Add-on Acquisition • Financial Services

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 Context

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.

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M&A Deal Summary
Date	February 20, 2014
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 Company

Simple Finance Technology

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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