HOUSTON, Sept. 12, 2017 /PRNewswire/ -- BBVA
Compass announced Tuesday that it will offer payment-deferral
programs for victims of Hurricane Irma in Florida as well as a robust suite of
discounted loans and lines of credit to help the families and
businesses affected by the powerful storm.
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 67 counties declared in a state of
emergency by Florida Gov.
Rick Scott. For the time being, the
bank also is waiving all ATM fees in Northeast and Central Florida: 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.
This is the second time in as many weeks that BBVA Compass,
whose holding company is headquartered in Houston and which has a significant presence
in the city, has announced it was mobilizing resources in the face
of a natural disaster along the Gulf Coast.
"The extent of the damages from Irma may not come into full view
for several weeks, but we already know we need to mobilize on
behalf of the people of Florida,"
said BBVA Compass CEO Onur Genç. "We
want them to know we're going to be there for the long haul,
whenever and wherever they need us."
Soon after Harvey left a trail of devastation and flooding in
Texas, the bank announced 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,
which it later said it would match, for a total contribution of up
to $750,000. The funds earmarked for
American Red Cross will now be used to assist the victims of
Hurricane Irma as well.
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
- 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