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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
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)
06/19/201516:12:52Statement of Changes in Beneficial Ownership (4)
06/16/201508:50:07Zions Sells Remainder of Its CDO Portfolio
06/16/201507:00:00Zions Bancorporation Announces Exit Of CDO Position
06/15/201518:17:29Statement of Changes in Beneficial Ownership (4)
06/15/201518:17:02Statement of Changes in Beneficial Ownership (4)
06/15/201518:16:34Statement of Changes in Beneficial Ownership (4)
06/15/201518:16:08Statement of Changes in Beneficial Ownership (4)
06/15/201518:15:14Statement of Changes in Beneficial Ownership (4)
06/15/201518:13:52Statement of Changes in Beneficial Ownership (4)
06/15/201518:12:34Statement of Changes in Beneficial Ownership (4)
06/15/201518:11:20Statement of Changes in Beneficial Ownership (4)
06/15/201518:10:53Statement of Changes in Beneficial Ownership (4)
06/15/201518:09:39Statement of Changes in Beneficial Ownership (4)
06/15/201518:08:20Statement of Changes in Beneficial Ownership (4)
06/15/201518:06:58Statement of Changes in Beneficial Ownership (4)

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