Spanish company Banco Bilbao Vizcaya Argentaria (BBVA) reached an agreement to acquire Laredo National Bancshares, Inc. (LNB), the leading financial services provider for Hispanics in the Texas-Mexico border area. LNB has $3.4 billion in total assets and 110,000 customers. Laredo National Bancshares expects a 2004 loan volume of US $1.3 billion. Its primary origination channels are direct mail and internet.