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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
05/20/201516:21:03Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/14/201506:01:41Current Report Filing (8-k)
05/12/201516:35:00Zions Bancorporation To Present At The Barclays Americas Select...
05/11/201518:39:456 Best Bank Stocks by Book Value
05/11/201517:53:066 Best Bank Stocks by Book Value
05/08/201515:32:51Initial Statement of Beneficial Ownership (3)
05/08/201512:44:20Amended Current Report Filing (8-k/a)
05/07/201516:41:09Quarterly Report (10-q)
04/22/201512:22:00Zions Bancorporation Announces Annual Meeting Of Shareholders
04/22/201503:07:27Zions Bancorporation Raised to Outperform at FBR & Co. (ZION)
04/21/201512:14:22Statement of Changes in Beneficial Ownership (4)
04/21/201509:34:27Zions Bancorporation Stock Rating Reaffirmed by Deutsche Bank...
04/21/201506:43:17Barclays Lowers Zions Bancorporation Price Target to $30.00 (ZION)
04/21/201506:34:37Zions Bancorporation PT Raised to $32.00 (ZION)
04/20/201522:58:20Zions Bancorp's Profit Edges Lower -- Update
04/20/201519:35:49Zions Bancorp's Profit Edges Lower
04/20/201516:12:18Current Report Filing (8-k)
04/20/201516:10:00Zions Bancorporation Reports Earnings Of $0.37 Per Diluted Common...
04/17/201516:10:00Zions Bancorporation Board Declares Dividends For Common And...

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