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Nearly every man who develops an idea works it up to the point where it looks impossible, and then he gets discouraged. That's not the place to become discouraged.
Thomas Edison Categories
Monthly Archives: April 2009
Zions Direct in Wall Street Journal
Zions Direct Chairman W. David Hemingway was featured in a recent Wall Street Journal article examining the Zions Direct auction platform. Read More
NSB Acquires Great Basin Bank of Nevada
Nevada State Bank officials announced April 17, 2009 that the bank has agreed, in a whole bank transaction, to acquire the banking operations of Great Basin Bank of Nevada in a transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
Branches previously owned and operated by Great Basin Bank of Nevada, headquartered in Elko, Nev., will reopen on Monday morning as branches of Nevada State Bank, Nevada’s oldest state-chartered bank. All Great Basin clients will automatically become clients of Nevada State Bank, said Dallas Haun, president and chief executive officer of Nevada State Bank. Read More
Job Erasure
One more month…one more exceedingly painful U.S. employment report
We have now had seven consecutive terrible job reports since the American consumer was told “the sky was falling” last September 18 by Federal Reserve Chair Ben Bernanke and then-U.S. Treasury Secretary Paulson. It was on that day that this dynamic duo emotionally and very publicly asked the U.S. Congress for $700,000,000,000 to fix financial markets.
That request, and the up-and-down discussion within the U.S. Congress during the following week, simply scared the American consumer to death. The consumer stopped spending…companies of all sizes adopted a “shoot first, ask questions later” approach to layoffs…and the economy dropped quickly. The rest, as they say, is history. Read More
New Municipal Bond Auction
Zions Direct announces its first auction of secondary market municipal bonds. The auction will begin Monday, April 20, and will run for eight days. This innovative approach to selling municipal bonds allows retail and institutional investors to set the yield through a competitive bidding process. This is in contrast to the typical approach in which a broker/dealer sets the offering yield. Read More
Coping Emotionally With the Economic Meltdown
If you have a 401(k) account, a mortgage, job, car, or if you eat food — or if you have a loved one who does — then chances are you’ve experienced additional stress this year. The economic downturn, experts assure us, has affected just about everyone: rich and poor, young and old, white collar and blue collar, blue states and red. We’re all in this together. But when we’re watching our investments shrink, or looking at a bill we can’t afford to pay, it’s easy to feel very alone.
Insomnia, anger, depression, self-medicating with drugs or food, and panic attacks are just some of the symptoms that have been reported because of “credit-crisis stress.” Here are some tips for coping when it feels like the sky is falling. Read More
Spring Cleaning
The struggling American economy, officially in recession since December 2007, hopes to establish a foundation for renewed growth before the end of the year. A combination of home price stabilization, a bit of optimism from the national media, and the impact of massive amounts of stimulus should help establish just such a foundation. Read More
Scott Anderson: Creating Value
One of the things I enjoy most about my job is the interaction I have with you — our clients. Whether the interaction is face-to-face, on the phone or through e-mail, I appreciate hearing from you.
Over the past few weeks, I have received a number of questions and comments regarding Zions Bancorporation’s participation in the U.S. Treasury’s TARP Capital Purchase Program. As we have reported, in mid-November 2008, Zions Bancorporation sold $1.4 billion of senior preferred stock and warrants to the U.S. Treasury as part of the CPP. Since many of the comments I have received center on misperceptions related to the CPP, I’d like to address the facts related to the program.
The Treasury’s CPP was designed to restore confidence in the financial system by strengthening the capital ratios of well-managed banks during this very uncertain economy so that those banks can make loans available to credit-worthy borrowers without being constrained by capital ratios. From its inception, the CPP has been available only to healthy banks. Read More
Re-entering the Job Market Tips
Their stories are as diverse as the workforce: a mother heading back to the office after raising her children, an ex-prison inmate looking for a job to jumpstart his new life, or a soldier rejoining the working ranks.
Re-entering the labor force is a daunting task facing more than 2.7 million men and women in the United States, according to the U.S. Bureau of Labor Statistics.
If you’re one of those returning job seekers, it’s time to polish your skills, brush up on your interview techniques and dust off that resume you haven’t looked at in years. Read More
