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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; jodi.xu@dowjones.com;

Stock News for Zions Bancorporation (ZION)
DateTimeHeadline
07/31/201512:05:42Statement of Changes in Beneficial Ownership (4)
07/31/201510:58:00U.S. Bancorp and Zions Bank Sign Renewable-Energy Tax-Equity...
07/28/201506:02:24Current Report Filing (8-k)
07/21/201511:27:49Statement of Changes in Beneficial Ownership (4)
07/20/201516:19:13Current Report Filing (8-k)
07/20/201516:10:00Zions Bancorporation Reports Second Quarter 2015 Results
07/16/201518:53:12Janet Yellen Supports Changes to Systemically Important Distinction
07/16/201517:43:00Zions Bancorporation Board Declares Dividends For Common And...
07/06/201510:30:00California Bank & Trust Hires Ardy Farokhirad as New Greater...
07/02/201514:34:07Statement of Changes in Beneficial Ownership (4)
07/01/201518:47:20Statement of Changes in Beneficial Ownership (4)
07/01/201518:47:20Statement of Changes in Beneficial Ownership (4)
07/01/201518:46:52Statement of Changes in Beneficial Ownership (4)
07/01/201518:46:23Statement of Changes in Beneficial Ownership (4)
07/01/201516:55:45Securities Registration: Employee Benefit Plan (s-8)
06/30/201515:39:49Statement of Changes in Beneficial Ownership (4)
06/25/201510:36:00Final Phase of Dallas Senior Living Community Opens with Help...
06/24/201516:10:00Zions Bancorporation To Report Second Quarter 2015 Earnings Results
06/24/201516:08:22Annual Report of Employee Stock Plans (11-k)
06/22/201516:46:10Statement of Changes in Beneficial Ownership (4)

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