Compass Bancshares Announces Addition of Charles E. McMahen to Board of Directors as Vice Chairman.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 17, 2001 Compass Bancshares Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. Its subsidiary, Compass Bank, is a Southwestern financial holding company with $47 billion in assets and 417 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. , Inc. (Nasdaq: CBSS CBSS Council of Baltic Sea States CBSS Craft and Boat Support System CBSS Coastal Border Surveillance System (MSSC) CBSS Closed-Breach Scavenging System (compressed air system for removing smoke from tank gun tubes) ) today announced that prominent Texas banker Charles E. McMahen has been named to the board of directors and elected to serve as vice chairman of Compass Bancshares, Inc. McMahen, who spearheaded Compass' successful expansion throughout the Sunbelt over the past 12 years, serves as vice chairman of Compass Bank and head of corporate development and corporate banking. He also previously served as chief executive officer of Compass Banks of Texas before its merger into Compass Bank. A veteran Texas banker with more than 30 years of senior management experience, McMahen joined Compass in 1990 from Bank One, Texas, where he was group chairman of community and retail banking. Prior to that, he was group chairman of personal banking, operations and administration for MCorp. He also served as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Southwest Bancshares. "Charles has played a vital role in transforming Compass into a Sunbelt-based franchise with two-thirds of its' deposits and banking offices now in Texas, Arizona, Colorado, Florida and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). ," said D. Paul Jones Paul Jones can refer to:
"Under Charles' leadership, Compass also has grown into the largest regional bank serving customers in Texas today. His appointment to the board as vice chairman recognizes both the importance of these markets to our company's future and Charles' contribution to our success," Jones said. A graduate of the University of Houston, McMahen is the recipient of their distinguished alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. award and served as a member and chairman of the board of regents An independent governing body that oversees a state's public Colleges and Universities. All 50 states have governing bodies that oversee the administration of public education. , having been appointed by then-Governor Bush. Well-known for his leadership in civic affairs, McMahen is a member of the boards of the Greater Houston Partnership, Center for Houston's Future and the Houston Symphony. He currently serves as chair of the Governor's Business Council and is a member of the Financial Services Roundtable. Compass Bancshares, Inc. is a Sunbelt-based financial holding company with more than $22 billion in assets and 340 full-service banking offices in Alabama, Arizona, Colorado, Florida, Nebraska, New Mexico and Texas. Compass 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 on equity. Shares of Compass' common stock are traded through the Nasdaq stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol CBSS. |
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