Shares of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) ended Friday session in red amid volatile trading. The shares closed down -0.04 points or -0.65% at $6.15 with 2.24 million shares getting traded. Post opening the session at $6.12, the shares hit an intraday low of $6.10 and an intraday high of $6.19 and the price vacillated in this range throughout the day. The company has a market cap of $40.65 billion and the numbers of outstanding shares have been calculated to be 6.48 billion shares.
On Sept. 13, 2016 BBVA Compass is welcoming Andrea Smith back to Birmingham as the market CEO of its headquarters city after she spent three successful years leading the bank’s efforts in San Antonio, one of the bank’s key markets.
Smith, who returns to Birmingham from her position as San Antonio market CEO, has more than 21 years’ experience in the financial industry, in roles of increasing seniority and importance. Before San Antonio, she spent 12 years as a senior commercial banker in Birmingham, focused on governmental and institutional lending to nonprofits, universities and municipalities. She also has experience in health care, commercial and industrial lending.
“We couldn’t be more excited to bring Andrea back to Birmingham, our headquarters market and the city that boasts more employees than any other city in our footprint,” said BBVA Compass East Region Executive Lee Smith. “She established herself as a true leader during her twelve years for us in Birmingham, which is why we sent her to San Antonio in 2013 to head up our efforts there. She quickly became an integral part of that community, so I know they’ll miss her, but we’re excited to have her back in Birmingham doing great things.”
Shares of MGIC Investment Corp. (NYSE:MTG) ended Friday session in red amid volatile trading. The shares closed down -0.12 points or -1.48% at $7.99 with 2.23 million shares getting traded. Post opening the session at $8.07, the shares hit an intraday low of $7.99 and an intraday high of $8.12 and the price vacillated in this range throughout the day. The company has a market cap of $2.75 billion and the numbers of outstanding shares have been calculated to be 340.64 million shares.
On Aug. 29, 2016 Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (MTG), mourns the loss of William H. Lacy, retired chairman and chief executive officer (CEO), who passed away on August 28, 2016 of respiratory failure.
On behalf of MGIC, non-executive chairman Curt Culver said:
“It is with great sadness that we announce the passing of my friend and colleague, Bill Lacy. His thoughtful leadership saw MGIC through tremendous changes, and helped shape the company into the industry leader that it remains to this day. On behalf of our Board of Directors, executive management team and employees, we mourn his loss and extend our deepest sympathies to his family.”
Mr. Lacy’s distinguished career with MGIC spanned 28 years, and he was admired and respected for his tenacity and drive. He was appointed president and CEO in 1987. Under his leadership, MGIC emphasized quality underwriting and outstanding customer service which resulted in strong growth in sales and long-term profits.