Intro – BBVA Compass Bank Reviews & Ranking
BBVA Compass Bank was recently ranked and reviewed by AdvisoryHQ as a top rated banking firm. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ's groundbreaking, four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our BBVA Compass Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The BBVA Compass Bank review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of BBVA Compass Bank.
BBVA Compass Bank Review
Headquartered in Birmingham, Alabama, with significant management operations in Houston, Texas, BBVA Compass Bank and its predecessor banks represent a long history of providing financial services both in the U.S. Sun Belt as well as in Latin America and beyond.
BBVA Compass Bank is the U.S. banking subsidiary for Banco Bilbao Vizcaya Argentaria S.A. (BBVA). In addition to its U.S. banking and financial operations, BBVA owns banking, insurance, and real estate businesses globally, including operations in South America, Mexico, Spain, Turkey, and throughout Europe and Asia.
BBVA Compass Bank operates as a U.S. stand-alone operation. In addition to management centers in Alabama and Texas, the company has operational assets spread widely across its seven-state retail branch banking footprint.
In addition to its California locations, BBVA Compass has offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas.
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Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our BBVA Compass Bank reviews, BBVA Compass Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
BBVA Compass Bank Review: Consumer Banking Services
BBVA Compass offers a full gamut of consumer banking services, including lending and deposit products, mortgage, investments, and credit cards. Online banking is modern and user-friendly, allowing consumers to manage multiple accounts and pay bills via the web.
BBVA Compass was also selected as one of the best banking firms because of its development of new products to assist consumers with their financial needs. Here are a couple of examples:
- Free Checking: Nobody like fees, and many people find it hard to stay above those minimum balance requirements. So, free checking accounts are always a good product to see offered at your local bank branch.
Home Ownership Made Easy (HOME): This is a program designed to enrich communities and make homeownership accessible to more people. Borrowers can potentially get a mortgage with up to 100% Loan-to-Value ratio, which means no down payment, and no requirement for Private Mortgage Insurance.
There is also financial education provided to help teach new owners about sustainable home ownership.
BBVA Compass Bank Review: Small Business Lending
BBVA Compass Bank excels in the area of small business lending. According to the US Small Business Administration (SBA), BBVA Compass Bank is one of the top banks for SBA loan volume. In fact, BBVA Compass Bank processed 341 SBA loans that came up to over $54 million in loan value as of December 31, 2016.
BBVA Compass Bank Review: Commercial Banking
For larger businesses, BBVA Compass Bank offers a complete set of domestic and global financial products and services. As well as possessing a global reach, BBVA Compass is able to offer corporate clients the full array of lending, asset management, and cash flow solutions.
BBVA Compass Bank offers several commercial financing options for commercial lending, commercial real estate, and international lending. A business owner looking for commercial lending can obtain the funding they need for plant and facility expansions, equipment purchases, acquisitions, changes in ownership, and working capital.
Wealth Management Solutions
BBVA offers advisory services and investment support to help people build, preserve, and share wealth.
BBVA’s website notes that they “offer a broad array of tailored advice, investment solutions, and brokerage services including wealth planning, private banking, risk management, and trust and fiduciary services” to meet clients' personal wealth management needs.
Their wealth management services include:
- Private Banking
- Financial Planning
- Asset Management
- Estate Planning
- Trust & Fiduciary Services
In addition to reviewing the above BBVA Compass Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms:
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