BBVA Compass opens San Francisco loan office, names market president
Jim Hatter was named BBVA Compass' Bay Area market president, based in San Francisco.
BBVA[6] Compass opened a San Francisco loan office and hired Jim Hatter[7] from Bank of the West[8] as Bay Area market president.
The San Francisco office is located in the McKesson Plaza at 1 Post St. in San Francisco's financial district.
BBVA Compass has 62 California offices including seven Bay Area locations in Walnut Creek, Fremont, Concord, Livermore, Burlingame, San Carlos and Redwood City.
"We're pleased to have Jim lead our Bay Area offices," said Ron Smith[9], western regional executive for commercial banking at BBVA Compass. "He has more than a quarter-century of experience in the area and has already built a seasoned local commercial banking team to advise technology, health care, government and other clients."
BBVA also operates an office in San Francisco's Soma.
BBVA has been active on the technology front.
Earlier this year the bank agreed to buy Simple, the digital banking company based in Portland, Ore., for $117 million.
Simple, founded in 2009, has more than 100,000 customers across the country, a fivefold increase since the end of 2012.
"Simple's customer experience is unmatched in the digital banking world," BBVA Chairman and CEO Francisco Gonzalez[10], said in announcing the transaction.
In another technology move, BBVA Compass said this week it will partner with OnDeck, a New York-based online lending platform focused on small businesses. The proliferation of such lenders was the subject of this week's San Francisco Business Times cover story[11].
The deal marked OnDeck's biggest partnership with a major bank and follows a similar partnership between Lending Club[12] and Union Bank[13], both based in San Francisco.
Mark Calvey covers banking and finance for the San Francisco Business Times.
References
- ^ Mark Calvey (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ LinkedIn (www.linkedin.com)
- ^ Google+ (plus.google.com)
- ^ BBVA (www.bizjournals.com)
- ^ Jim Hatter (feeds.bizjournals.com)
- ^ Bank of the West (www.bizjournals.com)
- ^ Ron Smith (feeds.bizjournals.com)
- ^ Francisco Gonzalez (feeds.bizjournals.com)
- ^ San Francisco Business Times cover story (www.bizjournals.com)
- ^ Lending Club (www.bizjournals.com)
- ^ Union Bank (www.bizjournals.com)