Author Archives: Press Release

Federal Reserve Does Not Object to Zions’ 2012 Capital Plan

Key plan elements include the redemption of TARP, no common equity issuance. Read More

Zions Credit Card Ranks No. 1 for Lowest Ongoing Rate

At a time when many consumers are watching interest rates on their credit cards rise in the aftermath of the Credit Card Act of 2009, Zions Bank’s Low Rate Visa Platinum card has been ranked No. 1 in the country for the lowest ongoing interest rate for consumers with good credit. Zions Bank’s card surpassed 216 others . . . Read More

Upcoming Retirement Seminars in Provo and Logan

Zions Bank has recently announced a new service called Zions Bank Retirement Resources, which provides customers with information on a variety of retirement considerations, such as wills, trusts, 401(k)s, IRAs and a host of other important topics.

Over the coming months, Zions Bank Retirement Resources along with Zions Direct and Zions Investment Services Group will be hosting a series of seminars on a variety of retirement subjects.

The next seminar will be held June 11 . . . Read More

Zions Direct-Sponsored United Rugby Wins Nationals

Utah-based United won its first U-19 Rugby Club National Championship at Rio Tinto stadium on Saturday, May 22, defeating defending national champion Highland (Utah) 22-17 in a well-played, hard fought match.

The Zions Direct-sponsored team deftly moved through the tournament. After drumming Georgia-based Alpharetta Phoenix in the quarter-finals with a 50-0 victory and handling eventual third-place finishers Katy, Texas in the semifinals 41-6, United met familiar foe Highland in the finals . . . Read More

Upcoming Retirement Seminars in Idaho

Zions Bank has recently announced a new service called Zions Bank Retirement Resources, which provides customers with information on a variety of retirement considerations, such as wills, trusts, 401(k)s, IRAs and a host of other important topics.

Over the coming months, Zions Bank Retirement Resources along with Zions Direct and Zions Investment Services Group will be hosting a series of seminars on a variety of retirement subjects.

The next seminar will be held May 11 . . . Read More

Zions Bank extends first Build America Bond in Idaho

Zions Bank recently facilitated the first Build America Bond in Idaho, assisting Southwest District Health in financing construction of a new 51,100-square foot public health care facility to be located in Caldwell at 13307 Miami Lane. The Build America Bond program, which was created through the American Recovery and Reinvestment Act of 2009, allows . . . Read More

FDIC Centennial Bank Press Release

FDIC Approves the Payout of the Insured Deposits of Centennial Bank, Ogden, Utah

The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Centennial Bank, Ogden, Utah. The bank was closed March 5, 2010 by the Utah Department of Financial Institutions, which appointed the FDIC as receiver.

The FDIC entered into an agreement with Zions First National Bank, Salt Lake City, Utah, to accept the failed bank’s direct deposits from the federal government, such as Social Security and Veterans’ payments . . . Read More

Zions Bank Offers Upcoming Retirement Seminars

Zions Bank has recently announced a new service called Zions Bank Retirement Resources, which provides customers with information on a variety of retirement considerations, such as wills, trusts, 401(k)s, IRAs and a host of other important topics.

Over the coming months, Zions Bank Retirement Resources along with Zions Direct and Zions Investment Services Group will be hosting a series of seminars on a variety of retirement subjects.

The next seminar will be held March 10 . . . Read More

Zions Bank to assist with resolution of Barnes Bank

Zions First National Bank, a subsidiary of Zions Bancorporation, announced today that it will assist the Federal Deposit Insurance Corporation (FDIC) by acting as Payout Agent in the resolution of Barnes Banking Company, based in Kaysville, Utah . . . Read More

Zions Bancorp Company Release

Zions Bancorporation today commenced an offer to exchange into shares of Zions’ common stock any and all of its approximately 5.6 million outstanding Depositary Shares representing its Series A Preferred Stock with an aggregate liquidation preference of approximately $140 million. The Exchange Offer would increase Zions’ tangible common equity by an amount approximately equal to the aggregate liquidation preference of the Depositary Shares exchanged. Read More

CB&T Completes Conversion of Vineyard Branches

California Bank & Trust is pleased to announce that it has completed the conversion of the former Vineyard Bank accounts and branch locations into California Bank & Trust. More than 31,000 loan and deposit accounts have been fully integrated into the California Bank & Trust banking system. California Bank & Trust acquired the deposits and loans of Vineyard Bank from the Federal Deposit Insurance Corporation on July 17, 2009.

“The conversion of Vineyard Bank branches and accounts to California Bank & Trust went very smoothly. We look forward to working with our new customers and providing them with quality financial products, excellent customer service as well as the strength and security of a sound financial institution,” said Frank Lee, executive vice president of the retail business banking division at California Bank & Trust. Read More

Top Lender for 16 Consecutive Years

Helping infuse small businesses with the capital they need to grow and create jobs, Zions First National Bank announced October 15, 2009 its rank as the top lender of U.S. Small Business Administration (SBA) 7(a) loans in Utah for 2009. Zions has ranked as Utah’s No.1 SBA lender for the past 16 consecutive years. It has also ranked as the top SBA lender in Idaho’s Boise District for the past eight consecutive years.

Zions Bank approved 869 SBA 7(a) loans in Utah totaling $58.7 million for the fiscal year ended Sept. 30, 2009. These loans represent 38 percent of the 2,247 SBA-backed loans approved in the state during fiscal year 2009.

“At a time when questions are being raised about banks’ willingness to make loans, Zions Bank is proud to continue to demonstrate our institution-wide commitment to supporting small businesses as they build and drive our economies,” said Zions Bank President and CEO Scott Anderson. “Even in a challenging environment, the fact that we approved just 40 fewer SBA loans than we did in fiscal year 2008 further demonstrates our willingness to lend to small businesses.” Read More

Zions Bancorporation Announcement

Zions Bancorporation Announces Equity Distribution Agreement and Commencement of Senior Notes Offering

Utah Execs Survey: Bouncing Back from the Recession

Utah business owners anticipate recovery from the effects of the recession will be slow, according to Zions Bank’s latest Utah Quarterly Economic Forecast. The second quarter 2009 study reveals 52 percent of Utah executives say it will take their companies at least one year to bounce back. Another 31 percent of Utah business leaders predict it will take six-to-12 months to recover, and just eight percent believe it can be done in less than six months. Read More

Zions Top Lender of New SBA ARC Loans

Zions First National Bank, a subsidiary of Zions Bancorporation, was the first financial institution in the nation to receive authorization by the U.S. Small Business Administration (SBA) to extend a new America’s Recovery Capital (ARC) loan to a small business client. Zions Bank received approval of an ARC loan application from the SBA on June 15, 2009, the day SBA began offering these loans that provide an immediate infusion of capital to small businesses to assist with making payments of principal and interest on existing debt. Read More