Defendant
1 case as defendant.
I'll research this company before writing the profile.
BBVA Compass Bancshares, Inc. — later renamed BBVA USA Bancshares, Inc. and branded BBVA USA — was a U.S. bank holding company headquartered in Birmingham, Alabama (15 South 20th Street). Its roots trace to Central Bank and Trust Company, founded in 1964 by Harry B. Brock Jr.; it became Compass Bancshares in 1993. It was a wholly owned subsidiary of Spain's Banco Bilbao Vizcaya Argentaria, S.A. (BBVA; NYSE: BBV) from September 2007 until PNC Financial Services Group (NYSE: PNC) acquired it for $11.6 billion in cash, closing June 1, 2021; the Alabama registry lists the entity as merged, and branches were rebranded to PNC by October 2021. At sale it reported roughly $104 billion in assets, 637 branches, and about 9,000–10,800 employees; FY2019 revenue was reported at roughly $3.8 billion.
Operations: a commercial and retail banking franchise across Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. Its 10-K reported segments of Commercial Banking and Wealth, Retail Banking, Corporate and Investment Banking, and Simple, its digital banking unit — i.e., deposit and checking products, mortgages, credit cards, commercial lending, treasury management, and wealth/asset management.
Litigation posture: purely defensive in the tracked data — 1 case as defendant, 0 as plaintiff, consistent with an operating company targeted by a patent-holding plaintiff rather than an active two-way litigant. The case was Intellectual Ventures II LLC v. BBVA Compass Bancshares, Inc. et al., No. 2:13-cv-01106 (N.D. Ala.), an NPE suit asserting acquired patents said to cover online banking services, filed June 12, 2013. Notably, it was filed in the defendant's home venue rather than a plaintiff-friendly district such as the Eastern District of Texas.
Context: the suit was stayed pending inter partes review, and Jones Day reported that Compass Bank ultimately obtained dismissal with prejudice of all of IV's claims (2018). Related IPRs (e.g., IPR2014-00801) were filed jointly with Commerce Bancshares and First National Bank of Omaha; the Board declined to treat BBVA as a real party in interest. Because the company no longer exists independently, current financial figures are unavailable.
Intellectual Ventures II LLC asserted U.S. Patent 6,826,694, along with U.S. Patents 5,745,574, 6,715,084, 6,314,409, and 7,634,666, against BBVA Compass Bancshares, Inc. and Compass Bank in the 2013 IV II banking campaign. The case was dismissed with prejudice by stipulated order on Sept. 11, 2018; counterclaims were dismissed without prejudice.