BBVA Compass improves CRA rating

In its first full year of implementation, BBVA Compass announced its $11 billion commitment to community development has put 5,427 families into new homes and 24,019 small businesses on firmer capital footing during 2015.

BBVA Compass announced its intent to strengthen the communities it serves in late 2014, pledging over five years to originate $2.1 billion in mortgage loans to low and moderate-income homebuyers and in LMI neighborhoods, $6.2 billion for small business lending, $1.8 billion for community development lending, and to make $900 million in community development investments. In 2015, it dedicated more than $2.5 billion in those efforts, with $819 million in mortgage loans to LMI households and areas, $1.1 billion in small business loans, $457 million in community development lending, and $205 million in community development investments.