BIRMINGHAM, Ala., Sept. 8 /PRNewswire/ -- BBVA Compass announced
today that Charles "Mark" Tuggle, senior vice president and
director of Collections, has been named to serve as chair of the
Consumer Bankers Association's (CBA) Collections Committee. As
Chair of the Collections Committee, Tuggle will lead the committee
in maintaining its focus on the unique needs of today's collections
efforts as it discusses best practices for minimizing losses and
keeping customers in their homes as loan delinquencies and defaults
increase.
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"BBVA Compass is a long-standing and valued member of the CBA
family and I am very pleased Mark
Tuggle will be leading the Collections Committee. Given
current economic conditions, banks must have a dual focus on
generating loans and preventing loan losses, which makes
collections an even more critical function in retail banking
operations. CBA's Collections Committee provides the only forum for
collections officers to discuss issues and compare best practices,"
said CBA President Richard Hunt.
Founded in 1919, CBA is the recognized voice on retail banking
issues in the nation's capital and provides leadership, education,
research and federal representation on retail banking issues such
as privacy, fair lending and consumer protection
legislation/regulation. Member institutions are the leaders in
consumer financial services, including auto finance, home equity
lending, card products, education loans, small business services,
community development, investments, deposits and delivery.
Shelaghmichael Brown, BBVA Compass
senior executive vice president and head of Retail Banking, also
serves on CBA's 20-member Board of Directors.
As director of Collections at BBVA Compass, Tuggle is
responsible for the strategic direction and oversight of Retail
collection and is also accountable for the mitigation of consumer
loan delinquency and loss across all Retail products in the bank.
Tuggle also has responsibility for delivery in all stages of
collection through the call center and support staff located in
Decatur and Birmingham, Alabama. In his 10 year career
with BBVA Compass, Tuggle has held increasingly responsible
positions in the bank.
An Alabama native, Tuggle
received his undergraduate degree from Birmingham-Southern College, MBA from Samford University and also graduated from The CBA
Graduate School of Retail Bank Management. Tuggle is an active
member of the local community and serves as president of the Oak
Mountain High School Band Boosters.
ABOUT BBVA COMPASS
BBVA Compass is a Sunbelt-based financial institution that
operates 723 branches including 387 in Texas, 92 in Alabama, 65 in California, 77 in Arizona, 45 in Florida, 36 in Colorado and 21 in New Mexico. BBVA Compass is the 15th largest
U.S. commercial bank based on deposit market share and ranks among
the largest banks in Texas (4th),
Alabama (3rd) and Arizona (5th). For the second consecutive
year, BBVA Compass was named as a "Lender of the Year" by the Small
Business Administration (SBA). Additional information concerning
BBVA Compass can be found on our website www.bbvacompass.com.
BBVA Compass is a subsidiary of Compass Bancshares, Inc., a
wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a
financial services group with approximately $755 billion in total assets, 48 million clients,
7,400 branches and approximately 104,000 employees in more than 30
countries. BBVA ranks among the top 20 largest financial
institutions in the world based on market capitalization and 21st
in Global Finance magazine's list of the "World's 50 Safest
Banks" for 2010. BBVA provides its customers around the world with
a full range of financial services, including commercial and
wholesale banking, retail banking services, consumer loans,
mortgages, credit cards, securities brokerage, wealth management,
pension plan management and insurance. The BBVA Group maintains a
leadership position in Spain,
Mexico, Latin America and the Sunbelt Region of
the United States as well as
operations in China, France, Germany, Hong
Kong, Italy, Japan, Singapore, Switzerland, and the United Kingdom.
Editor's Note: BBVA Compass is a trade name of Compass Bank.
Compass Bank, member FDIC.
SOURCE BBVA Compass
Copyright t. 8 PR Newswire