SALT LAKE CITY, Aug. 29, 2014 /PRNewswire/ -- Zions
Bancorporation (NASDAQ: ZION) today announced that John C. Erickson has been elected to its board
of directors.
Mr. Erickson served for more than 30 years at Union Bank, a
financial institution with more than $100
billion in assets. Mr. Erickson served on all key
committees and in various management roles, culminating in an
appointment as the company's Vice Chairman. His experience as Union
Bank's Chief Risk Officer during the most recent recession is
particularly relevant to Zions as it continues to develop one of
the nation's premier risk management organizations. In addition to
his role in risk management, Mr. Erickson served as Union Bank's
Chief Corporate Banking Officer and oversaw various business units
including commercial banking, wealth management, treasury
management, and capital markets. These businesses were
responsible for generating the substantial majority of Union Bank's
net income.
"We're very pleased that John
Erickson is joining our board of directors," said
Harris H. Simmons, Zions
Bancorporation's Chairman and CEO. "His deep commercial banking
experience will be valuable as Zions strives to achieve strong,
organic revenue growth. Additionally, his risk management
experience will further strengthen our board's expertise in this
critical area as we further refine our risk management practices in
an environment of intensified regulatory and market
expectations."
Mr. Erickson commented, "I am very pleased to have the
opportunity to serve on the board of Zions Bancorporation. I
look forward to working with fellow board members and management to
help grow this attractive franchise while meeting the challenges of
a constantly evolving financial services environment."
Zions Bancorporation is one of the nation's premier financial
services companies, consisting of a collection of great banks in
select western U.S. markets with combined assets exceeding
$55 billion. Zions operates its
banking businesses under local management teams and community
identities in 11 western and southwestern states: Arizona, California, Colorado, Idaho, Nevada, New
Mexico, Oregon,
Texas, Utah, Washington, and Wyoming. The company is a national leader in
Small Business Administration lending and public finance advisory
services and is a consistent recipient of numerous Greenwich
Excellence awards in banking. In addition, Zions is included in the
S&P 500 and NASDAQ Financial 100 indices. Investor information
and links to subsidiary banks can be accessed at
www.zionsbancorporation.com.
SOURCE Zions Bancorporation