Zions Bancorp
1 S Main St Fl 15
Salt Lake City, Utah 84133-1109
USA
tel: +1 8015244787
http://www.zionsbank.com
Description
Through its various subsidiaries, the Salt Lake City-based Zions Bancorporation provides a full range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Washington. Its primary holding, Zions First National Bank, operates 150 branch offices, 214 ATM's, and has assets of $8.5 billion. All together, Zions' collection of banks has over 400 branch offices. The company has grown quickly since the early 1990s by acquiring other banks and expanding existing operations. Keystone Insurance and Investment Co., the precursor to Zions Bancorporation, was incorporated in Utah in 1955 by a group of investors for the purpose of acquiring the Lockhart Corporation. In addition to Lockhart's financial holdings, during the next few years Keystone purchased an insurance agency and about 120 acres of land in an industrial park. When Keystone went public in 1960, it was worth about $2 million. In 1960, a group of investors, the chief of which was Keystone, purchased a controlling share of Zions First National Bank. A holding company, Zions First National Investment Co., was incorporated in Nevada to own the bank. The holding company's name was changed to Zions Utah Bancorporation in 1965. The holding company went public in 1966 when existing stockholders sold their shares. In 1971, Zions Utah Bancorporation merged into Keystone, with Keystone becoming the surviving company. Keystone subsequently changed its name to Zions Utah Bancorporation. Zions chief holding, Zions First National Bank, was a leading local bank in Salt Lake City. Prior to the buyout by Keystone and its associates, the bank was principally owned by the Latter-day Saints Church. Renowned Mormon leader Brigham Young had started the bank in 1873 to serve the church and local community. Throughout the late 1800s and through the mid-1900s, Zions had close ties to the Mormon Church, taking deposits from, and providing loans to, church members as well as handling many of the church's financial transactions.
Location
Products
- Commercial Banking
- Financial management for business
- National commercial banks
- Office Administrative Services
- State commercial banks
News and Blogs
Total : 4 View more »
Should Value Lead Investors To Ignore Zions Bancorp's Lousy Performance? - Seeking Alpha
...articles on ZION Should Value Lead Investors To Ignore Zions Bancorp's Lousy Performance? by: Stephen Simpson January...to dig out from the wreckage of the credit collapse? Zions Bancorp (ZION) is a good case in point. Current results...
Zions Bancorp.'s CEO Discusses Q4 2011 Results - Earnings Call Transcript - Seeking Alpha
...email alerts with breaking news and articles on ZION Zions Bancorp.'s CEO Discusses Q4 2011 Results - Earnings Call...Keefe, Bruyette, & Woods, Inc., Research Division Zions Bancorp. (ZION) Q4 2011 Earnings Call January 23, 2012 5...
The Best U.S. States For Investors - Seeking Alpha
...improvements in the tax base as Colorado improves, the relatively high fees on these funds mean I would not recommend them. Zions Bancorp (ZION) owns Vectra Bank, which is a significant bank in Colorado, however ZION is sufficiently large that Vectra...
Retirement Investors, Scared Of Large Banks? Consider Community Banks - Seeking Alpha
...Financial (PBCT), Signature Bank (SBNY)-which used to be owned in part by Israel's Bank Hapoalim (BKHPF.PK) - or Zions Bancorp (ZION). Speak with your advisor to see how you can implement the move to community banks in your investment portfolio...
