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Encyclopedia > Zions Bancorporation

Zions Bancorporation (NASDAQ: ZION) is a member of the S&P 500, a bank holding company headquartered Salt Lake City, Utah. Its star subsidiary is NSB Public Finance. The rest of the affiliates or subsidiaries are Amegy Bank of Texas, California Bank & Trust, National Bank of Arizona, Nevada State Bank, the Commerce Bank of Oregon, the Commerce Bank of Washington, Vectra Bank Colorado, Zions First National Bank, Zions Agricultural Finance, Zions Bank Capital Markets, Zions Credit Corporation, Zions Direct, Zions Management Services Company, Zions Public Finance, Zions Small Business Finance, NetDeposit, and Contango Capital Advisors. It has $47 billion in assets and over 11,000 employees. NASDAQ in Times Square, New York City. ... The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American. ... For other uses, see Bank (disambiguation). ... A holding company is a company that owns part, all, or a majority of other companies outstanding stock. ... Salt Lake City is the capital and the most populous city of the U.S. state of Utah. ...


History

Zions can trace its history to the founding of Zion's Savings Bank and Trust Company, which was opened in the fall of 1873 by Brigham Young. At the end of 1957, Zion's merged with Utah Savings and Trust Company and First National Bank of Salt Lake City. The surviving institution was named Zions First National Bank. 1873 (MDCCCLXXIII) was a common year starting on Wednesday (see link for calendar). ... See also, Brigham Young University Brigham Young (June 1, 1801 – August 29, 1877) was a leader in the Latter Day Saint movement. ... Year 1957 (MCMLVII) was a common year starting on Tuesday (link displays the 1957 Gregorian calendar). ...


In 1960, Keystone Insurance and Investment Company, which had been founded in 1955, bought a majority stake in Zions from The Church of Jesus Christ of Latter-day Saints and changed its name to Zions Utah Bancorporation. It kept that name until 1987,[1] when it became shortened to Zions Bancorporation, its present name. For other uses, see Church of Jesus Christ of Latter Day Saints (disambiguation). ...


Zions went public in January 1966, and has paid a cash dividend to shareholders every year since.[1] It has been suggested that ex-dividend date be merged into this article or section. ...


Throughout the long bear market of the 1970s, its stock performed well, rising from its low, early in that decade, to ten times in value by 1985, with a three-for-two split in 1981. By 1986 the company had a book value of over US$170 million, with steady annual earnings of over US$26 million. The book value of an asset or group of assets is sometimes the price at which they were originally acquired (historic cost), in many cases equal to purchase price. ...


It expanded into Nevada in 1985 and Arizona in 1986. This article is about the U.S. State of Nevada. ... Official language(s) English Spoken language(s) English 74. ...


In 1993, the stock split again, two-for-one, and by then had more than doubled from its 1985 peak high.[1]


By 1996, the company had become a member of the S&P MidCap 400, and the stock was halfway to yet another double from the prior early 1990s peak, with book value of nearly US$420 million, and earnings of over US$80 million.[1]


It expanded into Colorado and New Mexico in 1996, Idaho and California in 1997, Washington in 1998, and Oregon and Texas in 2005, and California in 2007. Today, A. Scott Anderson serves as CEO of Zions Bank. Official language(s) English Capital Denver Largest city Denver Largest metro area Denver-Aurora Metro Area Area  Ranked 8th  - Total 104,185 sq mi (269,837 km²)  - Width 280 miles (451 km)  - Length 380 miles (612 km)  - % water 0. ... Capital Santa Fe Largest city Albuquerque Area  Ranked 5th  - Total 121,665 sq mi (315,194 km²)  - Width 342 miles (550 km)  - Length 370 miles (595 km)  - % water 0. ... Official language(s) English [1] Capital Boise Largest city Boise Largest metro area Boise metropolitan area Area  Ranked 14th  - Total 83,642 sq mi (216,632 km²)  - Width 305 miles (491 km)  - Length 479 miles (771 km)  - % water 0. ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... For the capital city of the United States, see Washington, D.C.. For other uses, see Washington (disambiguation). ... Official language(s) (none)[1] Capital Salem Largest city Portland Area  Ranked 9th  - Total 98,466 sq mi (255,026 km²)  - Width 260 miles (420 km)  - Length 360 miles (580 km)  - % water 2. ... Official language(s) No official language See languages of Texas Capital Austin Largest city Houston Largest metro area Dallas–Fort Worth–Arlington Area  Ranked 2nd  - Total 261,797 sq mi (678,051 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ...


References

  1. ^ a b c d Standard & Poor's Stock Guide, various issues

External links

  • Official website
  • / ZION - Zions BanCorp: Growth through Acquisition - 04/2007

 
 

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