Compass Bancshares Inc.

Private Subsidiary, Headquarters Location
15 S 20th St., Birmingham, AL 35233-2000, United States
(800)266-7277, (205)297-3000, http://www.compassweb.com

Primary SIC: National Commercial Banks, Primary NAICS: Commercial Banking
Description: Finance: Bank holding company for state and nationally chartered commercial banks.Compass Bancshares is a holding company for Compass Bank & Arizona Bank, primarily doing commercial banking and trust business with more than 200 branches. They are represented with 120 branch offices in Texas, 88 locations in Alabama, 42 branches in Florida, and 29 banking locations in Arizona. The company offers checking, savings, and time deposit accounts, trusts, commercial real estate and construction loans, employee benefit plans, and insurance products to both individuals and businesses. Business loans account for more than 30% of the banks' loan business and residential mortgages make up 20%. They currently have around 5,900 employees and assets at around $1.3 billion. Compass Brokerage and Compass Financial Corporation, subsidiaries of Compass, offer brokerage services and lease financing. They are presently expanding into Colorado, buying MegaBank Financial Corp. Competition for Compass comes from many banking and financial institutions including AmSouth, Regions Financial, and SouthTrust.