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Revision as of 14:33, 16 February 2007
Compass Bank is a publicly held company based in Birmingham. It was founded by Harry Brock, Sr in 1970 as Central Bank of the South. The name was changed to Compass as the company expanded into Texas in the early 1990s. Its headquarters are in the Daniel Building at 15 20th Street South.
Compass Bank is a subsidiary of Compass Bancshares, Inc., a financial holding company with $30.1 billion in assets and 385 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. It is one of the nation's 30 largest banks, and is a member of the S&P 500 Index and the Dow Jones Select Dividend Index.
On February 16, 2007, Compass announced that it would be acquired for $9.6 billion ($71.82 per share) by the Banco Bilbao Vizcaya Argentaria (BBVA), the second-largest bank in Spain.
External links
- Compass Bank website
References
- "Spanish bank to buy Compass in blockbuster deal." (February 15, 2007) Birmingham News.
- Compass Bancshares. (2006, July 23). In Wikipedia, The Free Encyclopedia. Retrieved 16:53, October 25, 2006 [1]
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