With the flip of a switch, BBVA Compass announced its growing presence downtown by means of a bright blue lighted sign atop the city’s tallest building on March 2.
The lighting of the prominent signage at the Weston Centre and the viewing party at the nearby St. Anthony Hotel herald the bank’s relocation of its San Antonio corporate offices from 200 Concord Plaza to the modern high-rise in the coming months.
“This [signage] is significant because we are part of the city’s landscape. Whenever people drive through and around the downtown area, they’ll see us as a prominent part of San Antonio,” said BBVA’s San Antonio Commercial Banking Manager Ryan Parker in an email to the Rivard Report.
In May 2016, BBVA Compass signed on to lease more than 9,000 sq. ft. on the first floor of the Weston Centre for retail banking space, and more than 19,000 sq. ft. on the second floor for corporate offices. The second floor space has been renovated over the past year to provide an open layout that encourages collaboration and innovation, a design implemented in other BBVA offices around the world, including Madrid, Mexico City, Dallas, and Houston.
About 70 employees will work in the new offices, set to open in early May.
“This sign represents our headquarters moving into downtown during a time of exciting revitalization in this all-important area,” Parker said. “We see a bright and bold future for downtown San Antonio, and that is why we wanted to not only have our name be part of the city skyline, but also to be part of the growing business and tech wave this city is riding.”
Located in the heart of downtown on East Pecan Street and the San Antonio Riverwalk, the 32-story Weston Centre is owned by the Weston family. Major tenants include law firms Dykema Cox Smith, Jackson Walker, Haynes and Boone, and wealth managers Morgan Stanley.
BBVA Compass is a leading U.S. banking franchise located in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas, and ranks among the top 25 largest U.S. commercial banks based on deposit market share. It operates 10 branches or ATMs in San Antonio.
The BBVA Compass sign appears in blue lettering at the very top of both sides of the Weston Centre.