M&A Deal Summary

BBVA Compass Bancshares Acquires Sevier Insurance Agency

On October 6, 2004, BBVA Compass Bancshares acquired insurance company Sevier Insurance Agency

Acquisition Highlights
  • This is BBVA Compass Bancshares’ 1st transaction in the Insurance sector.
  • This is BBVA Compass Bancshares’ 1st transaction in Canada.
  • This is BBVA Compass Bancshares’ 1st transaction in Alberta.

M&A Deal Summary
Date 2004-10-06
Target Sevier Insurance Agency
Sector Insurance
Buyer(s) BBVA Compass Bancshares
Deal Type Add-on Acquisition

Target

Sevier Insurance Agency

Birmingham, Alberta, Canada
Sevier Insurance Agency is a provider of personal and commercial insurance solutions.

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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 1 of 2
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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Portland, Oregon, United States

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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