Trade Compass Group
BBVA USA (formerly BBVA Compass) is a bank based in Birmingham, Alabama. It is a subsidiary of the Spanish multinational Banco Bilbao Vizcaya Argentaria since 2007 and operates mainly in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas. as of June 2020, the company is the 39th largest bank in the United States in terms of total assets. BBVA USA holds naming rights to BBVA Stadium, a football venue in Houston, Texas. From 2011 to 2014, BBVA USA was the main sponsor of the Birmingham Bowl (then called BBVA Compass Bowl), a college football game held annually in Birmingham. The company was founded on March 2, 1964 as a central bank and trust company by Harry Brook Jr., Schuyler Baker and Hugh Daniel with $1 million of capital. Other founding directors included Frank L. Hardy, John R. Israel, Wendell H. Taylor and Stuart Welch.Sun, and then joined the Board of Directors, Wally Neal, John Evans, Enos Hurd and Tom Jernigan. in 1969, Central made a hostile takeover attempt by the National State Bank in Decatur, the only bank that can open branches across the county lines. The offer was supported by Hugh Agricola and other shareholders of The First National Bank in Gadsden, which was purchased by State National. It was funded by a $10 million line of credit from the Bank of Virginia, which pioneered his statewide banking company. By July, Central had been able to assemble a voting fund representing about a third of State National's shares before a $70 public offering. Per share. Birmingham National Bank, which was also planning a merger, countered at $80 per share. Central instructs its brokers to buy as many shares as possible that can reach $85 and ended up with enough shares to take control of the National State Council.