BIRMINGHAM, Ala., Sept. 18 /PRNewswire/ -- BBVA Compass today announced that it will hold a teleconference and webcast to discuss economic results from its recently completed third quarter U.S. Regional Watch at 11:00 a.m. CT on Monday, September 21, 2009. Hosted in conjunction with The University of Colorado at Boulder Leeds School of Business, the presentation will discuss economic data and analysis from the BBVA Compass U.S. Regional Watch, a quarterly publication that offers a detailed look at key issues that impact the U.S. economy and the economies of the Sunbelt Region.
"Recent economic indicators confirm that the worst of the downturn is over," said Nathaniel Karp, BBVA Compass Chief Economist. "We should start seeing positive GDP growth rates beginning in the third quarter. The recovery process will be characterized by a slow expansion rate over a prolonged period of time. Nonetheless, economic growth in the U.S. will remain well above other developed countries, led by the Sunbelt Region."
BBVA Compass' third U.S. Regional Watch teleconference and webcast will take place from the campus of The University of Colorado at Boulder. The presentation will be conducted by Nathaniel Karp, BBVA Compass Chief Economist with supporting commentary from Dr. Richard L. Wobbekind, Associate Dean, Leeds School of Business.
Interested parties may access the call via either the Internet or telephone. Internet access to the call and to the supporting slide presentation will be available through BBVA Compass' web site at http://www.bbvacompass.com/. Click on the link labeled U.S. Regional Watch to access the webcast and slide presentation. For telephone access, dial 877-833-0673 (domestic) or 706-758-5063 (international), conference ID 29331057. Telephone participants are requested to dial in 10 minutes prior to the start of the call to allow time for all participants to log in.
A live question and answer session will follow the presentation. Questions can also be submitted by e-mail to communications@bbvacompass.com.
A replay of the teleconference will be available through BBVA Compass' web site and by telephone at 800-642-1687 for domestic calls and 706-645-9291 for foreign calls (conference ID 29331057) until midnight on October 5, 2009.
ABOUT BBVA COMPASS
BBVA Compass is a Sunbelt-based financial institution that operates 767 branches including 411 in Texas, 92 in Alabama, 84 in California, 77 in Arizona, 45 in Florida, 36 in Colorado and 22 in New Mexico. BBVA Compass is the 15th largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Texas (4th), Alabama (3rd) and Arizona (5th).
BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly-owned subsidiary of BBVA (MAD: BBVA). BBVA is a financial services group with more than $750 billion in total assets, 48 million clients, 8,000 branches and approximately 103,000 employees in more than 30 countries. BBVA ranks among the top seven largest financial institutions in the world based on market capitalization and 20th in Global Finance magazine's list of the "World's 50 Safest Banks" for 2009. 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.
ABOUT THE UNIVERSITY OF COLORADO AT BOULDER LEEDS SCHOOL OF BUSINESS
The Business Research Division (BRD) of the Leeds School of Business at the University of Colorado at Boulder is best recognized for its Colorado Business Economic Outlook, an annual forecast of the state's economy. The research that is conducted for this project provides the BRD with a base of knowledge that adds value to other research projects. More information about the Leeds School of Business can be found at http://www.leeds.colorado.edu/
Editor's Note:
BBVA Compass is the brand of Compass Bank and is a trademark of Compass Bancshares, Inc.
BBVA Compass
CONTACT: Ed Bilek, External Communications of BBVA Compass,
+1-205-297-3331, ed.bilek@bbvacompass.com
Web Site: http://www.bbvacompass.com/
