Compass Bank Mortgage
Compass Bank is a financial services company with its
principal place of business in Birmingham, Alabama. The Parent Company was
organized in 1970 as "Central Bancshares of the South, Inc." and commenced
business in late 1971 upon the acquisition of Central Bank & Trust Co. and State
National Bank.
The Company subsequently acquired substantially all of the outstanding stock of
additional banks located in Alabama, 11 of which were merged in late 1981 to
create Central Bank of the South, Alabama's first statewide bank. In November
1993, the Parent Company changed its name from "Central Bancshares of the South,
Inc." to "Compass Bancshares, Inc.", and Central Bank of the South, the
Company's lead bank subsidiary, changed its name to "Compass Bank."
Compass Bank manages over $27 billion in assets through its 350 branches.
Compass offers fixed rate mortgages, adjustable rate mortgages, fixed rate jumbo
loans, and land loans.
Compass Bancshares, the parent company of Compass Bank, is among the top 40 U.S.
bank holding companies by asset size and ranks among the top earners of its size
based on return of equity. The companies shares have increased for the past 16
shares while dividends have increased for 22 consecutive years.
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