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Utah Bank Zions Plans To Sell $200 Million In Stock

DOW JONES NEWSWIRES Zions Bancorp (ZION) said it plans to sell up to $200 million in stock as the struggling bank looks to tap equity markets to help shore up its balance sheet. The Utah-based regional bank said the shares are expected to be sold at market prices, and it plans to use the proceeds from the offering for general corporate purposes, according to a filing with the U.S. Securities and Exchange Commission. The company currently has a market value of about $4.5 billion. Zions has said it anticipates swinging to profitability early this year as it has seen its credit quality improve. The company last month said its fourth-quarter loss narrowed on continuing declines in the company's loan-loss provision, but the bank still posted its ninth straight quarter in the red. Shares fell 0.7% to $24.45 in after-hours trading. As of the close, the stock had risen by one-third in the past year. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for Zions Bancorporation (ZION)
DateTimeHeadline
05/04/201612:26:00Zions Bancorporation Announces Annual Meeting Of Shareholders...
05/02/201607:02:26Statement of Changes in Beneficial Ownership (4)
05/02/201607:02:00Statement of Changes in Beneficial Ownership (4)
05/02/201607:01:33Statement of Changes in Beneficial Ownership (4)
05/02/201607:01:06Statement of Changes in Beneficial Ownership (4)
05/02/201607:00:39Statement of Changes in Beneficial Ownership (4)
04/29/201613:25:00Zions Bancorporation Board Declares Dividends For Common And...
04/25/201616:42:46Current Report Filing (8-k)
04/25/201616:24:31Tender Offer Statement by Issuer (sc To-i)
04/25/201616:11:00Zions Bancorporation Commences Tender Offers to Purchase Up to...
04/25/201616:10:00Zions Bancorporation Reports First Quarter Financial Results
04/22/201613:43:05Statement of Changes in Beneficial Ownership (4)
04/18/201617:51:20Statement of Changes in Beneficial Ownership (4)
04/14/201614:56:24Additional Proxy Soliciting Materials (definitive) (defa14a)
04/14/201614:55:05Proxy Statement (definitive) (def 14a)
04/13/201616:26:19Current Report Filing (8-k)
04/05/201613:44:37Statement of Changes in Beneficial Ownership (4)
04/04/201615:16:12Statement of Changes in Beneficial Ownership (4)
04/04/201613:37:05Amended Statement of Changes in Beneficial Ownership (4/a)
04/04/201613:36:37Statement of Changes in Beneficial Ownership (4)

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