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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
03/27/201515:49:20Initial Statement of Beneficial Ownership (3)
03/23/201517:05:56Amended Statement of Changes in Beneficial Ownership (4/a)
03/23/201517:01:08Initial Statement of Beneficial Ownership (3)
03/23/201514:02:00Zions Bancorporation To Report First Quarter 2015 Earnings Results
03/20/201516:38:48Current Report Filing (8-k)
03/20/201516:17:23Statement of Changes in Beneficial Ownership (4)
03/20/201513:49:34Current Report Filing (8-k)
03/20/201509:02:43Zions Bancorp Names New Finance Chief After Passing 'Stress Test'
03/20/201508:10:40Zions Bancorp CFO stepping down
03/20/201508:00:00Zions Bancorporation Announces Retirement of Doyle L. Arnold;...
03/19/201516:17:00Zions Bancorporation Elects Vivian Lee And Suren Gupta To Its...
03/18/201521:29:54Oil: Dallas Sellers Club
03/17/201512:30:00Zions Bancorporation Receives 24 Greenwich Excellence Awards...
03/13/201503:46:302015 Bank Capital Return Plans In A Nutshell
03/11/201518:22:22Fed Approves Zions Capital Plan--2nd Update
03/11/201516:43:05Current Report Filing (8-k)
03/11/201516:30:00Federal Reserve Does Not Object To Zions Bancorporation 2015...
03/11/201506:02:06Amended Current Report Filing (8-k/a)
03/08/201507:15:46MARKET SNAPSHOT: Good News Is Bad Again: Economic Data In Focus...
03/06/201506:18:43Wall Street Breakfast: All Eyes On Jobs

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