Profile: Zions Bancorporation (ZION.OQ)

ZION.OQ on NASDAQ Stock Exchange Global Select Market

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Zions Bancorporation (the Parent), incorporated on April 25, 1955, is a financial holding company. The Company (the Parent and its subsidiaries) owns and operates eight commercial banks with a total of approximately 469 domestic branches as of December 31, 2013. The Company provides banking and related services through its banking and other subsidiaries, in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington, and Oregon. The Company focuses on providing community banking services by focusing on its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.

The Company operates eight different banks in ten Western and Southwestern states with each bank operating under a different name. The banks provide a wide variety of commercial and retail banking and mortgage lending products and services. They also provide a wide range of personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, direct deposit, and Internet and mobile banking. In addition, certain subsidiary banks provide services to key market segments through their Women’s Financial, Private Client Services, and Executive Banking Groups. The Company also offers wealth management services through various subsidiaries, including Contango Capital Advisors and Zions Trust Company, and online and traditional brokerage services through Zions Direct and Amegy Investments.

In addition to these core businesses, the Company has built specialized lines of business in capital markets and public finance, and small business administration (SBA) lending. Through its subsidiary banks, the Company provides SBA 7(a) and SBA 504 financing to small businesses. The Company owns an equity interest in Farmer Mac and is its top originator of secondary market agricultural real estate mortgage loans. The Company offers finance advisory and corporate trust services for municipalities. The Company uses its trust powers to provide trust services to individuals in its wealth management business and to provide bond transfer, stock transfer, and escrow services in its corporate trust business.

Lending Activities

The Company’s portfolio of loans includes commercial and industrial, commercial real estate, consumer, Bankcard and other revolving plans, FDIC-supported loans, as well as leases. As of December 31, 2013, net loans and leases were $39 billion.

Investment Activities

The Company’s invests in both held-to-maturity and available-for-sale securities. It has investments in municipal securities, asset-backed securities, trust preferred securities, the United States Treasury securities, securities of the United States Government agencies and corporations, agency securities, agency guaranteed mortgage-backed securities and small business administration loan-backed securities, among others.

Sources of Funds

Deposits, both interest-bearing and noninterest-bearing, are a primary source of funding for the Company. The Company’s interest-bearing deposits include saving and money market deposits, time deposits and foreign deposits. As of December 31, 2013, the Company’s deposits totaled $16.26 billion, of which demand and savings and money market deposits comprised 90.1%.

Company Address

Zions Bancorporation

15TH FLOOR, ONE SOUTH MAIN STREE
SALT LAKE CITY   UT   84111
P: +1801.5244787

Company Web Links

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