BIRMINGHAM, Ala., Oct. 15, 2014 /PRNewswire/ -- BBVA Compass announced today that its year-over-year deposit growth of nearly double the national average moved the bank up a notch to No. 21 on the list of the largest commercial banks in the country, according to data from the Federal Deposit Insurance Corp.

BBVA Compass grew its year-over-year deposits by 11.3 percent versus the national average of 6.3 percent.

The data revealed that BBVA Compass' deposit market share increased in several of its key metropolitan statistical areas including Birmingham and Montgomery in Alabama; Phoenix and Tucson in Arizona; Jacksonville, Fla.; and in Austin, McAllen, San Antonio and the Dallas/Fort Worth metroplex in Texas. Its market share also increased statewide in Alabama, Arizona, Colorado and Florida.

"We're pleased to see these results from the FDIC," said BBVA Compass Chairman and CEO Manolo Sanchez. "In the past year, we unveiled a host of new and upgraded products, including new digital checking accounts for retail customers, while more broadly building our brand and our business. Those efforts are paying off."

BBVA Compass ranks as the fourth-largest bank in Texas, the second-largest in Alabama, and the fifth-largest in Arizona.

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About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.

About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 673 branches, including 342 in Texas, 89 in Alabama, 77 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration and recently earned the top ranking with customers in American Banker's 2014 annual reputation survey of the top 25 largest U.S. retail banks. Additional information about BBVA Compass can be found at www.bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com. 

Editor's Note:
BBVA Compass is a trade name of Compass Bank, Member FDIC.

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SOURCE BBVA Compass