Laredo National Bank
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1892 |
| Headquarters | Laredo, Texas , United States |
Area served | Texas, United States |
| Products | Banking services |
| Owner | Banco Bilbao Vizcaya Argentaria (BBVA) |
| Parent | Banco Bilbao Vizcaya Argentaria (BBVA) |
The Laredo National Bank (LNB), established in 1892 and based in Laredo, Texas, was a prominent financial institution in Texas. It was acquired by Banco Bilbao Vizcaya Argentaria (BBVA) and significantly contributed to the growth of commerce and industry along the United States-Mexico border as well as throughout South Texas. Prior to its integration, LNB held assets totaling around $3.5 billion, positioning it as the fifth-largest independent bank within Texas. Its branches were spread across numerous key cities including Austin, Brownsville, Corpus Christi, Dallas, Del Rio, Eagle Pass, Harlingen, Houston, McAllen, San Antonio, San Marcos, and Weslaco. Additionally, LNB owned South Texas National Bank.
On November 14, 2008, following its merger with BBVA Compass, all LNB locations and its main office were rebranded under the Compass Bank name. This merger led to a planned reduction of 170 jobs and the shutdown of the original Laredo National Bank headquarters.
BBVA
Laredo National Bank functioned as a fully owned subsidiary of the multinational Spanish banking corporation Banco Bilbao Vizcaya Argentaria (BBVA). BBVA holds a considerable footprint in vital Texan markets through its ownership of institutions such as Laredo National Bank, Texas State Bank, and State National. These banks were unified under the BBVA Compass brand to enhance operational efficiency and broaden their market presence.
Locations
Austin, Texas 1
Brownsville, Texas 2
Dallas, Texas 2
Corpus Christi, Texas 4/2
Del Rio, Texas 3
Eagle Pass, Texas 4
Harlingen, Texas 1
Houston, Texas 7
Laredo, Texas 12/9
McAllen, Texas 3
San Antonio, Texas 7/1
San Marcos, Texas 1/1
Weslaco, Texas 1
Total: 44 Branches / 13 Off-site ATMs