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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
09/04/201514:18:50Statement of Changes in Beneficial Ownership (4)
08/31/201512:41:33Statement of Changes in Beneficial Ownership (4)
08/25/201516:39:00California Bank & Trust Voted "Best Bank" In San Diego For Fifth...
08/20/201516:36:41Statement of Changes in Beneficial Ownership (4)
08/07/201516:49:36Statement of Changes in Beneficial Ownership (4)
08/06/201515:22:06Quarterly Report (10-q)
08/05/201514:02:42Statement of Changes in Beneficial Ownership (4)
08/04/201516:22:20Statement of Changes in Beneficial Ownership (4)
08/03/201517:08:24Statement of Changes in Beneficial Ownership (4)
08/03/201517:07:58Statement of Changes in Beneficial Ownership (4)
08/03/201506:02:49Current Report Filing (8-k)
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...

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