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Zions Wins Fed Approval for Resubmitted Capital Plan

July 25 (Bloomberg) -- Zions Bancorporation received approval for its resubmitted 2014 capital plan from the Federal Reserve after failing earlier this year.

The Salt Lake City-based lender’s Tier 1 common ratio was 5.1 percent in the new submission, the Fed said today in a statement. The minimum required by the Fed is 5 percent.

To contact the reporter on this story: Elizabeth Dexheimer in New York at edexheimer@bloomberg.net

To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net Steven Crabill, Christine Harper

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