October 8, 2021, being fully converted to PNC.
BBVA USA held naming rights to BBVA Stadium, a soccer venue in Houston, Texas and BBVA Field, a college and minor league soccer venue on the campus of UAB in Birmingham, Alabama . From 2011 to 2014, BBVA USA was the title sponsor of the Birmingham Bowl (then called the BBVA Compass Bowl), a college football bowl game played annually in Birmingham.
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Posted on 10 Oct 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.