BBVA Compass plans to open new loan-production offices this year in cities beyond its existing Sun Belt state footprint. These offices ― not to be confused with the bank’s retail branches ― manage relationships with local automobile dealers.
The bank has received approval to open loan-production offices in Los Angeles; San Francisco; Seattle; Nashville, Tenn.; and Charlotte and Raleigh, N.C. Last year, BBVA Compass opened similar offices in New York; Washington, D.C.; and Tampa, Fla.