New alliance. Same great SmartyPig.

BBVA Compass and SmartyPig form strategic alliance.

BBVA Compass and SmartyPig have formed an exciting strategic alliance—BBVA Compass will serve as the depository institution to SmartyPig customers in the United States.

What does this mean to you? For starters, as a SmartyPig customer, you should notice no difference in how your SmartyPig account works today. But there are a few things you do need to know:

Will SmartyPig accounts still be FDIC insured?

Yes, SmartyPig accounts are FDIC insured to the maximum allowed by law.

I am a current SmartyPig customer. Do I have to do anything?

If you are a current SmartyPig customer, you should receive an e-mail notice on June 7 which allows you to authorize the opening of a new BBVA Compass savings account for your SmartyPig savings goals and the transfer of your then existing savings account balance at West Bank to BBVA Compass effective August 1, 2010.

Who is BBVA Compass?

BBVA Compass is the 15th largest U.S. commercial bank based on deposit market share and ranks among the largest banks in Alabama (3rd), Texas (4th) and Arizona (5th). BBVA Compass offers customers innovative and industry leading products and services to meet their financial goals. For more information, visit www.bbvacompass.com.

“BBVA Compass is an important choice for us as it is able to handle the scale of SmartyPig's considerable growth while quickly and seamlessly integrating our current customers. This strategic alliance also provides SmartyPig customers access to BBVA Compass' broad array of innovative banking products and services.”

Bob Weinschenk
Chief Executive Officer, SmartyPig