Zions Bancorporation Announces Redemption Of Series B Trust Preferred
SALT LAKE CITY, April 2, 2013
SALT LAKE CITY, April 2, 2013 /PRNewswire/ -- Zions Bancorporation (Nasdaq:
ZION) today announced that onMay 3, 2013, Zions Capital Trust B will redeem
all of its outstanding 8.0% capital securities (CUSIP No. 989703202, the
"Capital Securities") consisting of 11,400,000 shares with an aggregate
liquidation amount of$285,000,000.
The redemption price will be 100% of the liquidation amount ($25.00 per share)
of the Capital Securities, together with accrued and unpaid distributions to
the redemption date. The Paying Agent with respect to the Capital Securities
is The Bank of New York Mellon, located at111 Sanders Creek Parkway,East
Syracuse, New York13057, Attention: Transtar Department.
Zions Bancorporation is one of the nation's premier financial services
companies, consisting of a collection of eight great banks in select western
U.S. markets with combined total assets exceeding $50 billion. Zions operates
its banking businesses under local management teams and community identities
in 10 western and southwestern states: 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 (and New
Mexico), and Zions First National Bank (Utah and Idaho). The company is a
national leader in Small Business Administration lending and public finance
advisory services. In addition, Zions is included in the S&P 500 and NASDAQ
Financial 100 indices. Investor information and links to subsidiary banks can
be accessed at www.zionsbancorporation.com.
SOURCE Zions Bancorporation
Contact: James Abbott, (801) 844-7637
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