Mega-mergers will spawn new signs to match times
All’s quiet on the community bank front when it comes to merger activity.
Northern Colorado’s cache of community banks continues to grow, but merger activity of late has been with the “big guys.”
Most recently, Compass Bank’s parent company, Compass Bancshares Inc., announced it entered into an agreement to be purchased by Spain-based Banco Bilbao Vizcaya Argentaria. The deal, valued at $9.6 billion, will result in a bank with $47 billion in total assets. Banco Bilbao currently operates Texas State Bank and Laredo National Bank in Texas, BBVA Bancomer USA in California and Banco Bilbao Vizcaya Argentaria in Puerto Rico.
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