HOUSTON, Aug. 29, 2017 /PRNewswire/ -- BBVA Compass
announced Tuesday that it will offer payment-deferral programs for
flood victims in Texas as well as
a robust suite of discounted loans and lines of credit to help the
families and businesses affected by Hurricane Harvey rebuild their
lives.
BBVA Compass is making the limited-time offers — among them
special loan and payment deferral programs, waived late fees and
penalty-free CD withdrawals — available to consumer and small
business clients in the 58 counties declared as a state of disaster
by Texas Gov. Greg Abbott. For the time being, it also is
waiving all ATM fees in those areas: Its own customers will pay no
fees to BBVA Compass if they use non-BBVA Compass ATMs, and
non-customers will be able to use BBVA Compass ATMs at no charge
from BBVA Compass.
"We will be here for the people of Houston and throughout this state, which has a
spirit that cannot be bowed even in times of great suffering like
this," said BBVA Compass CEO Onur
Genç. "We're all witnessing that spirit now, and our efforts
today and the donations we announced yesterday are but one part of
what we'll do to honor it."
BBVA Compass, whose holding company is headquartered in
Houston and which has a
significant presence in the city, announced Monday that its
foundation will donate $250,000 to
the American Red Cross and the Hurricane Harvey Relief Fund to aid
disaster recovery efforts in Texas. The bank said it also planned to raise,
online and at its branches, up to $250,000 in employee and customer contributions
to the two organizations for a total contribution of up to
$500,000.
Officials are still tallying the damages from the historic
flooding from Hurricane Harvey, but early estimates put it well
into the billions of dollars. The American Red Cross has designated
it a Level 7 disaster, the highest, and its latest cost assessment
to provide disaster relief and recovery operations is more than $20 million and growing in the region.
The special offers
Details on the numerous special programs are available at the
bank's branches or by calling (800) 266-7277. The offers
include:
- Deferred payments on existing consumer and small business loans
and credit cards
- Waived late fees
- Waived ATM fees for customers and non-customers in affected
areas
- Discounted rates on home equity loans and lines of credit
- Discounted rates on construction and renovation loans
- Discounted rates on auto loans
- Penalty-free CD withdrawals, for withdrawals made after the
first seven days of account origination
- Special rates and terms on consumer and small business
loans
Applications for the limited-time offers may be submitted
through Dec. 31, 2017, unless
otherwise stated. All loans and lines of credit are subject to
approval, including credit approval.
To learn more about BBVA Compass, visit: www.bbvacompass.com or
follow @BBVACompassNews on Twitter.
For more news visit: www.bbva.com and
newsroom.bbvacompass.com
About BBVA Group
BBVA (NYSE: BBVA) is a
customer-centric global financial services group founded in 1857.
The Group is the largest financial institution in Spain and Mexico and it has leading franchises in
South America and the Sunbelt
Region of the United States; and
it is also the leading shareholder in Garanti, Turkey's biggest bank for market
capitalization. Its diversified business is focused on high-growth
markets and it 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. More information about BBVA Group can be found at
bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based
financial institution that operates 651 branches, including 337 in
Texas, 89 in Alabama, 63 in Arizona, 61 in California, 45 in Florida, 38 in Colorado and 18 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 (SBA) and ranked 5th nationally in
the total number of SBA loans originated in fiscal year 2016.
Additional information about BBVA Compass can be found at
www.bbvacompass.com. For more BBVA Compass news, follow
@BBVACompassNews on Twitter or visit
newsroom.bbvacompass.com.
Compass Bank, member FDIC, and an Equal Housing Lender
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SOURCE BBVA Compass