M&A Deal Summary

BBVA Compass Bancshares Acquires Simple Finance Technology

On February 20, 2014, BBVA Compass Bancshares acquired financial services company Simple Finance Technology for 117M USD

Acquisition Highlights
  • This is BBVA Compass Bancshares’ 1st transaction in the Financial Services sector.
  • This is BBVA Compass Bancshares’ largest (disclosed) transaction.
  • This is BBVA Compass Bancshares’ 1st transaction in the United States.
  • This is BBVA Compass Bancshares’ 1st transaction in Oregon.

M&A Deal Summary
Date 2014-02-20
Target Simple Finance Technology
Sector Financial Services
Buyer(s) BBVA Compass Bancshares
Deal Type Add-on Acquisition
Deal Value 117M USD
Advisor(s) MergerTech (Financial)

Target

Simple Finance Technology

Portland, Oregon, United States
website
Simple combines innovative technology, impeccable user experience, and expertise in behavioral economics to help its customers spend smarter and save more. Simple customers receive a Simple Visa® card that's tied to an FDIC-insured account with no surprise fees, and powerful budgeting and savings tools built right into the account. Simple's banking services are accessible via intuitive web, iPhone, and Android apps.

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Buyer(S) 1

Buyer

BBVA Compass Bancshares

Birmingham, Alabama, United States
Category Company
Founded 1997
Sector Financial Services
DESCRIPTION

BBVA Compass Bancshares, Inc. is a provider of financial products and services for customers.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-06 Sevier Insurance Agency

Birmingham, Alberta, Canada

Sevier Insurance Agency is a provider of personal and commercial insurance solutions.

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