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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.
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Tag Archives: Zions Bank
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
Small Business Lending
At a time when media reports reflect concern over banks’ ability to lend during the credit crunch, Zions Bank has launched an aggressive advertising campaign to let small business owners know it has funds to help them succeed. The campaign includes radio spots on several stations throughout Utah and Idaho and print advertisements in major daily and weekly publications across the bank’s market area.
“In uncertain economic times, many people choose to go into business for themselves — to finally act on the business plan they’ve been hatching for years and to realize their dreams. These courageous entrepreneurs need not only the support of consumers, but also the help of financial experts at Zions Bank who know the ins and outs of business finance,” said Scott Anderson, president and CEO of Zions Bank. Read More
Zions Bank Earnings
In the midst of this very challenging economic environment, Zions First National Bank (“Zions Bank”) had net earnings of $106.7 million for the year ended December 31, 2008. This level of earnings resulted even after Zions Bank reserved more than $163 million for potential future loan losses and approximately $90.4 million in valuation losses on securities. Read More
Interesting Times
To say that the current economic times are challenging might seem like an understatement. With the unprecedented events in the market over the past several months, people everywhere are concerned about protecting and preserving their money. While this uncertainty can leave all of us feeling uneasy, it can also bring forward the need for all of us to be proactive about our personal finances and manage our money with care.
Since early in 2008, the President’s Advisory Council on Financial Literacy has been working to develop policies and programs to promote financial literacy. Their goal is to provide substantive guidance and resources that can help people make smart financial choices during both good times and bad. Read More
No Phishing Allowed
Keeping your personal and account information secure is a top priority at Zions Bank, where state of-the-art security measures are utilized to protect your information. However, it is ultimately your responsibility to keep your information secure when using Internet banking.
By far, the financial services industry is the most targeted industry sector of all phishing attacks, according to the Anti-Phishing Working Group. The damage caused by phishing ranges from loss of e-mail access to extreme financial loss. Read More
Gift Budget Tool
An online holiday gift planner from Zions Bank helps Santa Claus make his gift list … and check it twice so that he sticks to a budget.
Free to the public, the Web resource at myholidaygiftplanner.com allows shoppers to organize their gift list, create a personal budget and stick to it. While they are at it, users can take advantage of the customizable planner to start their gift list and budget for next year.
After logging in to myholidaygiftplanner.com, users set up a free personalized planner that they can save and edit whenever they like. Shoppers create a gift list for each person on their shopping list and estimate the cost for each gift, which is added up into a total budget. The budgets can be adjusted as desired and updated with actual expenditures as gifts are purchased. Space is provided for people to make shopping notes, or to copy and paste Web site addresses or delivery confirmation numbers when shopping online. Read More
Award Winning Bankers
U.S. Banker magazine announced that Zions Bancorporation received one team award and five individual awards for its sixth annual “Most Powerful Women in Banking” issue. Zions Bank was recognized for having one of the top three banking teams in the nation, one banker was included in the” Most Powerful Women in Banking” category and four others were added to the “Top 25 Women to Watch” list.
This year’s publication marks the third-annual recognition of the Top Three Banking Teams, which ranks overall staff diversity, the percentage of women corporate officers and the aggregate performance of women-led businesses and functional areas. For the past two years, winning teams have been led by U.S. Bancorp, Wells Fargo & Co. and Citigroup. This year, U.S. Bancorp ranked first, Zions Bank ranked second and Citigroup ranked third. Read More
