Key Developments: Zions Bancorporation (ZION.OQ)

ZION.OQ on NASDAQ Stock Exchange Global Select Market

30.01USD
19 Sep 2014
Price Change (% chg)

$0.14 (+0.47%)
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$29.87
Open
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$29.79
Volume
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$33.33
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Latest Key Developments (Source: Significant Developments)

Zions Bancorporation Announces Completion Of Non-Cumulative Perpetual Preferred Stock Offering
Tuesday, 30 Jul 2013 07:51pm EDT 

Zions Bancorporation announced that it has successfully priced offering of 236,279 depositary shares ($5,906,975 aggregate liquidation preference) each representing a 1/40th interest in a share of Series A floating rate non-cumulative perpetual preferred stock in an underwritten public transaction. The public offering price of $21.55 was determined through an online modified Dutch auction process administered by Zions Direct, Inc. Net of commissions and fees, the proceeds to the Company are expected to be approximately $4.9 million. Zions intends to use the net cash proceeds from this offering to pay in part the redemption price in respect of the redemption by Zions of $590,000,000 of 9.50% Series C non-cumulative perpetual preferred stock. Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Keefe, Bruyette & Woods, Inc. served as active joint bookrunning managers for the offering. Macquarie Capital (USA) Inc. and Zions Direct, Inc. served as passive joint bookrunning managers for the offering. Zions Direct served as the auction service provider.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Friday, 26 Jul 2013 05:30pm EDT 

Zions Bancorporation announced today that its board of directors declared a regular quarterly dividend of $0.04 per common share. The dividend is payable August 29, 2013 to shareholders of record on August 22, 2013. The board of directors also declared the regular quarterly cash dividends on the company's various perpetual preferred shares. The cash dividend on the Series A, C, F, G, and H shares are payable on September 15, 2013 to shareholders of record on September 1, 2013.  Full Article

Zions Bancorporation Announces Pricing Of $300 Million Senior Notes Offering
Monday, 10 Jun 2013 06:21pm EDT 

Zions Bancorporation announced that it priced $300,000,000 of fixed-rate senior unsecured notes (the Notes) to mature on June 13, 2023 with a coupon of 4.50% in an underwritten public transaction. Net of commissions and fees, the net proceeds to the Company are expected to be approximately $297.2 million. Zions intends to use the net cash proceeds from this offering for general corporate purposes, which may include the redemption of certain securities. Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC served as active joint bookrunning managers for the offering. Macquarie Capital (USA) Inc. and Zions Direct, Inc. served as passive joint bookrunning managers for the offering.  Full Article

Zions Bancorporation Declares Dividend For Preferred Shares
Thursday, 30 May 2013 06:55pm EDT 

Zions Bancorporation announced that its Board of Directors declared a regular quarterly cash dividend on the Company's Series H preferred stock, payable on June 15, 2013 to shareholders of record on June 1, 2013. This payment will equal $0.1717 per share, reflecting the fact that the shares were not outstanding for a full quarter.  Full Article

Zions Bancorporation Announces Completion Of Non-Cumulative Perpetual Preferred Stock Offering
Friday, 17 May 2013 12:18pm EDT 

Zions Bancorporation announced that it successfully priced its offering of 300,893 shares of Series I fixed/floating rate non-cumulative perpetual preferred stock in an underwritten public transaction. The dividend rate was determined through an online modified Dutch auction process administered by Zions Direct, Inc. The public offering price of each share is equal to the liquidation preference per share, or $1,000.00. The dividend rate for the fixed rate period, which runs from the issuance date to, but not including, June 15, 2023, is 5.80%. The dividend rate for the floating rate period, which begins on June 15, 2023, will be equal to three-month LIBOR plus a spread of 3.80%. Zions intends to use the net cash proceeds from this offering for general corporate purposes, which may include the redemption of certain securities. Deutsche Bank Securities Inc., Goldman, Sachs & Co., Keefe, Bruyette & Woods, Inc., Macquarie Capital (USA) Inc. and Zions Direct served as underwriters and joint book-running managers for the offering. Zions Direct served as the auction service provider.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Friday, 19 Apr 2013 03:31pm EDT 

Zions Bancorporation announced that its board of directors declared a regular quarterly dividend on its outstanding common stock of $0.04 per common share, an increase from the previous dividend of $0.01 per common share. The dividend is payable May 30, 2013, to shareholders of record on May 23, 2013. The board of directors also declared the regular quarterly cash dividends on the company's various perpetual preferred shares. The cash dividends on the Series A, C, F and G shares are payable on June 15, 2013, to shareholders of record on June 1, 2013.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Thursday, 7 Feb 2013 07:00am EST 

Zions Bancorporation announced that its board of directors declared a regular quarterly dividend of $0.01 per common share. The dividend is payable February 25, 2013, to shareholders of record on February 18, 2013. The board of directors also declared the regular quarterly cash dividends on the Company's various perpetual preferred shares. The cash dividends on the Series A, C, and F shares are payable on March 15, 2013, to shareholders of record on March 1, 2013.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Tuesday, 13 Nov 2012 03:03pm EST 

Zions Bancorporation announced that the dividend is payable on November 29, 2012, to shareholders of record on November 23, 2012. The Board Of Directors also declared the regular quarterly cash dividends on the Company's various perpetual preferred shares. The cash dividends on the Series A, C, and F shares are payable on December 15, 2012 to shareholders of record on December 1, 2012.  Full Article

Fed OKs Zions Bancorp. resubmitted capital plan

WASHINGTON - The U.S. Federal Reserve on Friday approved a resubmitted capital plan from Zions Bancorporation, part of an annual stress test of banks' financial robustness.

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