BBVA Gets Even More Global

The Spanish bank's purchase of Compass Bancshares positions it among the top 20 banks in the U.S.

Banco Bilbao Vizcaya Argentaria Chairman Francisco González pledged at the Spanish bank's annual Christmas party in December that 2007 would be "BBVA's year," marked in part by the "culmination of several growth-enhancing projects." Just two months into the new year he's proving true to his word. On Feb. 16, BBVA said it will buy Birmingham, (Ala.)-based Compass Bancshares for $9.6 billion.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.