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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
07/22/201606:59:00Zions Bancorporation Board Declares Dividends And Authorizes...
07/11/201615:07:00Zions Bancorporation To Report Second Quarter 2016 Earnings Results
07/06/201606:01:30Current Report Filing (8-k)
06/30/201617:28:10Statement of Changes in Beneficial Ownership (4)
06/30/201617:20:39Statement of Changes in Beneficial Ownership (4)
06/29/201616:46:34Current Report Filing (8-k)
06/29/201616:35:00Federal Reserve Does Not Object To Zions Bancorporation 2016...
06/27/201616:26:34Amended Statement of Changes in Beneficial Ownership (4/a)
06/27/201610:00:00Amegy Bank of Texas Names Laif Afseth President and Dave Stevenson...
06/23/201616:40:52Current Report Filing (8-k)
06/22/201616:31:14Annual Report of Employee Stock Plans (11-k)
06/22/201608:10:00What to Watch for in Fed's Stress Tests of Big Banks
06/20/201607:40:00What Investors are Making of These Financial Stocks? - Zions...
06/17/201616:53:16Statement of Changes in Beneficial Ownership (4)
06/14/201617:32:10Amended Statement of Changes in Beneficial Ownership (4/a)
06/14/201617:31:41Amended Statement of Changes in Beneficial Ownership (4/a)
06/14/201616:58:44Statement of Changes in Beneficial Ownership (4)
06/14/201616:58:44Statement of Changes in Beneficial Ownership (4)
06/14/201616:58:44Statement of Changes in Beneficial Ownership (4)
06/14/201616:58:44Statement of Changes in Beneficial Ownership (4)

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