BBVA Compass Creates Wealth Advisory Slot In South Texas

BBVA Compass of Birmingham, Ala., has hired former Merrill Lynch broker James Notzon as a senior wealth adviser in Laredo, Texas, a new position.

BBVA Compass created the slot with Notzon in mind, "based upon his experience and understanding of the diverse financial needs of South Texas' Wealth Management clients," according to a press release.

Notzon, a native of Laredo, 46, has been in banking and wealth management for 24 years. He was with Laredo National Bank from 1986 until 1992, and with Merrill from 1992 until last month.

Laredo National Bank is now part of BBVA Compass; Merrill is part of Bank of America Corp. (BAC).

Bill Helms, head of BBVA Compass's Wealth Management division, describes Notzon as "a true Laredoan" whose "passion for Laredo, South Texas and Mexico is inseparable from his work."

Notzon is one of several recent personnel changes for BBVA Compass Wealth Management over the past year in Laredo, a city directly across the Rio Grande from Mexico. The bank made Roxanna Ramos a regional manager, promoted Lizzy Trevino and Lalo Uribe to positions as private bankers and brought in veteran private banker Mary Garza from Guaranty Bank, a business it acquired last summer.

BBVA Compass is a subsidiary of Compass Bancshares Inc. (CBSS), which is in turn a subsidiary of Bilboa, Spain-based Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC). BBVA Compass has 724 branches in the U.S. South and Southwest and in California.

-By Thomas Coyle, Dow Jones Newswires; 207-631-4235; thomas.coyle@dowjones.com

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