Laredo National Bank

{{Infobox company | name = Laredo National Bank | logo = Laredo National Bank (logo).jpg | type = foundation = 1892 | location = [[Laredo, Texas]] | key_people = | Corporation= | industry = [[Finance and Insurance]] | products = [[Banking]] [[Investments]] [[Insurance]] | revenue = $3.5 billion [[U.S. Dollar|USD]] ([[Fiscal year|FY]] 2006) prior to merger | homepage = [http://www.lnb.com/ www.lnb.com] }} [[Image:Laredo National Bank HQ.JPG|The Laredo National Bank's building is the fourth tallest building in [[Laredo, Texas]]|right|thumb]] [[Image:Walker Plaza -Laredo.jpg|The Walker Plaza housed the South Texas National Bank a subsidiary of LNB, today all South Texas National Banks were renamed Laredo National Bank.|thumb]] The '''Laredo National Bank (LNB)'''<ref>[http://www.lnb.com/ Laredo National Bank Home Page]</ref> was a [[Texas]] bank founded in 1892 headquartered in [[Laredo, Texas]] which was bought by [[Banco Bilbao Vizcaya Argentaria]]. LNB had been a component in the development of business and industry along the [[United States-Mexico border]] and [[South Texas]]. The Laredo National Bank had grown to approximately $3.5 billion in assets and was the fifth largest independent bank in Texas. Headquartered in Laredo, Texas, LNB had branches in [[Austin, Texas|Austin]], [[Brownsville, Texas|Brownsville]], [[Corpus Christi, Texas|Corpus Christi]], [[Dallas, Texas|Dallas]], [[Del Rio, Texas|Del Rio]], [[Eagle Pass, Texas|Eagle Pass]], [[Harlingen, Texas|Harlingen]], [[Houston, Texas|Houston]], [[McAllen, Texas|McAllen]], [[San Antonio, Texas|San Antonio]], [[San Marcos, Texas|San Marcos]], and [[Weslaco, Texas|Weslaco]]. Laredo National Bank owned South Texas National Bank. Laredo National Bank's branches and headquarters names have been changed to [[BBVA Compass|Compass Bank]] on November 14, 2008 due to a merger between Laredo National Bank Compass and BBVA. BBVA Compass plans on cutting 170 jobs and eliminating the Laredo National Bank headquarters.<ref>[http://www.lmtonline.com/articles/2008/09/25/news/doc48db80cb49bc3171522131.txt Laredo Morning Times article; 170 jobs cut]</ref>

[[Image:Walker Plaza off Interstate 35 in Laredo, TX IMG 1808.JPG|thumb|Transition of changing the name of banks and branches has begun notice underneath the LNB sign, Compass is underneath|left|200px]]

==BBVA== Laredo National Bank was a wholly owned subsidiary of [[Banco Bilbao Vizcaya Argentaria]] (BBVA), a multinational [[Spain|Spanish]] banking group. BBVA has a major presence in the main Texas market and principal cities with Laredo National Bank, Texas State Bank, and State National all of which were merged and had their names changed to BBVA Compass Bank.

==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

==References== {{reflist}} {{coord|27.5051|-99.5049|type:edu_region:US|display=title}} {{Laredo, Texas}}

[[Category:Banks based in Texas]] [[Category:Companies based in Laredo, Texas]] [[Category:Defunct banks of the United States]] [[Category:Banks established in 1892]] [[Category:1892 establishments in Texas]]