Tag Archives: TARP
SALT LAKE CITY, October 22, 2012 – Zions Bancorporation (NASDAQ: ZION) (“Zions” or “the Company”) today reported third quarter net earnings applicable to common shareholders of $62.3 million or $0.34 per diluted common share. Read More
SALT LAKE CITY, September 26, 2012 – Zions Bancorporation (NASDAQ: ZION) today announced that it has redeemed its remaining $700 million Series D preferred stock, more commonly referred to as TARP funds. Read More
On Thursday, March 22, 2012, Zions Direct acted as the auction agent for the sale of $300 million of Zions Bancorporation senior notes. The auction results, as well as a listing of current live auctions, can be viewed by visiting www.auctions.zionsdirect.com. Read More
SALT LAKE CITY, March 28, 2012 – Zions Bancorporation redeemed $700 million, or 50%, of its Fixed Rate Cumulative Perpetual Preferred Stock, Series D, issued to the U.S. Department of the Treasury under the Treasury Department’s Troubled Asset Relief Program Capital Purchase Program. Read More
Key plan elements include the redemption of TARP, no common equity issuance. Read More
For the last couple of years, the US bond market has been batted back and forth by deflation and inflation fears. One consequence has been a lot of “noise” in the data – a racket that it may be best to ignore. Read More
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
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