verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2014 learn how and when to remove this template message bbva compass bancshares inc. type subsidiary industry finance founded 1964 headquarters daniel building birmingham alabama usa products financial services revenue us 3.4 billion 2010 number of employees 11 647 parent bbva website https www.bbvacompass.com bbva compass branch austin texas bbva compass bancshares inc. formerly compass bancshares is a united states based financial holding company headquartered in birmingham alabama . it has been a subsidiary of the spanish multinational banco bilbao vizcaya argentaria since 2007 and operates chiefly in alabama arizona california colorado florida new mexico and texas . contents 1 market presence 2 history 3 references 4 external links market presence edit bbva compass is one of the u.s. s 25 largest banks with 688 branch locations and was previously a member of the s & p 500 index and the dow jones select dividend index . ranked by its us 65 billion total assets bbva compass bancshares is the 34th largest bank in the united states . 1 bbva compass bancshares inc is the corporate parent headquartered in houston texas of compass bank a commercial banking subsidiary doing business as bbva compass and headquartered in the daniel building in downtown birmingham alabama . 2 history edit on february 16 2007 compass bancshares announced that it would be acquired by banco bilbao vizcaya argentaria bbva then second largest bank in spain . the deal was completed on september 7 2007 when compass bancshares became a wholly owned subsidiary of bbva and was renamed bbva compass . the transaction gave bbva a substantial stakehold in the us banking sector and placed it among the largest financial institutions in the sun belt region . bbva plans to integrate banks previously acquired in the us with the current compass technology and management platforms . citation needed on august 21 2009 in a federal deposit insurance corporation supervised transaction bbva compass acquired the deposits and other core assets of the failed guaranty bank of austin texas . the deal gave bbva compass a first time presence in california and expanded an existing presence in texas . 3 bbva further expanded its regional presence with bbva compass plaza a 312 000 square foot office building in houston which was officially opened on 13 june 2013 . 4 bbva compass was one of over 30 banks accused of improperly manipulating customers checking account transactions to generate excess overdraft fees by posting them in highest to lowest dollar amount instead of in chronological order . in july 2012 bbva compass agreed to pay 11.5 million to settle the lawsuit according to a court filing . 5 in 2014 bbva compass disclosed in a quarterly filing with the securities and exchange commission that the results of its periodic examination for compliance with the community reinvestment act cra would probably restrict its ability to engage in additional mergers and acquisitions until after its next scheduled examination . 6 7 since that disclosure bbva compass has announced several actions to address the issues of community reinvestment including committing 11 billion to community development lending and retaining additional staff at the regional and national level to manage community development investment . 8 9 10 bbva compass is the official sponsor of the nba and holds naming rights to bbva compass stadium a soccer venue in houston . bbva compass was the title sponsor of the bbva compass bowl now the birmingham bowl a college football bowl game played annually in birmingham . references edit holding companies with assets greater than 10 billion . national information system . federal financial institutions examination council . 2014 09 30 . retrieved 2014 12 29 . the parent is a bank holding company that conducts its business operations primarily through its commercial banking subsidiary compass bank which is an alabama banking corporation headquartered in birmingham alabama . the bank operates under the brand bbva compass which is a trademark of the company . the parent was organized in 2007 as a texas corporation . 2014 form 10 k bbva compass bancshares inc. pdf . united states securities and exchange commission . 2015 03 11 . retrieved 2015 12 02 . bbva compass buys failed guaranty bank . san francisco business times . august 21 2009 . retrieved 2009 08 26 . business and political leaders gather for public unveiling of bbva compass plaza . the sacramento bee . june 13 2013 . susannah nesmith july 3 2012 . bbva compass settles overdraft suit for 11.5 million . bloomberg . retrieved 2016 04 06 . form 10 q bbva compass bancshares inc. html . u. s. securities and exchange commission . 2014 11 13 . retrieved 2014 12 29 . cole antrenise august 14 2014 . bbva compass could face restrictions on new branches certain mergers and acquisitions . birmingham business journal . birmingham alabama . retrieved 2014 12 29 . bbva compass announces the hiring of community relations officers to coordinate bank s efforts press release . bbva compass bank . september 3 2014 . retrieved 2014 12 29 . bbva compass names new executive to oversee its community reinvestment act program press release . bbva compass bank . september 29 2014 . retrieved 2014 12 29 . bbva compass pledges 11 billion to community development program press release . bbva compass bank . november 6 2014 . retrieved 2014 12 29 . external links edit alabama portal companies portal bbva compass official site v t e 50 largest banks and bank holding companies in the united states ally american express bancwest bank of america bank of new york mellon bb & t bbva compass bmo harris capital one charles schwab cit citigroup citizens comerica deutsche discover e trade fifth third first niagara ge capital goldman sachs hsbc bank usa huntington john deere jpmorgan chase key m & t morgan stanley mufg union mutual of omaha nationwide new york community northern trust people s united pnc popular rbc usa regions santander state farm state street suntrust svb synchrony td tiaa u.s. usaa wells fargo zions indicates the u.s. subsidiary of a non u.s. bank . inclusion on this list is based on u.s. assets only and is current as of december 31 2015 . this united states bank related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title bbva compass & oldid 737874622 categories companies based in birmingham alabamabanks based in alabamaeconomy of the southeastern united stateseconomy of the southwestern united statesbanks established in 1964banco bilbao vizcaya argentariaunited states bank stubshidden categories articles needing additional references from september 2014all articles needing additional referencespages using infobox company with unsupported parametersall 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