MCALLEN, Texas, March 10, 2020 /PRNewswire/ -- Commercial
banking veteran Orlando Castañeda has been named BBVA USA McAllen City President, where he will lead
all Commercial operations in the market.
Castañeda comes to the bank for the second time after six years
working in corporate client banking and specialized industries with
a financial institution in Houston. Castañeda is a Rio Grande Valley
native with a background in various sectors within the banking
industry.
"Orlando has already
accomplished so much in his decade of banking experience," said
BBVA USA Texas Border Region CEO
Susana Valencia. "That eagerness for
continued success in his career will help us continue to succeed in
our McAllen and Upper Rio Grande
Valley operations. McAllen is an
economically booming landscape, energized by growing businesses and
services. Orlando brings all the
skills and energy necessary to meet the unique banking needs this
area deserves."
Castañeda began his career at BBVA as an associates program
trainee, quickly becoming a commercial relationship associate,
followed by a position as an associate portfolio manager in the
bank's oil and gas finance division.
"With local infrastructure projects being planned, and an
expanding energy industry in the Rio Grande Valley, Orlando's experience is going to serve our
clients very well," said Valencia. "Also, his skillset is not
limited to this sector. Having worked in an economically diverse
market such as Houston and being
from the Rio Grande Valley is only going to bolster the value he
will bring to our operations."
Castañeda earned his bachelor's degree in finance from the
University of Texas - Rio Grande
Valley, where he also obtained an MBA. He is currently a CFA Level
III candidate.
News of the hire comes just months after former McAllen City
President Jon Rebello was promoted
to become the bank's Austin CEO. Rebello also served as the bank's
Texas Border Region CEO, a role now filled with the promotion of
Valencia, who is also the bank's Laredo City President.
The new structure also comes directly after the rollout of BBVA
USA's new 5-year strategy,
highlighted by its six pillars - including helping clients and
communities transition towards a sustainable future and improving
clients' financial health.
"As we continue to grow as a bank, our new strategy is going to
allow us to reach even greater milestones than what we have already
achieved," said BBVA USA Texas
Region Executive Jeff Dudderar.
"Texas is one of the bank's most
economically solid markets throughout its entire global footprint,
and we have ample opportunities to capitalize on that for the bank
and, more importantly, our clients."
The BBVA McAllen team has had a long history of living by its
new pillars including in April 2019
when BBVA became the first Rio Grande Valley company to take the
Lights Out RGV! pledge, which included a reduction in lighting in
corporate and larger area offices.
The BBVA USA Foundation
gave a $15,000 grant in 2016 to the
Mission Economic Development Corporation to support its new
Center of Education and Economic Development. The facility offers
educational programs for small businesses and entrepreneurs in the
Rio Grande Valley, with classes in science, technology, arts and
math.
For more information on the bank's new 5-year strategic plan,
click here.
For more BBVA news visit, www.bbva.com and the U.S.
Newsroom.
Additional news updates can be found via Twitter and
Instagram.
For more financial information about BBVA in the U.S., visit
bbvausa.investorroom.com.
About BBVA
BBVA Group
BBVA (NYSE: BBVA) is a customer-centric global financial services
group founded in 1857. The Group has a strong leadership position
in the Spanish market, is the largest financial institution in
Mexico, it has leading franchises
in South America and the Sunbelt
Region of the United States. It is
also the leading shareholder in Turkey's Garanti BBVA. Its purpose is to bring
the age of opportunities to everyone, based on our customers' real
needs: provide the best solutions, helping them make the best
financial decisions, through an easy and convenient experience. The
institution rests in solid values: Customer comes first, we think
big and we are one team. Its responsible banking model aspires to
achieve a more inclusive and sustainable society.
BBVA USA
In the U.S., BBVA is a Sunbelt-based financial institution that
operates 641 branches, including 330 in Texas, 89 in Alabama, 63 in Arizona, 61 in California, 44 in Florida, 37 in Colorado and 17 in New Mexico. The bank 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 (6th). In the U.S., BBVA has been
recognized as one of the leading small business lenders by the
Small Business Administration (SBA) and ranked 8th nationally in
terms of dollar volume of SBA loans originated in fiscal year
2018.
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SOURCE BBVA USA