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Zions Bancorporation
Financial services / Banking and Financial Services
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Overview
Zions Bancorporation is a financial services company headquartered in Salt Lake City, Utah. It is one of the largest bank holding companies in the United States, with over 11,000 employees and over 500 branches in 11 western and southwestern states.
The company was founded in 1873 as Zion's Savings Bank and Trust Company, and has since grown through mergers and acquisitions to become a major player in the financial industry. Its primary subsidiaries include Zions Bank, National Bank of Arizona, Nevada State Bank, California Bank & Trust, and Amegy Bank of Texas.
Zions Bancorporation offers a wide range of banking and financial services to individuals, small businesses, and commercial clients. These services include checking and savings accounts, loans, mortgages, credit cards, wealth management, and investment banking.
The company is also committed to giving back to the communities it serves and has a strong focus on supporting local organizations and initiatives through its Zions Bank Community Contributions program.
Zions Bancorporation has received numerous awards and recognition for its financial performance, customer service, and community involvement, including being named one of America's Best Banks by Forbes magazine.
In 2018, Zions Bancorporation announced plans to re-domicile its parent company from Utah to Nevada, citing regulatory and tax advantages in Nevada. This move was completed in January 2021.
The company was founded in 1873 as Zion's Savings Bank and Trust Company, and has since grown through mergers and acquisitions to become a major player in the financial industry. Its primary subsidiaries include Zions Bank, National Bank of Arizona, Nevada State Bank, California Bank & Trust, and Amegy Bank of Texas.
Zions Bancorporation offers a wide range of banking and financial services to individuals, small businesses, and commercial clients. These services include checking and savings accounts, loans, mortgages, credit cards, wealth management, and investment banking.
The company is also committed to giving back to the communities it serves and has a strong focus on supporting local organizations and initiatives through its Zions Bank Community Contributions program.
Zions Bancorporation has received numerous awards and recognition for its financial performance, customer service, and community involvement, including being named one of America's Best Banks by Forbes magazine.
In 2018, Zions Bancorporation announced plans to re-domicile its parent company from Utah to Nevada, citing regulatory and tax advantages in Nevada. This move was completed in January 2021.
What is special about the company?
There are a few notable things about the Zions Bancorporation company:
1. Strong regional presence: Zions Bancorporation is one of the largest regional banking organizations in the United States, with operations in 11 Western and Southwestern states. This gives the company a strong foothold in a diverse and growing market.
2. Long history: The company was founded in 1873 and has a long history of providing financial services to its customers. This legacy has helped to establish a trusted reputation for the company.
3. Diversified business model: Zions Bancorporation operates through a variety of brands and subsidiaries, offering a range of financial services such as commercial and consumer banking, mortgage lending, and wealth management. This diversification allows the company to weather economic fluctuations and reach a broad range of customers.
4. Commitment to sustainability: The company has a strong commitment to promoting environmental and social sustainability. It has implemented sustainable practices in its operations and also supports various community and environmental initiatives.
5. Technological innovation: Zions Bancorporation has invested in technology to modernize its banking operations and improve customer service. This includes online and mobile banking capabilities, as well as advanced security measures.
6. Strong financial performance: The company has a track record of strong financial performance, with consistent profitability and a strong balance sheet. This stability has allowed Zions Bancorporation to weather economic downturns and maintain a strong presence in the banking industry.
1. Strong regional presence: Zions Bancorporation is one of the largest regional banking organizations in the United States, with operations in 11 Western and Southwestern states. This gives the company a strong foothold in a diverse and growing market.
2. Long history: The company was founded in 1873 and has a long history of providing financial services to its customers. This legacy has helped to establish a trusted reputation for the company.
3. Diversified business model: Zions Bancorporation operates through a variety of brands and subsidiaries, offering a range of financial services such as commercial and consumer banking, mortgage lending, and wealth management. This diversification allows the company to weather economic fluctuations and reach a broad range of customers.
4. Commitment to sustainability: The company has a strong commitment to promoting environmental and social sustainability. It has implemented sustainable practices in its operations and also supports various community and environmental initiatives.
5. Technological innovation: Zions Bancorporation has invested in technology to modernize its banking operations and improve customer service. This includes online and mobile banking capabilities, as well as advanced security measures.
6. Strong financial performance: The company has a track record of strong financial performance, with consistent profitability and a strong balance sheet. This stability has allowed Zions Bancorporation to weather economic downturns and maintain a strong presence in the banking industry.
What the company's business model?
Zions Bancorporation is a financial services company that operates as a bank holding company. Its business model involves offering a comprehensive range of banking and related services to individuals, small and medium-sized businesses, as well as corporate and institutional clients. These services include deposits, loans, treasury management, wealth management, trust services, and capital markets products.
The company operates primarily in the western United States, with a network of approximately 500 branches and over 600 ATMs, serving customers in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington.
Zions Bancorporation operates through its seven subsidiary banks, including Zions Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank, Amegy Bank, and Commerce Bank of Washington. Each bank operates with its own brand, management, and board of directors, giving the company a strong regional presence and allowing it to tailor its services to meet the specific needs of local markets.
In addition to its banking operations, Zions Bancorporation also offers other financial services such as insurance, mortgage banking, and investment services through its other subsidiaries. The company's business model focuses on building and maintaining long-term relationships with its customers by providing personalized and high-quality financial solutions. Zions Bancorporation aims to grow its business through organic growth, strategic acquisitions, and expanding its product and service offerings.
The company operates primarily in the western United States, with a network of approximately 500 branches and over 600 ATMs, serving customers in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington.
Zions Bancorporation operates through its seven subsidiary banks, including Zions Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank, Amegy Bank, and Commerce Bank of Washington. Each bank operates with its own brand, management, and board of directors, giving the company a strong regional presence and allowing it to tailor its services to meet the specific needs of local markets.
In addition to its banking operations, Zions Bancorporation also offers other financial services such as insurance, mortgage banking, and investment services through its other subsidiaries. The company's business model focuses on building and maintaining long-term relationships with its customers by providing personalized and high-quality financial solutions. Zions Bancorporation aims to grow its business through organic growth, strategic acquisitions, and expanding its product and service offerings.
Interesting facts about the company
1. Zions Bancorporation was founded in Salt Lake City, Utah in 1873 as the Zion’s Savings Bank and Trust Company.
2. The company’s name was changed to Zions First National Bank in 1891 and it became the first chartered banking institution in the state of Utah.
3. In the late 1800s, Zions First National Bank played a key role in financing the construction of railroads and other major infrastructure projects in Utah.
4. Zions Bancorporation has grown significantly through mergers and acquisitions over the years. In 2018, it acquired American First National Bank, adding 4 new branches in southern California.
5. The company has a strong focus on community banking and operates over 480 branches across 11 states in the western United States.
6. Zions Bancorporation has received several awards and recognitions for its financial performance and community involvement. It has been named one of America’s Best Banks by Forbes Magazine and one of the World’s Most Ethical Companies by Ethisphere Institute.
7. The company has approximately 10,000 employees and serves over 2 million customers.
8. Zions Bancorporation is a top SBA lender and provides financial services to small businesses through its division Zions Business Resource Center.
9. The company has a strong commitment to sustainability and has been recognized for its efforts in environmental stewardship, social responsibility, and corporate governance.
10. Zions Bancorporation has been listed on the New York Stock Exchange since 1966 and is included in the S&P 500 Index.
See Company Due Diligence:
2. The company’s name was changed to Zions First National Bank in 1891 and it became the first chartered banking institution in the state of Utah.
3. In the late 1800s, Zions First National Bank played a key role in financing the construction of railroads and other major infrastructure projects in Utah.
4. Zions Bancorporation has grown significantly through mergers and acquisitions over the years. In 2018, it acquired American First National Bank, adding 4 new branches in southern California.
5. The company has a strong focus on community banking and operates over 480 branches across 11 states in the western United States.
6. Zions Bancorporation has received several awards and recognitions for its financial performance and community involvement. It has been named one of America’s Best Banks by Forbes Magazine and one of the World’s Most Ethical Companies by Ethisphere Institute.
7. The company has approximately 10,000 employees and serves over 2 million customers.
8. Zions Bancorporation is a top SBA lender and provides financial services to small businesses through its division Zions Business Resource Center.
9. The company has a strong commitment to sustainability and has been recognized for its efforts in environmental stewardship, social responsibility, and corporate governance.
10. Zions Bancorporation has been listed on the New York Stock Exchange since 1966 and is included in the S&P 500 Index.
See Company Due Diligence:
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