The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Zions Bancorporation Announces Redemption Of Series B Trust Preferred Securities

Tuesday, April 02, 2013

Zions Bancorporation Announces Redemption Of Series B Trust Preferred Securities

19:53 EDT Tuesday, April 02, 2013

SALT LAKE CITY, April 2, 2013 /PRNewswire/ -- Zions Bancorporation (Nasdaq: ZION) today announced that on May 3, 2013, Zions Capital Trust B will redeem all of its outstanding 8.0% capital securities (CUSIP No. 989703202, the "Capital Securities") consisting of 11,400,000 shares with an aggregate liquidation amount of $285,000,000.

The redemption price will be 100% of the liquidation amount ($25.00 per share) of the Capital Securities, together with accrued and unpaid distributions to the redemption date. The Paying Agent with respect to the Capital Securities is The Bank of New York Mellon, located at 111 Sanders Creek Parkway, East Syracuse, New York 13057, Attention: Transtar Department.

Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of eight great banks in select western U.S. markets with combined total assets exceeding $50 billion. Zions operates its banking businesses under local management teams and community identities in 10 western and southwestern states: Amegy Bank of Texas, California Bank & Trust, National Bank of Arizona, Nevada State Bank, The Commerce Bank of Oregon, The Commerce Bank of Washington, Vectra Bank Colorado (and New Mexico), and Zions First National Bank (Utah and Idaho). The company is a national leader in Small Business Administration lending and public finance advisory services. 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

SOURCE Zions Bancorporation

For further information: James Abbott, (801) 844-7637

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections