Compass Bancshares, Inc. · Birmingham, AL United States
Company Description
View Compass Bancshares, Inc. Locations On A US Map
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This link will open in a new window The needle of this Compass points south. Compass Bancshares is the holding company for Compass Bank, which does business as BBVA Compass. The bank operates more than 765 branches in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas; it offers standard corporate and retail banking services such as deposit accounts, credit cards, business and personal loans, and mortgages. BBVA Compass also offers wealth management services such as securities brokerage, mutual funds, insurance, annuities, pension fund management, and investment advisory services. Compass Bancshares is a subsidiary of Banco Bilbao Vizcaya Argentaria (BBVA). To read the full description, subscribe now.
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Key Compass Bancshares, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 10,851 |
Compass Bancshares, Inc. Executives
65 executives listed for Compass Bancshares, Inc.'s Birmingham, AL location.
| Title | Name & Bio | Contact |
| Chairman | José García Meyer-Dohner | Network |
| President and CEO | Manolo Sanchez | Network |
| CFO | Isabel Goiri | Network |
Competition
Competitive Landscape for Compass Bancshares, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Compass Bancshares, Inc. Competitors
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