Tag Archives: BBVA Compass

Digging into the UAB athletics announcement: A timeline of interest emerges

There are two slides that were added to the presentation made to the Alabama chapter of PRSA on Tuesday, January 13, before it was uploaded for sharing. These slides (numbers 13 and 14) represent a timeline of events occurring between October 28 (the date the UAB Football Foundation was formally announced via several media outlets) and November 12 (the date the foundation announced initial members appointed to its board). The information contained within was shared verbally with those in attendance on the 13th:

01132015 PRSA Alabama presentation

01132015 PRSA Alabama presentation2

The timing of the events included in the first slide and the significance of the soccer announcement as explained in the second slide (in addition to this report on it as it ran on November 10 — after securing a rendering of the proposed facility) are also significant considering a report from the UAB athletic financial analysis committee on December 19 made available earlier this month as a PDF.

More specifically, this passage from page two of the committee’s report is most significant:

At this point, no further work was performed based on the original contract or the two subsequent modifications. UAB reached back out to CarrSports during the week of October 6th to finalize the report. A draft was presented to UAB during the November 7th timeframe, with the final report being issued to UAB on 11/18/14.

It becomes significant when you begin to look at who knew what — specifically, the boosters — and when.

UAB announces new soccer facility, $1.5 million BBVA Compass gift towards construction

BBVA Compass field rendering from SEBBVA Compass and UAB officials released a statement on Friday announcing a $1.5 million gift to be used to construct a new 2,500 seat stadium for the school’s men’s and women’s soccer teams. The unveiling of these plans follow recent public written statements (including one released by UAB president Dr. Ray Watts and another by the university’s athletic director Brian Mackin) in response to a letter penned by the members of the newly formed UAB Football Foundation and first published on SB Nation’s Underdog Dynasty. The exchange is leading many to wonder if the UAB football team will be taking the field in 2016 and beyond.

Digital renderings of the new facility, to be called BBVA Compass Field, were posted to the UAB men’s soccer team’s fan page on Facebook on Saturday morning, November 8. It would place two of athletic department’s top three performing programs (soccer and baseball) on prominent display for those arriving on campus from the west along University Boulevard. Its location is approximately where a proposed facility was suggested in the long-range plan for the university previously prepared by KPS Group. The field would replace the current team home, the West Campus Field. It is also not the global financial institution’s first foray into the naming-rights arena as BBVA Compass Stadium, a 22,000 seat facility in Houston, TX nicknamed “The Oven,” houses the MLS’s Houston Dynamo and NWSL’s Houston Dash; their Spanish-based parent company, BBVA Group, sponsors La Jiga — the top division in Spain’s soccer league system.

In related news, the men’s soccer team, currently ranked No. 22 in the nation, will play against Marshall at 3:30 p.m. CT on Wednesday, November 12, in Norfolk, VA. in a quarterfinal match for the Conference USA championship. They will play the winner of the first match of the day — Kentucky vs. South Carolina (1 p.m. CT).

Source: BBVA Compass outsources IT help desk

bbva compass signWe’ve learned that BBVA Compass plans to announce that it will be outsourcing its IT (information technology) help desk. The decision would affect between 25-40 of the multinational bank’s employees in Birmingham, AL. Those employees would have the option of applying for work with the firm that has been awarded the account but would only be guaranteed no more than 60 days of work.

The story sounds similar to one that occurred last fall in Decatur, AL when 35 employees were told they would be laid off by the end of the year. Some of those jobs were moved to Texas with others outsourced to Atento, a unit of a Spain-based telecommunications and technology giant. By the way, BBVA Compass’ parent company is based in Spain.

We’ll update as more information becomes available.

UPDATE: BBVA Compass announces layoffs

Yep, that’s the word we’ve just received – BBVA Compass will announce plans to lay off nearly 10% of their workforce as early as later today. NOTE: They did announce it today – here’s NBC 13’s account via the Associated Press and The Birmingham News‘ post on their breaking news blog, where they confirm that 200 of the jobs will be lost in the Birmingham area.

We’re awaiting confirmation. It would be a major amount of cuts as well, reportedly 10% reduction in current staff numbers. When the last round of job cuts were announced in late November, the bank was reportedly employing more than 13.000 people across six states.

Sources report that internal emails indicated that 1,200 positions would be eliminated with individual notifications made “over the next couple of weeks.”  Severance and placement services were also offered.