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Zions Announces Another $200 Million Equity-Distribution Deal

DOW JONES NEWSWIRES Zions Bancorp (ZION) reached equity-distribution deals with Deutsche Bank AG (DB) and Goldman Sachs Group Inc. (GS) to sell up to $200 million of stock, continuing the bank's effort of capital raising. The deal comes amid the Utah-based regional bank's trying to maintain its liquidity levels after it turned to the government's Troubled Asset Relief Program to get through the worst of the downturn, taking $1.4 billion from the federal government in the wake of the financial crisis. Wednesday's deal is similar to one the bank struck earlier this year with Deutsche Bank and Goldman Sachs for $425 million in stock, as well as a $250 million deal last September with Goldman Sachs alone. Under the Goldman/Deutsche Bank effort, $406.3 million of stock was sold. Zions, which has about $3.4 billion in market value, last month said its second-quarter loss widened more than expected amid a prior-year gain as it reported its seventh straight quarter in the red. Shares closed at $20.31 Tuesday and weren't active premarket. The stock had risen 58% this year. -By Jodi Xu, Dow Jones Newswires; 212-416-3037;;

Stock News for Zions Bancorporation (ZION)
10/24/201617:22:43Current Report Filing (8-k)
10/24/201616:45:00Zions Bancorporation Reports Third Quarter Financial Results
10/13/201616:35:19Current Report Filing (8-k)
10/07/201615:34:05Statement of Changes in Beneficial Ownership (4)
10/07/201615:33:37Statement of Changes in Beneficial Ownership (4)
10/06/201615:07:00California Bank & Trust Voted "Best Bank" In San Diego For Sixth...
09/26/201616:15:00Zions Bancorporation To Report Third Quarter 2016 Earnings Results
09/12/201614:35:50Current Report Filing (8-k)
09/07/201617:27:59Statement of Changes in Beneficial Ownership (4)
08/26/201609:00:00Zions Bancorporation To Present At The Barclays Global Financial...
08/19/201614:32:10Statement of Changes in Beneficial Ownership (4)
08/12/201617:12:35Statement of Changes in Beneficial Ownership (4)
08/12/201616:57:39Initial Statement of Beneficial Ownership (3)
08/05/201616:49:44Quarterly Report (10-q)
08/05/201612:00:00Zions Bancorporation Elects Gary L. Crittenden To Its Board Of...
08/05/201611:50:10Current Report Filing (8-k)
08/01/201615:33:42Amended Statement of Changes in Beneficial Ownership (4/a)
08/01/201615:33:15Statement of Changes in Beneficial Ownership (4)
08/01/201615:33:15Statement of Changes in Beneficial Ownership (4)
07/26/201619:10:19Statement of Changes in Beneficial Ownership (4)

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