Zions Bancorporation is expected to receive $1.4 billion in bailout funds from the Department of the Treasury.
Zions is a financial services company providing a range of banking services, with operations primarily in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington and Oregon. Zions owns and operates eight commercial banks with over 500 branch offices. It was started in 1873 in the Utah Territory, which made it Utah's first chartered savings bank and trust company.
Zions is a very large regional bank that had recently been trying to financially rebound from a slew of bad real estate, development and construction loans.
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No federal contracts found
Center for Responsive Politics (Last Accessed 11/12/08).
10-29-2008. Commerce Banks’ parent to get bailout money (Portland Business Journal)
10-28-2008. Zions Bancorp to get $1.4 bln from US Treasury (Reuters)
10-28-2008. Zions Bancorporation (ZION) Reduces Dividend by 26% (StreetInsider.com)
10-19-2008 Zions Bancorporation Q3 2008 Earnings Call Transcript (Seeking Alpha.com)
10-17-2008. Zions Bancorporation profits dive (Las Vegas Review-Journal)
10-17-2008. Zions Bancorp’s Bad Loans Begin to Pile up (ZION) (Dividend.com)
10-16-2008. Zions Bancorp profit falls on real estate exposure (Reuters)
10-16-2008 Zions Bancorporation Reports Earnings of $0.31 Per Diluted Common Share for Third Quarter 2008 (Market Watch)
04-02-2007 ZION - Zions BanCorp: Growth through Acquisition (Cross Point.com)
Bailout Bank Bio: Zions Bancorporation
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Federal Equity Investment |
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Total Revenue |
$3.78 billion (2007) |
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Net Income (Loss) |
$493.75 million (2007) |
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Number of Employees |
10,971 (September, 2008) |
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Corporate Headquarters |
Salt Lake City, Utah |
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Business Sector |
Banking |
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Officers and Directors |
Harris H. Simmons, Chairman, President and Chief Executive Officer |
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Corporate Website |
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Executive Compensation |
Last Updated March 13, 2009
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