BBVA Names Verdugo & Moure to Key U.S. Business Development Roles

BBVA has appointed Jesús Verdugo and Manuel Moure to its Business Development team in the U.S. Verdugo will serve as head of Strategy and Portfolio Management, while Moure is the head of Retail Customer Solutions Development.

Mining Company Orvana Closes $6.84MM Facility with BBVA, Others

Orvana Minerals closed a €6 million (approximately $6.84 million) credit facility through its wholly-owned subsidiary, OroValle Minerals. The facility was provided by BBVA, BANKIA and SABADELL.

BBVA Compass Names Rodriguez Soler CEO, U.S. Country Manager

BBVA Group named Javier Rodriguez Soler CEO for BBVA Compass and country manager for U.S. operations. Rodriguez Soler will take over the country manager role from Onur Genç, who was previously appointed BBVA Group CEO.

BBVA Closes First Acquisition Term Loan Arranged Through Blockchain

BBVA closed a €150 million ($171 million) acquisition term loan on behalf of Porsche Holding Salzburg, the first loan of its kind arranged through blockchain technology.

BBVA Compass Taps Knudson as New Austin CEO

BBVA Compass appointed banking industry veteran Dillan Knudson as its new Austin, TX, CEO. He will succeed Joe Petet, who is retiring at the end of the year.

Genç to Succeed Vila as BBVA CEO

The BBVA Board of Directors approved the succession plan for the company’s chief executive officer, designating current CEO of BBVA Compass and U.S. Country Manager, Onur Genç, as successor to Carlos Torres Vila as Group CEO.

BBVA, MUFG, BNP Complete First Successful Syndicated Loan on Blockchain

The Financial Times reports that BBVA and two partners completed the first successful syndicated loan using blockchain technology.

Dallas Court Upholds $96.2MM Judgment Following BBVA Fraud Verdict

A Dallas judge entered a $96.2 million judgment against BBVA Compass Bank in a ruling that upholds the verdict against the bank for fraud during loan renewal and modification negotiations with a developer.

BBVA Provides $375MM Revolver to Repsol Using Blockchain

Repsol and BBVA completed the first transaction involving a revolving credit facility using distributed ledger technology as part of a pioneering pilot project in corporate finance for the industrial sector.

BBVA Compass Hires Four for Atlanta Office

BBVA Compass named Zennie Lynch, Jr. city president of its corporate banking office in Atlanta. The bank also brought on board new relationship managers Adam Kessler, Ben Gibson and Benjamin James.