This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BBVA Compass Opening Loan Production Offices From Coast To Coast Across The U.S.

Stocks in this article: BBVA

HOUSTON, March 11, 2014 /PRNewswire/ -- BBVA Compass plans to open its doors in new markets from coast to coast this year to introduce more commercial banking clients to the bank's loan products and services.

BBVA Compass has received approval to open loan production offices in Los Angeles, San Francisco, Seattle, Nashville, Tenn., and the North Carolina cities of Charlotte and Raleigh. Several of the offices are already open. Last year, BBVA Compass added to nearly a dozen established loan production operations by opening offices in New York, Washington, D.C., and Tampa, Fla.

"Our new loan production offices are allowing us to build our bank beyond our Sunbelt footprint," said Rafael Bustillo, head of Commercial Banking for BBVA Compass. "We have strategically selected cities where we see growth potential for BBVA Compass."

The new loan production offices — not to be confused with retail branches — will tailor offerings to each market and provide an array of commercial banking products and services. These include commercial real estate lending, working capital, equipment finance and international trade services.

Client relationships will be handled locally by bankers knowledgeable about the needs of area businesses, including automobile dealers, food franchises, governments, international trade firms and health care providers, among others. Several of the offices will also provide certain domestic and international wealth management products and services such as financial planning and investment solutions.

BBVA Compass is a wholly owned subsidiary of BBVA and these new loan production offices will tap into the global synergies of the financial services group, which operates in 30 countries.

"Our new offices will be led by local bankers who know the market well and can offer BBVA Compass' full array of commercial banking loan products and services," Bustillo said. "Our relationship with BBVA also means bankers can deliver international expertise as well. We're eager to help our clients in these markets grow both domestically and internationally."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,946.30 +141.50 0.79%
S&P 500 2,077.40 +6.75 0.33%
NASDAQ 4,779.7030 +14.3230 0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs